State Board of Administration of Florida Retirement System boosted its holdings in ACI Worldwide Inc (NASDAQ:ACIW) by 8.7% in the 1st quarter, HoldingsChannel reports. The fund owned 94,315 shares of the technology company’s stock after acquiring an additional 7,549 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in ACI Worldwide were worth $3,100,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in ACI Worldwide in the 4th quarter worth $179,000. BB&T Corp raised its position in ACI Worldwide by 9.9% in the 4th quarter. BB&T Corp now owns 10,476 shares of the technology company’s stock worth $290,000 after purchasing an additional 945 shares during the period. Strs Ohio raised its position in ACI Worldwide by 31.9% in the 4th quarter. Strs Ohio now owns 12,400 shares of the technology company’s stock worth $343,000 after purchasing an additional 3,000 shares during the period. First Quadrant L P CA purchased a new position in ACI Worldwide in the 4th quarter worth $239,000. Finally, NJ State Employees Deferred Compensation Plan raised its position in ACI Worldwide by 40.0% in the 4th quarter. NJ State Employees Deferred Compensation Plan now owns 14,000 shares of the technology company’s stock worth $387,000 after purchasing an additional 4,000 shares during the period.

A number of equities analysts recently commented on the stock. TheStreet cut shares of ACI Worldwide from an “a-” rating to a “c+” rating in a research report on Thursday, May 9th. BidaskClub cut shares of ACI Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 9th. Zacks Investment Research cut shares of ACI Worldwide from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, May 14th. Finally, Stephens upgraded shares of ACI Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $30.00 to $38.00 in a research report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. ACI Worldwide has a consensus rating of “Hold” and an average price target of $34.00.

ACIW stock opened at $32.03 on Friday. ACI Worldwide Inc has a 12-month low of $23.67 and a 12-month high of $35.86. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 28.86, a PEG ratio of 4.04 and a beta of 1.18. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.97 and a current ratio of 1.97.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, May 9th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). ACI Worldwide had a net margin of 6.20% and a return on equity of 8.39%. The firm had revenue of $205.90 million during the quarter, compared to analysts’ expectations of $213.05 million. During the same quarter in the previous year, the firm posted ($0.17) EPS. ACI Worldwide’s revenue was down 1.6% compared to the same quarter last year. As a group, equities analysts predict that ACI Worldwide Inc will post 0.65 EPS for the current year.

In other ACI Worldwide news, CEO Philip G. Heasley sold 166,572 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $32.28, for a total value of $5,376,944.16. Following the transaction, the chief executive officer now owns 1,441,533 shares in the company, valued at $46,532,685.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.49% of the stock is currently owned by insiders.

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About ACI Worldwide

ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.

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Institutional Ownership by Quarter for ACI Worldwide (NASDAQ:ACIW)

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