Zacks Investment Research cut shares of ACI Worldwide (NASDAQ:ACIW) from a hold rating to a sell rating in a research report released on Wednesday morning.
According to Zacks, “ACI Worldwide, the Universal Payments (UP) company, powers electronic payments for more than 5,000 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries as well as 300 of the leading global retailers rely on ACI to execute $14 trillion each day in payments. In addition, thousands of organizations utilize our electronic bill presentment and payment services. Through their comprehensive suite of software and SaaS-based solutions, they deliver real-time, any-to-any payments capabilities and enable the industry’s most complete omni-channel payments experience. “
Separately, BidaskClub cut shares of ACI Worldwide from a hold rating to a sell rating in a research note on Tuesday, December 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $26.00.
Shares of ACI Worldwide (NASDAQ:ACIW) traded up $0.51 during midday trading on Wednesday, hitting $23.21. 607,153 shares of the stock traded hands, compared to its average volume of 451,967. ACI Worldwide has a one year low of $18.68 and a one year high of $25.00. The stock has a market cap of $2,752.22, a PE ratio of 32.24, a PEG ratio of 4.58 and a beta of 1.30. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.16 and a quick ratio of 1.16.
ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.22. ACI Worldwide had a net margin of 3.72% and a return on equity of 11.02%. sell-side analysts forecast that ACI Worldwide will post 0.5 earnings per share for the current fiscal year.
In related news, Director James Mcgroddy sold 90,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $22.40, for a total transaction of $2,016,000.00. Following the completion of the sale, the director now directly owns 76,896 shares of the company’s stock, valued at approximately $1,722,470.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Anthony M. Scotto, Jr. sold 30,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $22.97, for a total transaction of $689,100.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 180,000 shares of company stock valued at $4,069,200. 4.20% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Voya Investment Management LLC lifted its holdings in ACI Worldwide by 12.8% in the 2nd quarter. Voya Investment Management LLC now owns 52,919 shares of the technology company’s stock worth $1,184,000 after buying an additional 6,022 shares in the last quarter. State Street Corp lifted its holdings in ACI Worldwide by 3.9% in the 2nd quarter. State Street Corp now owns 3,892,245 shares of the technology company’s stock worth $87,069,000 after buying an additional 147,535 shares in the last quarter. Comerica Bank lifted its holdings in ACI Worldwide by 16.2% in the 3rd quarter. Comerica Bank now owns 140,247 shares of the technology company’s stock worth $3,369,000 after buying an additional 19,551 shares in the last quarter. OxFORD Asset Management LLP lifted its holdings in ACI Worldwide by 542.3% in the 3rd quarter. OxFORD Asset Management LLP now owns 87,815 shares of the technology company’s stock worth $2,014,000 after buying an additional 74,142 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in ACI Worldwide by 8.5% in the 2nd quarter. Wells Fargo & Company MN now owns 967,035 shares of the technology company’s stock worth $21,632,000 after buying an additional 76,080 shares in the last quarter.
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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. Its 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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