Argent Capital Management LLC lessened its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 6.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 13,475 shares of the technology company’s stock after selling 867 shares during the period. Argent Capital Management LLC’s holdings in ACI Worldwide were worth $513,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Financial Enhancement Group LLC purchased a new stake in ACI Worldwide in the 4th quarter worth approximately $44,000. Marshall Wace LLP acquired a new stake in shares of ACI Worldwide during the first quarter worth $49,000. LS Investment Advisors LLC purchased a new stake in shares of ACI Worldwide in the fourth quarter valued at $229,000. Vident Investment Advisory LLC acquired a new position in ACI Worldwide in the fourth quarter valued at $257,000. Finally, Simmons Bank purchased a new position in ACI Worldwide during the fourth quarter worth about $272,000. 95.89% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Janet O. Estep sold 12,800 shares of ACI Worldwide stock in a transaction on Monday, June 7th. The shares were sold at an average price of $38.84, for a total transaction of $497,152.00. Following the transaction, the director now owns 48,933 shares in the company, valued at approximately $1,900,557.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeremy Wilmot sold 22,879 shares of the company’s stock in a transaction on Wednesday, May 12th. The stock was sold at an average price of $38.67, for a total transaction of $884,730.93. The disclosure for this sale can be found here. Insiders sold a total of 68,138 shares of company stock worth $2,645,836 over the last ninety days. Corporate insiders own 1.84% of the company’s stock.
ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results on Wednesday, May 5th. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.10. The firm had revenue of $285.19 million during the quarter, compared to analyst estimates of $276.65 million. ACI Worldwide had a net margin of 7.39% and a return on equity of 16.17%. ACI Worldwide’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.21) earnings per share.
ACI Worldwide Profile
ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating electronic payments to banks, financial intermediaries, merchants, and billers worldwide. The company offers ACI Acquiring, a merchant management system to deliver digital innovation, improve fraud prevention, and reduce interchange fees; ACI Issuing, a digital payments issuing solution; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.
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