Scott W. Behrens Sells 35,555 Shares of ACI Worldwide Inc. (ACIW) Stock
ACI Worldwide Inc. (NASDAQ:ACIW) CFO Scott W. Behrens sold 35,555 shares of the firm’s stock in a transaction on Friday, September 30th. The stock was sold at an average price of $19.22, for a total transaction of $683,367.10. Following the completion of the sale, the chief financial officer now owns 271,554 shares in the company, valued at $5,219,267.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
ACI Worldwide Inc. (NASDAQ:ACIW) opened at 19.49 on Wednesday. ACI Worldwide Inc. has a one year low of $15.07 and a one year high of $24.61. The company’s 50-day moving average is $18.71 and its 200 day moving average is $19.65. The company has a market capitalization of $2.28 billion, a P/E ratio of 17.75 and a beta of 1.41.
ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. ACI Worldwide had a return on equity of 7.60% and a net margin of 13.20%. The firm had revenue of $219.90 million for the quarter, compared to the consensus estimate of $221.17 million. During the same period last year, the company posted $0.23 earnings per share. The business’s revenue was down 17.3% compared to the same quarter last year. Analysts predict that ACI Worldwide Inc. will post $0.54 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. LS Investment Advisors LLC raised its stake in ACI Worldwide by 68.7% in the second quarter. LS Investment Advisors LLC now owns 6,999 shares of the company’s stock valued at $137,000 after buying an additional 2,849 shares during the period. Neuberger Berman Group LLC purchased a new stake in ACI Worldwide during the second quarter valued at about $208,000. Penserra Capital Management LLC raised its stake in ACI Worldwide by 15.1% in the second quarter. Penserra Capital Management LLC now owns 10,864 shares of the company’s stock valued at $212,000 after buying an additional 1,423 shares during the period. Connable Office Inc. raised its stake in ACI Worldwide by 6.8% in the first quarter. Connable Office Inc. now owns 10,400 shares of the company’s stock valued at $216,000 after buying an additional 665 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in ACI Worldwide by 7,662.8% in the second quarter. Tower Research Capital LLC TRC now owns 11,256 shares of the company’s stock valued at $219,000 after buying an additional 11,111 shares during the period. 97.83% of the stock is currently owned by hedge funds and other institutional investors.
ACIW has been the topic of several recent research reports. Zacks Investment Research upgraded shares of ACI Worldwide from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Monday, August 1st. Monness Crespi & Hardt initiated coverage on shares of ACI Worldwide in a research report on Wednesday, June 15th. They set a “buy” rating and a $26.00 target price on the stock. Finally, TheStreet lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $23.75.
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. These 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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