ACI Worldwide, Inc. (ACIW) Shares Sold by Ironwood Investment Management LLC
Ironwood Investment Management LLC reduced its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 15.9% during the third quarter, Holdings Channel reports. The firm owned 47,801 shares of the company’s stock after selling 9,025 shares during the period. Ironwood Investment Management LLC’s holdings in ACI Worldwide were worth $926,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in ACIW. Dimensional Fund Advisors LP raised its position in shares of ACI Worldwide by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,555,779 shares of the company’s stock valued at $49,862,000 after buying an additional 8,733 shares during the period. Teacher Retirement System of Texas raised its position in shares of ACI Worldwide by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 16,615 shares of the company’s stock worth $324,000 after buying an additional 2,002 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of ACI Worldwide by 0.4% in the second quarter. Nationwide Fund Advisors now owns 661,657 shares of the company’s stock worth $12,909,000 after buying an additional 2,771 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of ACI Worldwide by 47.0% in the second quarter. JPMorgan Chase & Co. now owns 323,799 shares of the company’s stock worth $6,318,000 after buying an additional 103,492 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of ACI Worldwide by 26.5% in the second quarter. Ameriprise Financial Inc. now owns 733,475 shares of the company’s stock worth $14,312,000 after buying an additional 153,481 shares during the last quarter. 99.86% of the stock is owned by institutional investors.
Shares of ACI Worldwide, Inc. (NASDAQ:ACIW) traded up 1.60% during trading on Friday, reaching $19.09. 270,448 shares of the company were exchanged. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 21.23 and a beta of 1.47. ACI Worldwide, Inc. has a 52-week low of $15.07 and a 52-week high of $22.00. The stock’s 50-day moving average is $18.67 and its 200-day moving average is $18.91.
ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, November 3rd. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.20. ACI Worldwide had a return on equity of 4.27% and a net margin of 10.97%. The company earned $217 million during the quarter, compared to the consensus estimate of $246.61 million. During the same quarter last year, the company posted $0.13 earnings per share. The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. Equities research analysts predict that ACI Worldwide, Inc. will post $0.41 earnings per share for the current fiscal year.
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A number of brokerages recently weighed in on ACIW. Zacks Investment Research raised shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research note on Friday. Stephens raised shares of ACI Worldwide from an “equal weight” rating to an “overweight” rating in a research note on Thursday, November 3rd. Finally, Monness Crespi & Hardt reduced their target price on shares of ACI Worldwide from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, November 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $22.67.
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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