ACI Worldwide, Inc. (ACIW) Lowered to Sell at BidaskClub
BidaskClub downgraded shares of ACI Worldwide, Inc. (NASDAQ:ACIW) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.
Other research analysts have also recently issued reports about the stock. TheStreet cut shares of ACI Worldwide from a b rating to a c+ rating in a report on Friday, May 5th. Zacks Investment Research raised shares of ACI Worldwide from a hold rating to a buy rating and set a $24.00 price objective for the company in a report on Tuesday, May 2nd. Finally, ValuEngine raised shares of ACI Worldwide from a sell rating to a hold rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $25.33.
ACI Worldwide (NASDAQ ACIW) traded up 0.32% on Friday, hitting $22.02. 338,310 shares of the stock were exchanged. ACI Worldwide has a 12 month low of $15.11 and a 12 month high of $24.65. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 101.94 and a beta of 1.32. The company has a 50-day moving average of $23.10 and a 200-day moving average of $21.81.
ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, July 27th. The technology company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.11. ACI Worldwide had a net margin of 2.47% and a return on equity of 8.92%. The firm had revenue of $240.60 million during the quarter, compared to analysts’ expectations of $225.87 million. During the same period in the previous year, the company earned ($0.15) earnings per share. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts predict that ACI Worldwide will post $0.55 EPS for the current year.
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In other ACI Worldwide news, Director John M. Shay, Jr. sold 20,000 shares of the company’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 transaction 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 filing with the SEC, which can be accessed through this link. 4.20% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in ACIW. Quantbot Technologies LP acquired a new stake in shares of ACI Worldwide during the first quarter worth approximately $170,000. LS Investment Advisors LLC boosted its stake in shares of 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 in the last quarter. Strs Ohio boosted its stake in shares of 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 in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of ACI Worldwide during the first quarter worth approximately $204,000. Finally, Trexquant Investment LP acquired a new stake in shares of ACI Worldwide during the first quarter worth approximately $208,000.
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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