Prudential Financial Inc. cut its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 58.6% during the first quarter, Holdings Channel reports. The firm owned 76,454 shares of the technology company’s stock after selling 108,150 shares during the period. Prudential Financial Inc.’s holdings in ACI Worldwide were worth $1,635,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new stake in shares of ACI Worldwide during the first quarter valued at $170,000. LS Investment Advisors LLC increased its stake in shares of ACI Worldwide by 1.2% in the first quarter. LS Investment Advisors LLC now owns 8,019 shares of the technology company’s stock valued at $172,000 after buying an additional 93 shares during the period. Strs Ohio increased its stake in shares of ACI Worldwide by 113.2% in the first quarter. Strs Ohio now owns 8,100 shares of the technology company’s stock valued at $173,000 after buying an additional 4,300 shares during the period. Trexquant Investment LP purchased a new stake in shares of ACI Worldwide during the first quarter valued at $208,000. Finally, Capstone Asset Management Co. purchased a new stake in shares of ACI Worldwide during the first quarter valued at $220,000. Institutional investors own 99.96% of the company’s stock.
ACI Worldwide, Inc. (NASDAQ ACIW) opened at 21.92 on Monday. ACI Worldwide, Inc. has a one year low of $15.11 and a one year high of $23.97. The stock has a market cap of $2.59 billion, a PE ratio of 66.22 and a beta of 1.31. The company’s 50 day moving average is $22.89 and its 200 day moving average is $21.04.
ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results on Thursday, May 4th. The technology company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.11. ACI Worldwide had a net margin of 3.80% and a return on equity of 7.34%. The firm had revenue of $231.50 million during the quarter, compared to analysts’ expectations of $217.24 million. During the same quarter in the prior year, the business earned ($0.01) EPS. ACI Worldwide’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities research analysts expect that ACI Worldwide, Inc. will post $0.47 EPS for the current year.
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Several equities research analysts have recently commented on ACIW shares. BidaskClub downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. TheStreet upgraded shares of ACI Worldwide from a “c+” rating to a “b” rating in a research note on Thursday, March 16th. ValuEngine upgraded shares of ACI Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research downgraded shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 31st. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $24.33.
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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