Meeder Asset Management Inc. boosted its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,364 shares of the technology company’s stock after buying an additional 234 shares during the period. Meeder Asset Management Inc.’s holdings in ACI Worldwide were worth $948,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in ACIW. Rice Hall James & Associates LLC increased its stake in ACI Worldwide by 1.3% in the first quarter. Rice Hall James & Associates LLC now owns 373,163 shares of the technology company’s stock worth $7,982,000 after buying an additional 4,857 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in ACI Worldwide by 30.8% in the first quarter. Nisa Investment Advisors LLC now owns 82,140 shares of the technology company’s stock worth $1,757,000 after buying an additional 19,340 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in ACI Worldwide by 3.0% in the first quarter. Conestoga Capital Advisors LLC now owns 1,608,430 shares of the technology company’s stock worth $34,404,000 after buying an additional 46,357 shares in the last quarter. Palisade Capital Management LLC NJ increased its stake in ACI Worldwide by 5.6% in the first quarter. Palisade Capital Management LLC NJ now owns 991,366 shares of the technology company’s stock worth $21,205,000 after buying an additional 52,852 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in ACI Worldwide by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 29,600 shares of the technology company’s stock worth $633,000 after buying an additional 600 shares in the last quarter.
ACI Worldwide, Inc. (NASDAQ ACIW) traded up 0.33% during mid-day trading on Friday, reaching $21.37. The company’s stock had a trading volume of 237,711 shares. The firm has a market capitalization of $2.53 billion, a PE ratio of 98.94 and a beta of 1.32. The stock’s 50-day moving average is $22.92 and its 200-day moving average is $21.89. ACI Worldwide, Inc. has a 12 month low of $15.11 and a 12 month high of $24.65.
ACI Worldwide (NASDAQ:ACIW) last posted its earnings results on Thursday, July 27th. The technology company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.11. ACI Worldwide had a net margin of 2.47% and a return on equity of 8.92%. The company had revenue of $240.60 million for the quarter, compared to analyst estimates of $225.87 million. During the same period last year, the business posted ($0.15) earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities analysts anticipate that ACI Worldwide, Inc. will post $0.55 EPS for the current year.
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Several equities research analysts recently issued reports on ACIW shares. TheStreet downgraded ACI Worldwide from a “b” rating to a “c+” rating in a report on Friday, May 5th. BidaskClub downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a report on Friday, June 16th. ValuEngine upgraded ACI Worldwide from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research upgraded ACI Worldwide from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $25.33.
In related news, Director John M. Shay, Jr. sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $23.19, for a total transaction of $463,800.00. Following the sale, the director now directly owns 81,896 shares in the company, valued at $1,899,168.24. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 4.20% of the company’s stock.
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. 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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