Louisiana State Employees Retirement System Makes New $1.87 Million Investment in ACI Worldwide, Inc. $ACIW

Louisiana State Employees Retirement System purchased a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,700 shares of the technology company’s stock, valued at approximately $1,874,000.

A number of other large investors also recently modified their holdings of ACIW. Allworth Financial LP raised its position in ACI Worldwide by 93.5% in the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after purchasing an additional 257 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of ACI Worldwide by 226.8% during the fourth quarter. Farther Finance Advisors LLC now owns 536 shares of the technology company’s stock valued at $26,000 after purchasing an additional 372 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of ACI Worldwide in the fourth quarter valued at approximately $37,000. State of Wyoming bought a new position in ACI Worldwide in the 2nd quarter valued at approximately $37,000. Finally, Geneos Wealth Management Inc. raised its holdings in ACI Worldwide by 73.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 872 shares of the technology company’s stock valued at $48,000 after buying an additional 370 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on ACIW. Zacks Research upgraded shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. DA Davidson reaffirmed a “buy” rating and set a $60.00 target price on shares of ACI Worldwide in a report on Monday, May 11th. Weiss Ratings lowered ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Finally, Wall Street Zen downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ACI Worldwide has a consensus rating of “Moderate Buy” and an average target price of $60.00.

ACI Worldwide Stock Up 1.6%

Shares of NASDAQ ACIW opened at $50.29 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. The firm has a market cap of $5.11 billion, a PE ratio of 25.27 and a beta of 1.00. The company’s fifty day simple moving average is $43.90 and its 200 day simple moving average is $43.34. ACI Worldwide, Inc. has a 12-month low of $38.05 and a 12-month high of $54.28.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.16. The firm had revenue of $425.75 million for the quarter, compared to analyst estimates of $410.08 million. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share. As a group, sell-side analysts forecast that ACI Worldwide, Inc. will post 2.59 earnings per share for the current fiscal year.

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.