ACI Worldwide (ACIW) Downgraded by Zacks Investment Research
ACI Worldwide (NASDAQ:ACIW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.
According to Zacks, “ACI Worldwide, the Universal Payments (UP) company, powers electronic payments for more than 5,000 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries as well as 300 of the leading global retailers rely on ACI to execute $14 trillion each day in payments. In addition, thousands of organizations utilize our electronic bill presentment and payment services. Through their comprehensive suite of software and SaaS-based solutions, they deliver real-time, any-to-any payments capabilities and enable the industry’s most complete omni-channel payments experience. “
Separately, BidaskClub lowered ACI Worldwide from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. ACI Worldwide currently has an average rating of “Hold” and an average target price of $26.00.
ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.22. ACI Worldwide had a return on equity of 11.02% and a net margin of 3.72%. sell-side analysts anticipate that ACI Worldwide will post 0.54 earnings per share for the current fiscal year.
In other ACI Worldwide news, Director James Mcgroddy sold 90,000 shares of ACI Worldwide stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $22.40, for a total transaction of $2,016,000.00. Following the transaction, the director now directly owns 76,896 shares of the company’s stock, valued at approximately $1,722,470.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Anthony M. Scotto, Jr. sold 30,000 shares of ACI Worldwide stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $22.97, for a total value of $689,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 180,000 shares of company stock worth $4,069,200 over the last ninety days. Company insiders own 4.20% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in ACIW. Schwab Charles Investment Management Inc. lifted its stake in shares of ACI Worldwide by 2.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 680,055 shares of the technology company’s stock valued at $15,417,000 after purchasing an additional 15,919 shares during the period. Shelton Capital Management acquired a new position in shares of ACI Worldwide in the 3rd quarter valued at about $201,000. Public Employees Retirement System of Ohio lifted its stake in shares of ACI Worldwide by 392.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 21,052 shares of the technology company’s stock valued at $480,000 after purchasing an additional 16,778 shares during the period. GSA Capital Partners LLP acquired a new position in shares of ACI Worldwide in the 3rd quarter valued at about $826,000. Finally, Belpointe Asset Management LLC acquired a new position in shares of ACI Worldwide in the 3rd quarter valued at about $482,000.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2018/01/17/aci-worldwide-aciw-downgraded-by-zacks-investment-research.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ACI Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACI Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.