ACI Worldwide Inc. (ACIW) Stake Maintained by North Star Asset Management Inc.
North Star Asset Management Inc. held its position in shares of ACI Worldwide Inc. (NASDAQ:ACIW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 675,963 shares of the company’s stock at the end of the second quarter. ACI Worldwide makes up 1.6% of North Star Asset Management Inc.’s holdings, making the stock its 7th largest position. North Star Asset Management Inc. owned about 0.58% of ACI Worldwide worth $14,054,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. LS Investment Advisors LLC increased its position in shares of ACI Worldwide by 68.7% in the second quarter. LS Investment Advisors LLC now owns 6,999 shares of the company’s stock worth $137,000 after buying an additional 2,849 shares during the last quarter. Huntington Asset Advisors Inc. bought a new position in shares of ACI Worldwide during the first quarter worth $229,000. Strs Ohio increased its position in shares of ACI Worldwide by 6.8% in the second quarter. Strs Ohio now owns 12,500 shares of the company’s stock worth $243,000 after buying an additional 800 shares during the last quarter. Aperio Group LLC increased its position in shares of ACI Worldwide by 2.0% in the first quarter. Aperio Group LLC now owns 14,196 shares of the company’s stock worth $295,000 after buying an additional 281 shares during the last quarter. Finally, Capstone Asset Management Co. increased its position in shares of ACI Worldwide by 21.5% in the second quarter. Capstone Asset Management Co. now owns 16,467 shares of the company’s stock worth $321,000 after buying an additional 2,910 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.
ACI Worldwide Inc. (NASDAQ:ACIW) traded down 2.54% during mid-day trading on Friday, reaching $19.21. The company’s stock had a trading volume of 750,311 shares. ACI Worldwide Inc. has a 52-week low of $15.07 and a 52-week high of $24.61. The stock has a market cap of $2.25 billion, a PE ratio of 17.50 and a beta of 1.41. The company has a 50 day moving average of $18.81 and a 200-day moving average of $19.65.
ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by $0.06. The firm had revenue of $219.90 million for the quarter, compared to analyst estimates of $221.17 million. ACI Worldwide had a return on equity of 7.60% and a net margin of 13.20%. The firm’s quarterly revenue was down 17.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 earnings per share. Equities analysts forecast that ACI Worldwide Inc. will post $0.54 earnings per share for the current year.
A number of research analysts recently weighed in on the company. Monness Crespi & Hardt assumed coverage on ACI Worldwide in a research note on Wednesday, June 15th. They issued a “buy” rating and a $26.00 price objective on the stock. TheStreet lowered ACI Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Finally, Zacks Investment Research lowered ACI Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. ACI Worldwide has a consensus rating of “Hold” and a consensus target price of $23.75.
In other news, CFO Scott W. Behrens sold 35,555 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 271,554 shares of the company’s stock, valued at $5,219,267.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.10% of the company’s stock.
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. 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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