Ramsey Quantitative Systems Takes Position in ACI Worldwide, Inc. (ACIW)
Ramsey Quantitative Systems acquired a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,475 shares of the technology company’s stock, valued at approximately $324,000.
A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. grew its position in ACI Worldwide by 0.4% in the 2nd quarter. BlackRock Inc. now owns 12,035,561 shares of the technology company’s stock valued at $269,235,000 after acquiring an additional 44,692 shares during the last quarter. Vanguard Group Inc. grew its position in ACI Worldwide by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 9,780,252 shares of the technology company’s stock valued at $218,784,000 after acquiring an additional 161,582 shares during the last quarter. State Street Corp grew its position in ACI Worldwide by 2.5% in the 1st quarter. State Street Corp now owns 3,744,710 shares of the technology company’s stock valued at $80,100,000 after acquiring an additional 90,836 shares during the last quarter. New York State Common Retirement Fund grew its position in ACI Worldwide by 4.2% in the 2nd quarter. New York State Common Retirement Fund now owns 2,862,130 shares of the technology company’s stock valued at $64,026,000 after acquiring an additional 115,599 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in ACI Worldwide by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,799,703 shares of the technology company’s stock valued at $59,886,000 after acquiring an additional 101,752 shares during the last quarter.
Several equities analysts have commented on the company. BidaskClub downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. ValuEngine raised ACI Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 31st. Finally, DA Davidson assumed coverage on ACI Worldwide in a research report on Thursday, August 31st. They issued a “buy” rating and a $26.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. ACI Worldwide has a consensus rating of “Buy” and a consensus price target of $25.50.
In other news, Director John M. Shay, Jr. sold 20,000 shares of ACI Worldwide stock in a transaction on 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 sale, the director now directly owns 81,896 shares of the company’s stock, valued at $1,899,168.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Philip G. Heasley acquired 5,000 shares of the company’s 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 disclosure for this purchase can be found here. Insiders own 4.20% of the company’s stock.
ACI Worldwide, Inc. (NASDAQ ACIW) opened at 22.899 on Monday. ACI Worldwide, Inc. has a 12 month low of $15.11 and a 12 month high of $24.65. The company has a market cap of $2.71 billion, a P/E ratio of 106.014 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 posted its earnings results on Thursday, July 27th. The technology company reported $0.02 EPS for the quarter, beating the Zacks’ 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 company had revenue of $240.60 million for the quarter, compared to the consensus estimate of $225.87 million. During the same quarter in the previous year, the business earned ($0.15) earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts predict that ACI Worldwide, Inc. will post $0.52 EPS for the current year.
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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.
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