ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Bought by Strs Ohio

Strs Ohio increased its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 205.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,200 shares of the technology company’s stock after acquiring an additional 3,500 shares during the quarter. Strs Ohio’s holdings in ACI Worldwide were worth $159,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ACIW. Covestor Ltd increased its holdings in shares of ACI Worldwide by 136.6% in the 3rd quarter. Covestor Ltd now owns 1,417 shares of the technology company’s stock valued at $32,000 after acquiring an additional 818 shares during the period. SkyView Investment Advisors LLC increased its holdings in shares of ACI Worldwide by 3.8% in the 3rd 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 during the period. Assetmark Inc. increased its holdings in shares of ACI Worldwide by 18.2% in the 3rd quarter. Assetmark Inc. now owns 12,238 shares of the technology company’s stock valued at $276,000 after acquiring an additional 1,885 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of ACI Worldwide by 87.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 13,455 shares of the technology company’s stock valued at $304,000 after acquiring an additional 6,264 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in shares of ACI Worldwide by 93.7% in the 3rd quarter. Hsbc Holdings PLC now owns 17,821 shares of the technology company’s stock valued at $403,000 after acquiring an additional 8,622 shares during the period. 94.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on ACIW. TheStreet raised shares of ACI Worldwide from a “c” rating to a “b-” rating in a research note on Thursday, January 4th. DA Davidson reissued a “buy” rating and issued a $39.00 price objective on shares of ACI Worldwide in a research note on Thursday, March 14th. Jefferies Financial Group began coverage on shares of ACI Worldwide in a research note on Friday, March 8th. They issued a “buy” rating and a $38.00 price objective on the stock. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $40.00 price objective on shares of ACI Worldwide in a research note on Friday, March 15th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW opened at $34.10 on Wednesday. The firm has a market capitalization of $3.62 billion, a P/E ratio of 30.72 and a beta of 1.24. ACI Worldwide, Inc. has a one year low of $19.56 and a one year high of $36.37. The company’s fifty day moving average is $32.08 and its two-hundred day moving average is $29.11. 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 earnings results on Thursday, February 29th. The technology company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.10 by $0.17. The company had revenue of $477.00 million for 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 EPS. Analysts forecast that ACI Worldwide, Inc. will post 1.83 EPS for the current fiscal 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.