Principal Financial Group Inc. Has $11.16 Million Position in ACI Worldwide, Inc. (ACIW)
Principal Financial Group Inc. increased its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 498,739 shares of the technology company’s stock after purchasing an additional 22,640 shares during the period. Principal Financial Group Inc. owned approximately 0.42% of ACI Worldwide worth $11,157,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Prudential Financial Inc. grew its stake in shares of ACI Worldwide by 4.9% during the second quarter. Prudential Financial Inc. now owns 80,204 shares of the technology company’s stock worth $1,794,000 after purchasing an additional 3,750 shares during the period. Bridge City Capital LLC acquired a new stake in shares of ACI Worldwide during the second quarter worth $742,000. Tygh Capital Management Inc. acquired a new stake in shares of ACI Worldwide during the second quarter worth $5,533,000. Turner Investments LLC acquired a new stake in shares of ACI Worldwide during the second quarter worth $246,000. Finally, BNP Paribas Arbitrage SA grew its stake in shares of ACI Worldwide by 127.8% during the second 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 during the period.
ACI Worldwide, Inc. (NASDAQ:ACIW) opened at 23.03 on Friday. ACI Worldwide, Inc. has a 1-year low of $15.11 and a 1-year high of $24.65. The firm has a market capitalization of $2.72 billion, a PE ratio of 106.62 and a beta of 1.33. The firm has a 50-day moving average price of $22.20 and a 200-day moving average price of $22.41.
ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, July 27th. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.11. ACI Worldwide had a return on equity of 8.92% and a net margin of 2.47%. The business had revenue of $240.60 million during the quarter, compared to analyst estimates of $225.87 million. During the same period last year, the company earned ($0.15) EPS. ACI Worldwide’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities analysts expect that ACI Worldwide, Inc. will post $0.52 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on the company. BidaskClub raised ACI Worldwide from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Zacks Investment Research raised ACI Worldwide from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective for the company in a research note on Monday, July 31st. DA Davidson assumed coverage on ACI Worldwide in a research note on Thursday, August 31st. They set a “buy” rating and a $26.00 price objective for the company. Finally, ValuEngine raised ACI Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $25.50.
In other ACI Worldwide news, CEO Philip G. Heasley acquired 5,000 shares of the stock in a transaction dated Friday, August 18th. The stock was purchased at an average cost of $21.32 per share, with a total value of $106,600.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director John M. Shay, Jr. sold 20,000 shares of ACI Worldwide stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $23.19, for a total value of $463,800.00. Following the completion of the transaction, the director now directly owns 81,896 shares of the company’s stock, valued at $1,899,168.24. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.
ACI Worldwide Profile
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.
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