Bank of New York Mellon Corp reduced its position in ACI Worldwide Inc (NASDAQ:ACIW) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,369,116 shares of the technology company’s stock after selling 22,602 shares during the period. Bank of New York Mellon Corp’s holdings in ACI Worldwide were worth $33,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cowen Prime Services LLC acquired a new position in ACI Worldwide during the second quarter worth $123,000. Horrell Capital Management Inc. acquired a new position in ACI Worldwide during the second quarter worth $129,000. First Republic Investment Management Inc. acquired a new position in ACI Worldwide during the second quarter worth $208,000. Eqis Capital Management Inc. acquired a new position in ACI Worldwide during the second quarter worth $325,000. Finally, Cubist Systematic Strategies LLC acquired a new position in ACI Worldwide during the second quarter worth $332,000.
A number of equities analysts have weighed in on ACIW shares. Zacks Investment Research cut shares of ACI Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. BidaskClub upgraded shares of ACI Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 10th. Finally, Credit Suisse Group upped their price objective on shares of ACI Worldwide from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 12th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $30.00.
ACI Worldwide (NASDAQ:ACIW) last issued its earnings results on Thursday, November 8th. The technology company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.19. The business had revenue of $245.50 million during the quarter, compared to analysts’ expectations of $232.31 million. ACI Worldwide had a net margin of 1.42% and a return on equity of 7.42%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.08) earnings per share. As a group, equities research analysts predict that ACI Worldwide Inc will post 0.87 EPS for the current fiscal year.
In other news, CEO Philip G. Heasley sold 100,000 shares of the stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $29.79, for a total value of $2,979,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,302,228 shares in the company, valued at $38,793,372.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.42% of the stock is owned by corporate insiders.
ACI Worldwide Company Profile
ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.
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