First Analysis Weighs in on ACI Worldwide, Inc.’s Q3 2018 Earnings (ACIW)
ACI Worldwide, Inc. (NASDAQ:ACIW) – Equities researchers at First Analysis issued their Q3 2018 earnings estimates for shares of ACI Worldwide in a note issued to investors on Sunday. First Analysis analyst L. Berlin anticipates that the technology company will post earnings per share of $0.03 for the quarter.
A number of other analysts have also commented on the stock. Zacks Investment Research lowered shares of ACI Worldwide from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. DA Davidson assumed coverage on shares of ACI Worldwide in a research note on Thursday, August 31st. They set a “buy” rating and a $26.00 price objective for the company. Finally, BidaskClub raised shares of ACI Worldwide from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $26.00.
In other news, Director James Mcgroddy sold 30,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $23.07, for a total value of $692,100.00. Following the completion of the sale, the director now directly owns 88,896 shares of the company’s stock, valued at $2,050,830.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.20% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Riverhead Capital Management LLC lifted its position 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 purchasing an additional 2,357 shares in the last quarter. Shelton Capital Management bought a new position in ACI Worldwide during the third quarter valued at approximately $201,000. Oakbrook Investments LLC bought a new position in ACI Worldwide during the third quarter valued at approximately $203,000. LS Investment Advisors LLC raised its position in ACI Worldwide by 17.4% during the second quarter. LS Investment Advisors LLC now owns 9,416 shares of the technology company’s stock valued at $211,000 after acquiring an additional 1,397 shares in the last quarter. Finally, Neuberger Berman Group LLC bought a new position in ACI Worldwide during the third quarter valued at approximately $211,000.
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. 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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