California State Teachers Retirement System lessened its holdings in shares of ACI Worldwide Inc (NASDAQ:ACIW) by 2.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 175,729 shares of the technology company’s stock after selling 4,118 shares during the period. California State Teachers Retirement System owned about 0.15% of ACI Worldwide worth $5,776,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. Mackay Shields LLC acquired a new stake in shares of ACI Worldwide in the fourth quarter worth approximately $725,000. Geode Capital Management LLC boosted its position in shares of ACI Worldwide by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 1,312,504 shares of the technology company’s stock worth $36,316,000 after acquiring an additional 85,580 shares during the last quarter. Stifel Financial Corp boosted its position in shares of ACI Worldwide by 3.7% in the fourth quarter. Stifel Financial Corp now owns 31,268 shares of the technology company’s stock worth $864,000 after acquiring an additional 1,108 shares during the last quarter. Martingale Asset Management L P lifted its position in ACI Worldwide by 41.1% during the fourth quarter. Martingale Asset Management L P now owns 180,656 shares of the technology company’s stock valued at $4,999,000 after buying an additional 52,606 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in ACI Worldwide during the fourth quarter valued at approximately $429,000.
Shares of ACIW stock opened at $33.01 on Wednesday. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 4.15 and a beta of 1.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.97 and a current ratio of 1.97. ACI Worldwide Inc has a fifty-two week low of $24.02 and a fifty-two week high of $35.86.
ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). The business had revenue of $205.90 million for the quarter, compared to analyst estimates of $213.05 million. ACI Worldwide had a net margin of 6.20% and a return on equity of 8.39%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm earned ($0.17) earnings per share. As a group, equities research analysts anticipate that ACI Worldwide Inc will post 0.65 earnings per share for the current fiscal year.
ACIW has been the topic of a number of recent research reports. BidaskClub cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday. TheStreet cut shares of ACI Worldwide from an “a-” rating to a “c+” rating in a research report on Thursday, May 9th. Zacks Investment Research cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Finally, Stephens raised shares of ACI Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $30.00 to $38.00 in a research report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. ACI Worldwide presently has an average rating of “Hold” and an average price target of $34.00.
ACI Worldwide Profile
ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.
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