UBS Asset Management Americas Inc. continued to hold its stake in ACI Worldwide Inc. (NASDAQ:ACIW) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,316 shares of the company’s stock at the end of the second quarter. UBS Asset Management Americas Inc. owned about 0.06% of ACI Worldwide worth $1,392,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Silvercrest Asset Management Group LLC increased its stake 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 during the period. Renaissance Technologies LLC boosted its position in shares of ACI Worldwide by 259.3% in the first quarter. Renaissance Technologies LLC now owns 77,733 shares of the company’s stock worth $1,616,000 after buying an additional 56,100 shares during the period. Geode Capital Management LLC boosted its position in shares of ACI Worldwide by 5.3% in the first quarter. Geode Capital Management LLC now owns 825,374 shares of the company’s stock worth $17,159,000 after buying an additional 41,393 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of ACI Worldwide by 43.1% in the first quarter. Goldman Sachs Group Inc. now owns 177,330 shares of the company’s stock worth $3,687,000 after buying an additional 53,379 shares during the period. 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 period. 97.83% of the stock is currently owned by institutional investors and hedge funds.
ACI Worldwide Inc. (NASDAQ:ACIW) traded up 0.92% on Friday, reaching $18.64. 19,130 shares of the company’s stock traded hands. The stock has a 50-day moving average of $18.90 and a 200 day moving average of $19.62. The firm has a market capitalization of $2.18 billion, a P/E ratio of 16.98 and a beta of 1.41. ACI Worldwide Inc. has a 52 week low of $15.07 and a 52 week high of $24.61.
ACI Worldwide (NASDAQ:ACIW) last released 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. ACI Worldwide had a return on equity of 7.60% and a net margin of 13.20%. The firm had revenue of $219.90 million for the quarter, compared to analyst estimates of $221.17 million. During the same period in the prior year, the business earned $0.23 earnings per share. ACI Worldwide’s revenue for the quarter was down 17.3% on a year-over-year basis. On average, equities analysts expect that ACI Worldwide Inc. will post $0.54 EPS for the current fiscal year.
A number of brokerages recently weighed in on ACIW. TheStreet cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Zacks Investment Research upgraded shares of ACI Worldwide from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Monday, August 1st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently 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 firm’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $19.22, for a total transaction of $683,367.10. Following the sale, the chief financial officer now directly owns 271,554 shares of the company’s stock, valued at approximately $5,219,267.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.10% of the company’s stock.
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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