ACI Worldwide Inc (ACIW) Stake Lessened by North Star Asset Management Inc.

North Star Asset Management Inc. decreased its position in ACI Worldwide Inc (NASDAQ:ACIW) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 721,844 shares of the technology company’s stock after selling 16,695 shares during the quarter. ACI Worldwide makes up approximately 1.5% of North Star Asset Management Inc.’s portfolio, making the stock its 13th largest position. North Star Asset Management Inc.’s holdings in ACI Worldwide were worth $16,364,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ACIW. Riverhead Capital Management LLC grew its stake in shares of ACI Worldwide by 62.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,157 shares of the technology company’s stock worth $138,000 after acquiring an additional 2,357 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of ACI Worldwide by 61.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,175 shares of the technology company’s stock worth $140,000 after acquiring an additional 2,352 shares in the last quarter. Contravisory Investment Management Inc. bought a new stake in shares of ACI Worldwide in the 4th quarter worth $159,000. Shelton Capital Management bought a new stake in shares of ACI Worldwide in the 3rd quarter worth $201,000. Finally, Oakbrook Investments LLC bought a new stake in shares of ACI Worldwide in the 3rd quarter worth $203,000.

Shares of ACI Worldwide Inc (NASDAQ ACIW) traded up $0.32 during trading hours on Thursday, hitting $23.76. 612,866 shares of the company were exchanged, compared to its average volume of 540,739. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.87. The stock has a market cap of $2,734.44, a P/E ratio of 72.00, a P/E/G ratio of 3.79 and a beta of 1.30. ACI Worldwide Inc has a 52 week low of $18.68 and a 52 week high of $25.00.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.22. The company had revenue of $225.74 million for the quarter, compared to the consensus estimate of $218.24 million. ACI Worldwide had a net margin of 3.72% and a return on equity of 11.02%. analysts predict that ACI Worldwide Inc will post 0.5 EPS for the current year.

Several analysts have recently issued reports on ACIW shares. Zacks Investment Research lowered shares of ACI Worldwide from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. BidaskClub lowered shares of ACI Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $26.00.

In related news, Director James Mcgroddy sold 30,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $23.07, for a total value of $692,100.00. Following the transaction, the director now directly owns 88,896 shares of the company’s stock, valued at approximately $2,050,830.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 180,000 shares of company stock worth $4,069,200 over the last three months. 4.20% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: This news story was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://sportsperspectives.com/2018/02/01/aci-worldwide-inc-aciw-stake-lessened-by-north-star-asset-management-inc.html.

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.

Want to see what other hedge funds are holding ACIW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ACI Worldwide Inc (NASDAQ:ACIW).

Institutional Ownership by Quarter for ACI Worldwide (NASDAQ:ACIW)

Receive News & Ratings for ACI Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACI Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply