Profund Advisors LLC Trims Holdings in ACI Worldwide, Inc. (ACIW)
Profund Advisors LLC lowered its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 23.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,910 shares of the technology company’s stock after selling 5,280 shares during the quarter. Profund Advisors LLC’s holdings in ACI Worldwide were worth $378,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in ACIW. Riverhead Capital Management LLC lifted its position in shares of ACI Worldwide by 62.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,157 shares of the technology company’s stock worth $138,000 after acquiring an additional 2,357 shares during the period. Quantbot Technologies LP bought a new stake in shares of ACI Worldwide in the 1st quarter worth approximately $170,000. Strs Ohio lifted its position in shares of ACI Worldwide by 113.2% in the 1st quarter. Strs Ohio now owns 8,100 shares of the technology company’s stock worth $173,000 after acquiring an additional 4,300 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of ACI Worldwide in the 1st quarter worth approximately $204,000. Finally, Trexquant Investment LP bought a new stake in shares of ACI Worldwide in the 1st quarter worth approximately $208,000.
In related news, CEO Philip G. Heasley purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average cost of $21.32 per share, for a total transaction of $106,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John M. Shay, Jr. sold 20,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 81,896 shares of the company’s stock, valued at $1,899,168.24. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.
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ACI Worldwide, Inc. (ACIW) opened at 23.42 on Friday. ACI Worldwide, Inc. has a one year low of $15.11 and a one year high of $24.65. The stock has a 50 day moving average price of $22.59 and a 200-day moving average price of $22.48. The firm has a market capitalization of $2.77 billion, a PE ratio of 108.43 and a beta of 1.34.
ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.11. The business had revenue of $240.60 million during the quarter, compared to analysts’ expectations of $225.87 million. ACI Worldwide had a return on equity of 8.92% and a net margin of 2.47%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.15) earnings per share. On average, equities analysts forecast that ACI Worldwide, Inc. will post $0.52 earnings per share for the current year.
ACIW has been the subject of a number of research reports. BidaskClub upgraded ACI Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, DA Davidson initiated coverage on ACI Worldwide in a research report on Thursday, August 31st. They issued a “buy” rating and a $26.00 price objective for the company. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. ACI Worldwide presently has a consensus rating of “Buy” and a consensus target price of $25.50.
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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