Bank of Montreal Can bought a new stake in shares of ACI Worldwide Inc. (NASDAQ:ACIW) during the second quarter, Holdings Channel reports. The fund bought 261,686 shares of the company’s stock, valued at approximately $5,106,000.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Aperio Group LLC boosted its position in ACI Worldwide by 2.0% in the first quarter. Aperio Group LLC now owns 14,196 shares of the company’s stock valued at $295,000 after buying an additional 281 shares during the last quarter. BlackRock Inc. boosted its position in ACI Worldwide by 4.5% in the first quarter. BlackRock Inc. now owns 45,412 shares of the company’s stock valued at $945,000 after buying an additional 1,948 shares during the last quarter. LS Investment Advisors LLC boosted its position in ACI Worldwide by 68.7% in the second quarter. LS Investment Advisors LLC now owns 6,999 shares of the company’s stock valued at $137,000 after buying an additional 2,849 shares during the last quarter. Capstone Asset Management Co. boosted its position in ACI Worldwide by 21.5% in the second quarter. Capstone Asset Management Co. now owns 16,467 shares of the company’s stock valued at $321,000 after buying an additional 2,910 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in ACI Worldwide by 4.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 189,225 shares of the company’s stock valued at $3,934,000 after buying an additional 7,710 shares during the last quarter. 97.83% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ACI Worldwide Inc. (NASDAQ:ACIW) traded up 0.48% during trading on Wednesday, hitting $18.74. 283,851 shares of the stock traded hands. ACI Worldwide Inc. has a 1-year low of $15.07 and a 1-year high of $24.61. The company has a 50 day moving average of $18.90 and a 200-day moving average of $19.64. The company has a market cap of $2.20 billion, a PE ratio of 17.07 and a beta of 1.41.
ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. The business earned $219.90 million during the quarter, compared to the consensus estimate of $221.17 million. ACI Worldwide had a net margin of 13.20% and a return on equity of 7.60%. The company’s quarterly revenue was down 17.3% compared to the same quarter last year. During the same period last year, the firm earned $0.23 EPS. On average, equities analysts anticipate that ACI Worldwide Inc. will post $0.54 EPS for the current fiscal year.
Several equities analysts have commented on the stock. TheStreet cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. 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, Monness Crespi & Hardt assumed coverage on shares of ACI Worldwide in a research note on Wednesday, June 15th. They set a “buy” rating and a $26.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $23.75.
In other ACI Worldwide news, CFO Scott W. Behrens sold 35,555 shares of the business’s 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 sale, the chief financial officer now owns 271,554 shares of the company’s stock, valued at approximately $5,219,267.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.10% of the stock is currently owned by company insiders.
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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