ACI Worldwide, Inc. (NASDAQ:ACIW) Stock Holdings Boosted by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,761 shares of the technology company’s stock after acquiring an additional 2,763 shares during the quarter. New York State Teachers Retirement System owned 0.15% of ACI Worldwide worth $4,889,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ACIW. American Century Companies Inc. boosted its position in shares of ACI Worldwide by 19.6% in the first quarter. American Century Companies Inc. now owns 14,850 shares of the technology company’s stock worth $468,000 after buying an additional 2,437 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of ACI Worldwide by 37.6% in the first quarter. PNC Financial Services Group Inc. now owns 14,208 shares of the technology company’s stock worth $447,000 after buying an additional 3,885 shares during the period. Natixis Advisors L.P. boosted its position in shares of ACI Worldwide by 5.3% in the first quarter. Natixis Advisors L.P. now owns 55,677 shares of the technology company’s stock worth $1,753,000 after buying an additional 2,790 shares during the period. Bank of Montreal Can boosted its position in shares of ACI Worldwide by 6.3% in the first quarter. Bank of Montreal Can now owns 9,663 shares of the technology company’s stock worth $312,000 after buying an additional 571 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of ACI Worldwide by 1.5% in the first quarter. Rhumbline Advisers now owns 349,466 shares of the technology company’s stock worth $11,005,000 after buying an additional 5,246 shares during the period. 94.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on ACIW shares. Jefferies Financial Group initiated coverage on ACI Worldwide in a research report on Friday, March 8th. They issued a “buy” rating and a $38.00 target price for the company. TheStreet upgraded ACI Worldwide from a “c” rating to a “b-” rating in a report on Thursday, January 4th. DA Davidson reiterated a “buy” rating and set a $39.00 price objective on shares of ACI Worldwide in a report on Thursday, March 14th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $40.00 price objective on shares of ACI Worldwide in a report on Friday, March 15th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, ACI Worldwide has an average rating of “Moderate Buy” and a consensus price target of $39.00.

ACI Worldwide Trading Down 2.6 %

Shares of NASDAQ:ACIW opened at $32.00 on Friday. The company has a market cap of $3.41 billion, a P/E ratio of 28.83 and a beta of 1.24. The stock’s 50-day moving average is $31.63 and its 200-day moving average is $28.22. ACI Worldwide, Inc. has a 52-week low of $19.56 and a 52-week high of $33.83. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.36 and a current ratio of 1.36.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results on Thursday, February 29th. The technology company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.17. ACI Worldwide had a return on equity of 16.30% and a net margin of 8.37%. The company had revenue of $477.00 million for the quarter, compared to the consensus estimate of $476.43 million. During the same period last year, the business posted $0.95 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. Equities research analysts predict that ACI Worldwide, Inc. will post 1.83 earnings per share for the current year.

ACI Worldwide Company Profile

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.