Teachers Retirement System of The State of Kentucky Has $2.44 Million Stock Position in ACI Worldwide, Inc. $ACIW

Teachers Retirement System of The State of Kentucky lowered its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 20.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 59,490 shares of the technology company’s stock after selling 15,421 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.06% of ACI Worldwide worth $2,440,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ACIW. Fifth Third Bancorp increased its holdings in ACI Worldwide by 6,606.3% in the first quarter. Fifth Third Bancorp now owns 56,266 shares of the technology company’s stock valued at $2,308,000 after purchasing an additional 55,427 shares during the period. Equitable Trust Co. lifted its holdings in ACI Worldwide by 64.3% during the 1st quarter. Equitable Trust Co. now owns 13,904 shares of the technology company’s stock worth $570,000 after buying an additional 5,440 shares during the period. Abel Hall LLC acquired a new position in ACI Worldwide during the 1st quarter worth about $459,000. Moran Wealth Management LLC grew its position in shares of ACI Worldwide by 3.5% in the 1st quarter. Moran Wealth Management LLC now owns 49,480 shares of the technology company’s stock valued at $2,029,000 after buying an additional 1,659 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of ACI Worldwide in the 1st quarter valued at about $274,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ACIW shares. Weiss Ratings raised ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Wall Street Zen cut ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. DA Davidson restated a “buy” rating and issued a $60.00 price target on shares of ACI Worldwide in a research report on Monday, May 11th. Finally, Zacks Research upgraded shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.00.

ACI Worldwide Stock Down 2.3%

Shares of NASDAQ:ACIW opened at $55.11 on Wednesday. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 27.69 and a beta of 0.98. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 1.53. The business’s 50-day moving average is $46.24 and its 200-day moving average is $43.84. ACI Worldwide, Inc. has a 1 year low of $38.05 and a 1 year high of $57.60.

ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.45 by $0.16. The company had revenue of $425.75 million for the quarter, compared to analyst estimates of $410.08 million. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 EPS. Equities research analysts predict that ACI Worldwide, Inc. will post 2.69 earnings per share for the current year.

ACI Worldwide Company 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.