ACI Worldwide stock splits

NAPLES — ACI Worldwide's shares split 3-for-1 on Thursday and began trading at the adjusted price on Friday.

Shares of the Naples-based bank payment-processing company traded at the new split-adjusted price of about $18 a share on Friday after investors received two additional shares for each share they owned as of June 30.

The stock trades on the Nasdaq stock market under the symbol ACIW. Following the split, the company has approximately 118 million common shares outstanding.

“Splitting the stock is consistent with the board's and management's confidence in ACI Worldwide's continued strong growth and cash flows. A stock split also makes the price of the company's stock more affordable and potentially more attractive to new investors,” the company says in a statement.

For the quarter ending March 31, ACI posted net loss of $5.8 million on revenues of $221.4 million. The company provides electronic payment processing and banking to more than 5,000 financial institutions, retailers, billers and processors around the world.