ACI Worldwide (NASDAQ:ACIW – Get Rating) released its quarterly results on Wednesday. The technology company reported EPS of $0.93 for the quarter, missing Thomson Reuters consensus estimate of $0.97 per ($0.04), MarketWatch Earnings reports. ACI Worldwide achieved a net margin of 6.62% and a return on equity of 14.03%. The company posted revenue of $466.80 million for the quarter, compared to $453.65 million expected by analysts. During the same period of the previous year, the company achieved EPS of $0.84. ACI Worldwide revenue for the quarter increased 20.6% compared to the same quarter last year.
Shares of the NASDAQ ACIW traded at $0.97 in Friday’s midday session, hitting $34.55. 17,275 shares of the company were traded, compared to its average volume of 610,188. ACI Worldwide has a 1-year low of $28.39 and a 1-year high of $41.16. The stock has a market capitalization of $4.06 billion, a price/earnings ratio of 47.30 and a beta of 1.09. The company has a debt ratio of 0.86, a quick ratio of 1.26 and a current ratio of 1.26. The company has a fifty-day moving average of $34.03 and a 200-day moving average of $32.51.
Separately, CTO Ram Kumar Puppala acquired 2,000 shares of the company in a deal that took place on Wednesday, December 1. The stock was purchased at an average price of $28.49 per share, for a total transaction of $56,980.00. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Additionally, CFO Scott W. Behrens sold 37,905 shares of the company in a trade that took place on Monday, December 6. The shares were sold at an average price of $31.72, for a total value of $1,202,346.60. The disclosure of this sale can be found here. 1.84% of the shares are held by insiders.
Several large investors have recently changed their positions in the stock. BlackRock Inc. increased its stake in ACI Worldwide shares by 0.6% during the 4th quarter. BlackRock Inc. now owns 14,594,900 shares of the technology company valued at $506,443,000 after acquiring an additional 82,627 shares during the period. Parametric Portfolio Associates LLC increased its stake in ACI Worldwide by 15.4% in the 4th quarter. Parametric Portfolio Associates LLC now owns 759,856 shares of the technology company worth $26,367,000 after purchasing an additional 101,377 shares during the period. Morgan Stanley increased its stake in ACI Worldwide to 98.2% in the second quarter. Morgan Stanley now owns 494,449 shares of the technology company worth $18,363,000 after purchasing an additional 244,936 shares during the period. Millennium Management LLC increased its stake in ACI Worldwide by 678.4% in the 4th quarter. Millennium Management LLC now owns 483,617 shares of the technology company worth $16,782,000 after purchasing an additional 421,489 shares during the period. Finally, Sei Investments Co. increased its stake in ACI Worldwide by 8.8% in the 4th quarter. Sei Investments Co. now owns 478,706 shares of the technology company worth $16,616,000 after purchasing 38,517 additional shares during the period. Institutional investors hold 95.56% of the company’s shares.
ACI Worldwide Company Profile (Get an evaluation)
ACI Worldwide, Inc engages in the development, marketing, installation and support of software products and solutions primarily focused on the facilitation of real-time electronic payments. It operates through the following segments: ACI on Premise and ACI on Demand. The ACI on Premise segment serves customers who manage their software on premises.
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