ACI Worldwide, Inc. (ACIW) Shares Bought by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC boosted its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 3.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 96,652 shares of the technology company’s stock after buying an additional 3,123 shares during the period. Mutual of America Capital Management LLC owned 0.08% of ACI Worldwide worth $2,162,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Oppenheimer Asset Management Inc. purchased a new stake in ACI Worldwide in the 1st quarter valued at about $280,000. Schwab Charles Investment Management Inc. increased its stake in shares of ACI Worldwide by 6.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 578,261 shares of the technology company’s stock valued at $12,370,000 after acquiring an additional 35,397 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of ACI Worldwide by 127.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 60,701 shares of the technology company’s stock worth $1,358,000 after acquiring an additional 34,050 shares during the period. Arizona State Retirement System lifted its holdings in shares of ACI Worldwide by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 49,800 shares of the technology company’s stock worth $1,114,000 after acquiring an additional 1,000 shares during the period. Finally, Tuttle Tactical Management LLC purchased a new position in shares of ACI Worldwide during the 2nd quarter worth about $287,000.
Shares of ACI Worldwide, Inc. (ACIW) opened at 23.18 on Tuesday. The stock has a market cap of $2.74 billion, a P/E ratio of 107.31 and a beta of 1.34. The firm’s 50-day moving average price is $22.48 and its 200-day moving average price is $22.46. ACI Worldwide, Inc. has a 52-week low of $15.11 and a 52-week high of $24.65.
ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, July 27th. The technology company reported $0.02 earnings per share for the quarter, beating 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 firm had revenue of $240.60 million for the quarter, compared to analyst estimates of $225.87 million. During the same quarter in the prior year, the business earned ($0.15) EPS. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities research analysts forecast that ACI Worldwide, Inc. will post $0.52 earnings per share for the current fiscal year.
In other news, Director John M. Shay, Jr. sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $23.19, for a total value of $463,800.00. Following the transaction, the director now directly owns 81,896 shares of the company’s stock, valued at $1,899,168.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Philip G. Heasley purchased 5,000 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was bought at an average cost of $21.32 per share, for a total transaction of $106,600.00. The disclosure for this purchase can be found here. Company insiders own 4.20% of the company’s stock.
Several research firms recently issued reports on ACIW. DA Davidson began coverage on shares of ACI Worldwide in a research report on Thursday, August 31st. They issued a “buy” rating and a $26.00 target price on the stock. BidaskClub upgraded shares of ACI Worldwide from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Finally, Zacks Investment Research upgraded shares of ACI Worldwide from a “hold” rating to a “strong-buy” rating and set a $27.00 target price for the company in a report on Monday, July 31st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $25.50.
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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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