ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 210,110 shares of the technology company’s stock after selling 14,247 shares during the quarter. California Public Employees Retirement System owned approximately 0.19% of ACI Worldwide worth $6,429,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Covestor Ltd raised its stake in 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 purchasing an additional 818 shares during the last quarter. Strs Ohio boosted its position in ACI Worldwide by 142.9% during the third quarter. Strs Ohio now owns 1,700 shares of the technology company’s stock worth $38,000 after acquiring an additional 1,000 shares during the last quarter. SkyView Investment Advisors LLC grew its stake in ACI Worldwide by 3.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 11,998 shares of the technology company’s stock worth $271,000 after acquiring an additional 444 shares during the period. Assetmark Inc. raised its holdings in 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 last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of ACI Worldwide by 87.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 13,455 shares of the technology company’s stock worth $304,000 after purchasing an additional 6,264 shares during the period. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

ACI Worldwide Stock Down 1.0 %

Shares of NASDAQ:ACIW opened at $35.12 on Friday. ACI Worldwide, Inc. has a 1 year low of $19.56 and a 1 year high of $36.37. The stock has a 50-day simple moving average of $32.41 and a 200-day simple moving average of $29.44. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.36 and a current ratio of 1.37. The stock has a market capitalization of $3.73 billion, a P/E ratio of 26.21 and a beta of 1.20.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data 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 company had revenue of $477.00 million during the quarter, compared to the consensus estimate of $476.43 million. ACI Worldwide had a net margin of 9.88% and a return on equity of 17.31%. ACI Worldwide’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 earnings per share. Equities analysts forecast that ACI Worldwide, Inc. will post 1.83 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on ACIW shares. StockNews.com upgraded ACI Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday. Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a research note on Wednesday. Jefferies Financial Group initiated coverage on shares of ACI Worldwide in a research report on Friday, March 8th. They issued a “buy” rating and a $38.00 target price on the stock. DA Davidson upped their price target on shares of ACI Worldwide from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $40.00 price target on shares of ACI Worldwide in a report on Friday, March 15th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, ACI Worldwide presently has an average rating of “Moderate Buy” and a consensus target price of $40.00.

About ACI Worldwide

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.