Bank of Montreal Can reduced its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 0.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 236,270 shares of the technology company’s stock after selling 1,964 shares during the period. Bank of Montreal Can owned approximately 0.20% of ACI Worldwide worth $5,285,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in ACI Worldwide during the first quarter worth approximately $170,000. LS Investment Advisors LLC raised its stake in ACI Worldwide by 1.2% in the first quarter. LS Investment Advisors LLC now owns 8,019 shares of the technology company’s stock worth $172,000 after buying an additional 93 shares during the period. Strs Ohio raised its stake in ACI Worldwide by 113.2% in the first quarter. Strs Ohio now owns 8,100 shares of the technology company’s stock worth $173,000 after buying an additional 4,300 shares during the period. Teacher Retirement System of Texas bought a new stake in ACI Worldwide during the first quarter worth approximately $204,000. Finally, Trexquant Investment LP bought a new stake in ACI Worldwide during the first quarter worth approximately $208,000.
ACI Worldwide, Inc. (NASDAQ ACIW) opened at 21.33 on Friday. The company’s 50-day moving average price is $22.70 and its 200-day moving average price is $21.98. The firm has a market capitalization of $2.52 billion, a P/E ratio of 98.75 and a beta of 1.32. ACI Worldwide, Inc. has a 1-year low of $15.11 and a 1-year high of $24.65.
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 Zacks’ consensus estimate of ($0.09) by $0.11. The firm had revenue of $240.60 million for the quarter, compared to the consensus estimate of $225.87 million. ACI Worldwide had a net margin of 2.47% and a return on equity of 8.92%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned ($0.15) earnings per share. Equities research analysts expect that ACI Worldwide, Inc. will post $0.55 earnings per share for the current fiscal year.
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ACIW has been the topic of a number of analyst reports. TheStreet lowered ACI Worldwide from a “b” rating to a “c+” rating in a research report on Friday, May 5th. BidaskClub lowered ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. ValuEngine upgraded ACI Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research upgraded ACI Worldwide from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, May 2nd. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $25.33.
In other ACI Worldwide news, Director John M. Shay, Jr. sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were 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 in the company, valued at $1,899,168.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.20% of the stock is owned by company insiders.
ACI Worldwide Company 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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