ACI Worldwide Inc (NASDAQ:ACIW) Stock Position Lessened by Dupont Capital Management Corp
Dupont Capital Management Corp decreased its holdings in ACI Worldwide Inc (NASDAQ:ACIW) by 9.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 24,040 shares of the technology company’s stock after selling 2,631 shares during the quarter. Dupont Capital Management Corp’s holdings in ACI Worldwide were worth $649,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. State Street Corp grew its stake in shares of ACI Worldwide by 0.9% in the first quarter. State Street Corp now owns 3,765,512 shares of the technology company’s stock worth $90,937,000 after purchasing an additional 33,465 shares in the last quarter. Janus Henderson Group PLC boosted its stake in ACI Worldwide by 11.0% during the first quarter. Janus Henderson Group PLC now owns 2,903,402 shares of the technology company’s stock valued at $70,117,000 after buying an additional 286,647 shares in the last quarter. Conestoga Capital Advisors LLC boosted its stake in ACI Worldwide by 2.8% during the first quarter. Conestoga Capital Advisors LLC now owns 2,749,111 shares of the technology company’s stock valued at $66,391,000 after buying an additional 75,792 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in ACI Worldwide by 1.3% during the first quarter. Silvercrest Asset Management Group LLC now owns 2,537,406 shares of the technology company’s stock valued at $61,278,000 after buying an additional 32,490 shares in the last quarter. Finally, P2 Capital Partners LLC boosted its stake in ACI Worldwide by 50.1% during the first quarter. P2 Capital Partners LLC now owns 1,895,000 shares of the technology company’s stock valued at $45,764,000 after buying an additional 632,625 shares in the last quarter.
ACIW has been the subject of several research reports. BidaskClub cut ACI Worldwide from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 7th. ValuEngine cut ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, May 1st. BTIG Research reaffirmed a “buy” rating and set a $37.00 target price on shares of ACI Worldwide in a research note on Monday, July 13th. Canaccord Genuity decreased their target price on ACI Worldwide from $44.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, Needham & Company LLC started coverage on ACI Worldwide in a report on Friday, May 29th. They set a “buy” rating and a $32.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $35.50.
ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.14). The business had revenue of $291.49 million during the quarter, compared to analysts’ expectations of $290.39 million. ACI Worldwide had a return on equity of 6.37% and a net margin of 5.10%. The firm’s revenue was up 41.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.22) earnings per share.
ACI Worldwide Profile
ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.
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