Horrell Capital Management Inc. reduced its position in shares of ACI Worldwide Inc (NASDAQ:ACIW) by 50.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,232 shares of the company’s stock after selling 5,232 shares during the period. Horrell Capital Management Inc.’s holdings in ACI Worldwide were worth $112,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in ACIW. Oregon Public Employees Retirement Fund boosted its position in shares of ACI Worldwide by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 40,402 shares of the company’s stock worth $783,000 after buying an additional 804 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of ACI Worldwide by 23.6% in the third quarter. Nisa Investment Advisors LLC now owns 62,800 shares of the company’s stock worth $1,217,000 after buying an additional 12,000 shares in the last quarter. Rice Hall James & Associates LLC boosted its position in shares of ACI Worldwide by 3.5% in the third quarter. Rice Hall James & Associates LLC now owns 371,715 shares of the company’s stock worth $7,204,000 after buying an additional 12,456 shares in the last quarter. American Capital Management Inc. purchased a new position in shares of ACI Worldwide during the third quarter worth $7,713,000. Finally, State Treasurer State of Michigan boosted its position in shares of ACI Worldwide by 0.9% in the third quarter. State Treasurer State of Michigan now owns 47,150 shares of the company’s stock worth $914,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 99.96% of the company’s stock.
ACI Worldwide Inc (NASDAQ:ACIW) traded down 1.43% during mid-day trading on Thursday, reaching $20.64. The company had a trading volume of 173,655 shares. ACI Worldwide Inc has a 12 month low of $15.11 and a 12 month high of $22.95. The stock’s 50-day moving average is $21.45 and its 200 day moving average is $19.58. The firm has a market capitalization of $2.42 billion, a P/E ratio of 18.94 and a beta of 1.48.
ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, March 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. ACI Worldwide had a return on equity of 4.27% and a net margin of 10.97%. The company earned $343 million during the quarter, compared to analyst estimates of $312.20 million. During the same quarter in the previous year, the firm posted $0.40 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts predict that ACI Worldwide Inc will post $0.44 earnings per share for the current fiscal year.
ACIW has been the subject of a number of research analyst reports. Zacks Investment Research upgraded ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Friday, January 13th. Raymond James Financial, Inc. upgraded ACI Worldwide from an “underperform” rating to an “outperform” rating and set a $25.00 price target for the company in a research report on Thursday, March 2nd. Avondale Partners cut ACI Worldwide from a “market outperform” rating to a “market perform” rating in a research report on Friday, March 3rd. Finally, TheStreet upgraded ACI Worldwide from a “c+” rating to a “b” rating in a research report on Thursday, March 16th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $23.67.
In other ACI Worldwide news, Director John M. Shay, Jr. sold 30,000 shares of the business’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $22.00, for a total transaction of $660,000.00. Following the completion of the transaction, the director now owns 80,829 shares in the company, valued at approximately $1,778,238. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.10% of the company’s stock.
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. 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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