Arizona State Retirement System Has $929,000 Stake in ACI Worldwide, Inc. (NASDAQ:ACIW)

Arizona State Retirement System decreased its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,357 shares of the technology company’s stock after selling 485 shares during the quarter. Arizona State Retirement System’s holdings in ACI Worldwide were worth $929,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Covestor Ltd boosted its holdings in ACI Worldwide by 136.6% during the third quarter. Covestor Ltd now owns 1,417 shares of the technology company’s stock worth $32,000 after purchasing an additional 818 shares during the last quarter. Strs Ohio lifted its stake in ACI Worldwide by 142.9% in the third quarter. Strs Ohio now owns 1,700 shares of the technology company’s stock valued at $38,000 after acquiring an additional 1,000 shares during the last quarter. FMR LLC lifted its stake in ACI Worldwide by 26.2% in the first quarter. FMR LLC now owns 3,312 shares of the technology company’s stock valued at $89,000 after acquiring an additional 688 shares during the last quarter. Point72 Hong Kong Ltd lifted its stake in ACI Worldwide by 84.3% in the first quarter. Point72 Hong Kong Ltd now owns 4,605 shares of the technology company’s stock valued at $145,000 after acquiring an additional 2,106 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in ACI Worldwide in the first quarter valued at $146,000. Institutional investors and hedge funds own 94.74% of the company’s stock.

ACI Worldwide Trading Down 0.3 %

Shares of ACI Worldwide stock opened at $31.40 on Wednesday. The firm has a market capitalization of $3.34 billion, a PE ratio of 28.29 and a beta of 1.24. 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 firm’s 50 day moving average is $31.72 and its 200 day moving average is $28.39. ACI Worldwide, Inc. has a 1 year low of $19.56 and a 1 year high of $33.83.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on ACIW shares. TheStreet upgraded shares of ACI Worldwide from a “c” rating to a “b-” rating in a research note on Thursday, January 4th. Jefferies Financial Group started coverage on shares of ACI Worldwide in a research note on Friday, March 8th. They set a “buy” rating and a $38.00 target price for the company. DA Davidson reaffirmed a “buy” rating and set a $39.00 price target on shares of ACI Worldwide in a research report on Thursday, March 14th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $40.00 price target on shares of ACI Worldwide in a research report on Friday, March 15th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, ACI Worldwide presently has an average 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.