Bamco Inc. NY Has $22,370,000 Stake in ACI Worldwide, Inc. (ACIW)
Bamco Inc. NY maintained its position in ACI Worldwide, Inc. (NASDAQ:ACIW) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,000,000 shares of the technology company’s stock at the close of the second quarter. Bamco Inc. NY owned about 0.85% of ACI Worldwide worth $22,370,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of ACIW. Riverhead Capital Management LLC increased its stake in shares of ACI Worldwide by 62.0% in the second quarter. Riverhead Capital Management LLC now owns 6,157 shares of the technology company’s stock worth $138,000 after acquiring an additional 2,357 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of ACI Worldwide in the first quarter worth $170,000. Strs Ohio increased 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 acquiring an additional 4,300 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of ACI Worldwide in the first quarter worth $204,000. Finally, Trexquant Investment LP acquired a new position in shares of ACI Worldwide in the first quarter worth $208,000.
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Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) traded down 0.65% during midday trading on Friday, reaching $22.78. 418,539 shares of the company were exchanged. ACI Worldwide, Inc. has a 52-week low of $15.11 and a 52-week high of $24.65. The stock has a 50-day moving average price of $22.20 and a 200 day moving average price of $22.41. The company has a market capitalization of $2.69 billion, a P/E ratio of 105.46 and a beta of 1.33.
ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $0.02 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $225.87 million. During the same period in the previous year, the business earned ($0.15) EPS. The company’s revenue was up 9.4% compared to the same quarter last year. Equities research analysts expect that ACI Worldwide, Inc. will post $0.52 EPS for the current fiscal year.
A number of research firms have recently weighed in on ACIW. DA Davidson began coverage on shares of ACI Worldwide in a research note on Thursday, August 31st. They issued a “buy” rating and a $26.00 price target on the stock. BidaskClub raised shares of ACI Worldwide from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Zacks Investment Research raised shares of ACI Worldwide from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a research note on Monday, July 31st. Finally, ValuEngine upgraded shares of ACI Worldwide from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $25.50.
In other ACI Worldwide news, CEO Philip G. Heasley purchased 5,000 shares of the stock in a transaction on Friday, August 18th. The shares were purchased at an average cost of $21.32 per share, for a total transaction of $106,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John M. Shay, Jr. sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $23.19, for a total transaction of $463,800.00. Following the transaction, the director now owns 81,896 shares in the company, valued at $1,899,168.24. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by insiders.
ACI Worldwide 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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