Federated Investors Inc. PA Sells 2,251 Shares of ACI Worldwide, Inc. (ACIW)
Federated Investors Inc. PA lessened its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,820 shares of the technology company’s stock after selling 2,251 shares during the quarter. Federated Investors Inc. PA’s holdings in ACI Worldwide were worth $935,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Turner Investments LLC acquired a new stake in shares of ACI Worldwide in the 2nd quarter worth $246,000. BNP Paribas Arbitrage SA boosted its position in shares of ACI Worldwide by 127.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 60,701 shares of the technology company’s stock worth $1,358,000 after purchasing an additional 34,050 shares in the last quarter. Comerica Bank boosted its position in shares of ACI Worldwide by 1.0% in the 2nd quarter. Comerica Bank now owns 120,696 shares of the technology company’s stock worth $2,928,000 after purchasing an additional 1,248 shares in the last quarter. Legal & General Group Plc boosted its position in shares of ACI Worldwide by 21.9% in the 2nd quarter. Legal & General Group Plc now owns 90,536 shares of the technology company’s stock worth $2,027,000 after purchasing an additional 16,272 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of ACI Worldwide by 136.7% in the 2nd quarter. SG Americas Securities LLC now owns 37,720 shares of the technology company’s stock worth $844,000 after purchasing an additional 21,784 shares in the last quarter.
A number of analysts have recently weighed in on ACIW shares. BidaskClub cut ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. ValuEngine raised ACI Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research cut ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 31st. Finally, DA Davidson started coverage on ACI Worldwide in a research report on Thursday, August 31st. They issued a “buy” rating and a $26.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $25.50.
TRADEMARK VIOLATION WARNING: This report was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://www.dailypolitical.com/2017/09/17/federated-investors-inc-pa-sells-2251-shares-of-aci-worldwide-inc-aciw.html.
Shares of ACI Worldwide, Inc. (NASDAQ ACIW) opened at 22.50 on Friday. The firm’s 50-day moving average price is $22.22 and its 200-day moving average price is $22.36. ACI Worldwide, Inc. has a 12 month low of $15.11 and a 12 month high of $24.65. The firm has a market cap of $2.66 billion, a PE ratio of 104.17 and a beta of 1.33.
ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, July 27th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.11. ACI Worldwide had a net margin of 2.47% and a return on equity of 8.92%. The company had revenue of $240.60 million during the quarter, compared to the consensus estimate of $225.87 million. During the same quarter in the prior year, the firm posted ($0.15) earnings per share. ACI Worldwide’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts expect that ACI Worldwide, Inc. will post $0.52 earnings per share for the current year.
In other ACI Worldwide news, CEO Philip G. Heasley bought 5,000 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was acquired at an average price of $21.32 per share, for a total transaction of $106,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John M. Shay, Jr. sold 20,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $23.19, for a total transaction of $463,800.00. Following the sale, the director now owns 81,896 shares of the company’s stock, valued at approximately $1,899,168.24. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company’s stock.
About ACI Worldwide
ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.
Want to see what other hedge funds are holding ACIW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ACI Worldwide, Inc. (NASDAQ:ACIW).
Receive News & Ratings for ACI Worldwide Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACI Worldwide Inc. and related companies with MarketBeat.com's FREE daily email newsletter.