Brown Advisory Inc. decreased its position in ACI Worldwide Inc. (NASDAQ:ACIW) by 23.0% during the second quarter, Holdings Channel reports. The institutional investor owned 12,168 shares of the company’s stock after selling 3,631 shares during the period. Brown Advisory Inc.’s holdings in ACI Worldwide were worth $237,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Fuller & Thaler Asset Management Inc. increased its position in ACI Worldwide by 20.3% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 5,956,752 shares of the company’s stock worth $116,216,000 after buying an additional 1,003,845 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in ACI Worldwide by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,388,903 shares of the company’s stock worth $70,455,000 after buying an additional 30,654 shares in the last quarter. Silvercrest Asset Management Group LLC increased its position in ACI Worldwide by 1.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 3,027,486 shares of the company’s stock worth $62,942,000 after buying an additional 44,684 shares in the last quarter. Dimensional Fund Advisors LP increased its position in ACI Worldwide by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,555,779 shares of the company’s stock worth $49,862,000 after buying an additional 8,733 shares in the last quarter. Finally, TimesSquare Capital Management LLC increased its position in ACI Worldwide by 7.2% in the first quarter. TimesSquare Capital Management LLC now owns 2,014,250 shares of the company’s stock worth $41,876,000 after buying an additional 135,250 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.
ACI Worldwide Inc. (NASDAQ:ACIW) traded down 1.1167% on Friday, reaching $19.4899. 23,816 shares of the company’s stock traded hands. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 17.7504 and a beta of 1.41. The company’s 50 day moving average is $18.81 and its 200-day moving average is $19.65. ACI Worldwide Inc. has a 52-week low of $15.07 and a 52-week high of $24.61.
ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by $0.06. ACI Worldwide had a net margin of 13.20% and a return on equity of 7.60%. The company earned $219.90 million during the quarter, compared to the consensus estimate of $221.17 million. During the same period last year, the firm posted $0.23 earnings per share. The company’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 EPS for the current year.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 15th. Monness Crespi & Hardt assumed coverage on shares of ACI Worldwide in a research note on Wednesday, June 15th. They issued a “buy” rating and a $26.00 target price for the company. Finally, TheStreet downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $23.75.
In other ACI Worldwide news, CFO Scott W. Behrens sold 35,555 shares of ACI Worldwide stock in a transaction on Friday, September 30th. The shares were sold at an average price of $19.22, for a total value of $683,367.10. Following the completion of the sale, the chief financial officer now directly owns 271,554 shares of the company’s stock, valued at $5,219,267.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.10% of the stock is currently owned by company insiders.
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. 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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