ACI Worldwide Inc (NASDAQ:ACIW) – Stock analysts at DA Davidson reduced their Q1 2018 earnings per share (EPS) estimates for shares of ACI Worldwide in a report issued on Thursday. DA Davidson analyst P. Heckmann now forecasts that the technology company will post earnings per share of ($0.05) for the quarter, down from their prior forecast of ($0.04). DA Davidson also issued estimates for ACI Worldwide’s Q4 2018 earnings at $0.57 EPS, FY2018 earnings at $0.54 EPS and FY2019 earnings at $0.66 EPS.
Other analysts have also recently issued research reports about the company. BidaskClub raised ACI Worldwide from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Zacks Investment Research cut ACI Worldwide from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. ACI Worldwide presently has a consensus rating of “Hold” and an average price target of $26.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. MetLife Investment Advisors LLC bought a new position in ACI Worldwide in the 4th quarter worth about $2,914,000. Belpointe Asset Management LLC increased its stake in ACI Worldwide by 33.4% in the 4th quarter. Belpointe Asset Management LLC now owns 28,231 shares of the technology company’s stock worth $640,000 after acquiring an additional 7,075 shares during the last quarter. Jane Street Group LLC increased its stake in ACI Worldwide by 84.7% in the 4th quarter. Jane Street Group LLC now owns 17,926 shares of the technology company’s stock worth $406,000 after acquiring an additional 8,218 shares during the last quarter. Meadow Creek Investment Management LLC increased its stake in ACI Worldwide by 32.7% in the 4th quarter. Meadow Creek Investment Management LLC now owns 14,784 shares of the technology company’s stock worth $335,000 after acquiring an additional 3,640 shares during the last quarter. Finally, Weitz Investment Management Inc. increased its stake in ACI Worldwide by 32.1% in the 4th quarter. Weitz Investment Management Inc. now owns 350,000 shares of the technology company’s stock worth $7,935,000 after acquiring an additional 85,000 shares during the last quarter.
In other ACI Worldwide news, EVP Anthony M. Scotto, Jr. sold 40,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $23.73, for a total value of $949,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James Mcgroddy sold 30,000 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $22.40, for a total value of $672,000.00. Following the completion of the transaction, the director now owns 76,896 shares in the company, valued at $1,722,470.40. The disclosure for this sale can be found here. Insiders have sold a total of 190,000 shares of company stock worth $4,326,300 in the last three months. 4.20% of the stock is currently owned by insiders.
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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. 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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