LS Investment Advisors LLC raised its position in shares of ACI Worldwide Inc. (NASDAQ:ACIW) by 68.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 6,999 shares of the company’s stock after buying an additional 2,849 shares during the period. LS Investment Advisors LLC’s holdings in ACI Worldwide were worth $137,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. Connable Office Inc. boosted its stake in shares of ACI Worldwide by 6.8% in the first quarter. Connable Office Inc. now owns 10,400 shares of the company’s stock worth $216,000 after buying an additional 665 shares during the period. Huntington Asset Advisors Inc. acquired a new stake in shares of ACI Worldwide during the first quarter worth approximately $229,000. Aperio Group LLC boosted its stake in shares of ACI Worldwide by 2.0% in the first quarter. Aperio Group LLC now owns 14,196 shares of the company’s stock worth $295,000 after buying an additional 281 shares during the period. Capstone Asset Management Co. boosted its position in shares of ACI Worldwide by 21.5% in the second quarter. Capstone Asset Management Co. now owns 16,467 shares of the company’s stock worth $321,000 after buying an additional 2,910 shares during the last quarter. Finally, UBS Group AG boosted its position in shares of ACI Worldwide by 866.2% in the first quarter. UBS Group AG now owns 36,339 shares of the company’s stock worth $755,000 after buying an additional 32,578 shares during the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.
Shares of ACI Worldwide Inc. (NASDAQ:ACIW) traded up 1.36% during trading on Friday, reaching $19.38. The company’s stock had a trading volume of 557,401 shares. The firm’s 50-day moving average is $18.67 and its 200-day moving average is $19.67. ACI Worldwide Inc. has a 12-month low of $15.07 and a 12-month high of $24.61. The stock has a market capitalization of $2.27 billion, a PE ratio of 17.65 and a beta of 1.38.
ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, July 28th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.06. ACI Worldwide had a return on equity of 7.60% and a net margin of 13.20%. The business earned $219.90 million during the quarter, compared to analysts’ expectations of $221.17 million. During the same quarter in the previous year, the business earned $0.23 EPS. The business’s revenue for the quarter was down 17.3% on a year-over-year basis. Equities analysts expect that ACI Worldwide Inc. will post $0.54 earnings per share for the current year.
A number of equities analysts recently issued reports on ACIW shares. Monness Crespi & Hardt started coverage on shares of ACI Worldwide in a research note on Wednesday, June 15th. They issued a “buy” rating and a $26.00 price target on the stock. Zacks Investment Research cut shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 15th. Finally, TheStreet cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.75.
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. These 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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