Arizona State Retirement System Decreases Stock Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Arizona State Retirement System lessened its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 30,357 shares of the technology company’s stock after selling 485 shares during the period. Arizona State Retirement System’s holdings in ACI Worldwide were worth $929,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mariner LLC boosted its position in ACI Worldwide by 3.7% during the first quarter. Mariner LLC now owns 10,994 shares of the technology company’s stock valued at $346,000 after purchasing an additional 392 shares in the last quarter. Credit Suisse AG raised its stake in shares of ACI Worldwide by 0.3% in the second quarter. Credit Suisse AG now owns 154,775 shares of the technology company’s stock worth $4,007,000 after purchasing an additional 434 shares during the last quarter. SkyView Investment Advisors LLC raised its position in ACI Worldwide by 3.8% during the third quarter. SkyView Investment Advisors LLC now owns 11,998 shares of the technology company’s stock valued at $271,000 after acquiring an additional 444 shares in the last quarter. Hsbc Holdings PLC raised its position in ACI Worldwide by 3.5% during the first quarter. Hsbc Holdings PLC now owns 13,574 shares of the technology company’s stock valued at $435,000 after acquiring an additional 456 shares in the last quarter. Finally, Legal & General Group Plc raised its position in ACI Worldwide by 0.3% during the second quarter. Legal & General Group Plc now owns 184,248 shares of the technology company’s stock valued at $4,770,000 after acquiring an additional 548 shares in the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.

ACI Worldwide Stock Down 0.3 %

ACI Worldwide stock opened at $31.40 on Wednesday. ACI Worldwide, Inc. has a twelve month low of $19.56 and a twelve month high of $33.83. The stock has a 50 day moving average of $31.72 and a two-hundred day moving average of $28.39. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 28.29 and a beta of 1.24.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Canaccord Genuity Group restated a “buy” rating and issued a $40.00 price objective on shares of ACI Worldwide in a research report on Friday, March 15th. Jefferies Financial Group assumed coverage on ACI Worldwide in a research note on Friday, March 8th. They set a “buy” rating and a $38.00 price objective on the stock. TheStreet raised ACI Worldwide from a “c” rating to a “b-” rating in a research note on Thursday, January 4th. Finally, DA Davidson reiterated a “buy” rating and issued a $39.00 price objective on shares of ACI Worldwide in a report on Thursday, March 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

ACI Worldwide 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.