Strs Ohio Has $475,000 Stock Holdings in ACI Worldwide, Inc. $ACIW

Strs Ohio decreased its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 62.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,000 shares of the technology company’s stock after selling 14,800 shares during the quarter. Strs Ohio’s holdings in ACI Worldwide were worth $475,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ACIW. Millennium Management LLC grew its position in shares of ACI Worldwide by 160.4% in the 1st quarter. Millennium Management LLC now owns 157,816 shares of the technology company’s stock valued at $8,634,000 after acquiring an additional 97,206 shares during the period. NewEdge Advisors LLC boosted its stake in shares of ACI Worldwide by 93.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock worth $81,000 after acquiring an additional 711 shares during the period. Caxton Associates LLP bought a new position in shares of ACI Worldwide during the 1st quarter worth approximately $259,000. Empowered Funds LLC increased its holdings in shares of ACI Worldwide by 64.2% during the 1st quarter. Empowered Funds LLC now owns 16,362 shares of the technology company’s stock worth $895,000 after acquiring an additional 6,399 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in ACI Worldwide by 13.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company’s stock valued at $22,285,000 after acquiring an additional 48,988 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analysts Set New Price Targets

ACIW has been the subject of a number of research analyst reports. DA Davidson reaffirmed a “buy” rating and set a $60.00 price objective on shares of ACI Worldwide in a research report on Thursday, October 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ACI Worldwide in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, ACI Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

ACI Worldwide Price Performance

Shares of ACI Worldwide stock opened at $43.36 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 17.48 and a beta of 1.05. ACI Worldwide, Inc. has a twelve month low of $40.45 and a twelve month high of $58.14. The company has a 50-day simple moving average of $46.30 and a two-hundred day simple moving average of $47.63.

ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, November 6th. The technology company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.99 by $0.10. The company had revenue of $482.36 million for the quarter, compared to analysts’ expectations of $465.09 million. ACI Worldwide had a net margin of 15.07% and a return on equity of 18.97%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $0.77 earnings per share. Analysts forecast that ACI Worldwide, Inc. will post 2 EPS for the current year.

Insider Activity

In related news, CTO Abraham Kuruvilla sold 4,210 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $47.69, for a total value of $200,774.90. Following the transaction, the chief technology officer owned 96,897 shares in the company, valued at approximately $4,621,017.93. This trade represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

ACI Worldwide Profile

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.