Schwab Charles Investment Management Inc. raised its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 6.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 578,261 shares of the technology company’s stock after buying an additional 35,397 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.49% of ACI Worldwide worth $12,370,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of ACIW. Quantbot Technologies LP acquired a new stake in shares of ACI Worldwide during the first quarter worth about $170,000. LS Investment Advisors LLC raised 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 worth $172,000 after buying an additional 93 shares during the last quarter. Strs Ohio raised 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 worth $173,000 after buying an additional 4,300 shares during the last quarter. Teacher Retirement System of Texas bought a new position in ACI Worldwide during the first quarter valued at approximately $204,000. Finally, Trexquant Investment LP bought a new position in ACI Worldwide during the first quarter valued at approximately $208,000.
Shares of ACI Worldwide, Inc. (NASDAQ ACIW) traded up 2.95% on Monday, hitting $22.00. 366,891 shares of the company were exchanged. The stock has a market capitalization of $2.60 billion, a PE ratio of 101.85 and a beta of 1.32. ACI Worldwide, Inc. has a 52-week low of $15.11 and a 52-week high of $24.65. The firm’s 50-day moving average is $22.87 and its 200-day moving average is $21.91.
ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, July 27th. The technology company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.11. The firm had revenue of $240.60 million for the quarter, compared to analyst estimates of $225.87 million. ACI Worldwide had a net margin of 2.47% and a return on equity of 8.92%. ACI Worldwide’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.15) earnings per share. Equities research analysts predict that ACI Worldwide, Inc. will post $0.55 earnings per share for the current year.
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Several research analysts have commented on the stock. BidaskClub downgraded shares of ACI Worldwide from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Zacks Investment Research raised shares of ACI Worldwide from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective for the company in a report on Monday, July 31st. ValuEngine raised shares of ACI Worldwide from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, TheStreet downgraded shares of ACI Worldwide from a “b” rating to a “c+” rating in a report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. ACI Worldwide presently has a consensus rating of “Buy” and an average target price of $25.33.
In other ACI Worldwide news, Director John M. Shay, Jr. sold 20,000 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $1,899,168.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.20% of the company’s stock.
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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