New York State Teachers Retirement System Buys 10,900 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

New York State Teachers Retirement System grew its stake in ACI Worldwide, Inc. (NASDAQ:ACIWGet Rating) by 6.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 170,398 shares of the technology company’s stock after acquiring an additional 10,900 shares during the period. New York State Teachers Retirement System owned 0.15% of ACI Worldwide worth $3,561,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Comerica Bank raised its stake in shares of ACI Worldwide by 44.1% in the third quarter. Comerica Bank now owns 176,813 shares of the technology company’s stock worth $4,042,000 after acquiring an additional 54,089 shares during the last quarter. Granite Investment Partners LLC raised its stake in shares of ACI Worldwide by 192.7% in the third quarter. Granite Investment Partners LLC now owns 267,356 shares of the technology company’s stock worth $5,588,000 after acquiring an additional 176,030 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of ACI Worldwide during the third quarter worth approximately $633,000. Kopion Asset Management LLC raised its stake in shares of ACI Worldwide by 11.4% during the third quarter. Kopion Asset Management LLC now owns 221,266 shares of the technology company’s stock worth $4,624,000 after buying an additional 22,614 shares during the last quarter. Finally, WCM Investment Management LLC raised its stake in shares of ACI Worldwide by 3.5% during the third quarter. WCM Investment Management LLC now owns 431,973 shares of the technology company’s stock worth $9,102,000 after buying an additional 14,764 shares during the last quarter. 97.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ACIW. Needham & Company LLC downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. DA Davidson dropped their price target on shares of ACI Worldwide to $32.00 in a research note on Thursday, October 13th. StockNews.com began coverage on shares of ACI Worldwide in a research note on Wednesday, October 12th. They set a “hold” rating for the company. BTIG Research dropped their price target on shares of ACI Worldwide from $46.00 to $31.00 in a research note on Wednesday, November 2nd. Finally, Craig Hallum decreased their price objective on shares of ACI Worldwide from $38.00 to $30.00 in a report on Thursday, November 3rd.

ACI Worldwide Stock Down 0.3 %

Shares of NASDAQ ACIW opened at $26.88 on Tuesday. The stock has a market cap of $3.02 billion, a P/E ratio of 19.48 and a beta of 1.02. The firm has a 50 day moving average price of $22.14 and a 200 day moving average price of $23.42. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.21 and a current ratio of 1.21. ACI Worldwide, Inc. has a 52-week low of $19.68 and a 52-week high of $35.30.

ACI Worldwide (NASDAQ:ACIWGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The technology company reported $0.06 earnings per share for the quarter. The company had revenue of $306.59 million during the quarter. ACI Worldwide had a net margin of 11.23% and a return on equity of 15.27%. Analysts expect that ACI Worldwide, Inc. will post 1.74 EPS for the current year.

About ACI Worldwide

(Get Rating)

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments to banks, 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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Institutional Ownership by Quarter for ACI Worldwide (NASDAQ:ACIW)

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