State of Alaska Department of Revenue reduced its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,858 shares of the technology company’s stock after selling 759 shares during the quarter. State of Alaska Department of Revenue’s holdings in ACI Worldwide were worth $518,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Kopion Asset Management LLC grew its position in shares of ACI Worldwide by 0.3% in the 3rd quarter. Kopion Asset Management LLC now owns 206,421 shares of the technology company’s stock worth $5,394,000 after buying an additional 522 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of ACI Worldwide by 3.2% during the second quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the technology company’s stock valued at $780,000 after purchasing an additional 900 shares in the last quarter. Belpointe Asset Management LLC boosted its position in shares of ACI Worldwide by 5.2% during the second quarter. Belpointe Asset Management LLC now owns 21,251 shares of the technology company’s stock valued at $574,000 after purchasing an additional 1,050 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of ACI Worldwide by 2.6% during the second quarter. Ameritas Investment Partners Inc. now owns 43,836 shares of the technology company’s stock valued at $1,183,000 after purchasing an additional 1,119 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its position in shares of ACI Worldwide by 13.7% during the first quarter. Guggenheim Capital LLC now owns 9,624 shares of the technology company’s stock valued at $232,000 after purchasing an additional 1,158 shares in the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

In other news, EVP Dennis Byrnes sold 35,133 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $30.05, for a total value of $1,055,746.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.49% of the stock is currently owned by insiders.

Shares of NASDAQ:ACIW opened at $31.53 on Friday. The stock has a fifty day simple moving average of $27.56 and a two-hundred day simple moving average of $27.05. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 48.51 and a beta of 1.35. ACI Worldwide, Inc. has a 12-month low of $20.03 and a 12-month high of $39.37. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.18.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.17. The business had revenue of $299.91 million during the quarter, compared to analysts’ expectations of $297.37 million. ACI Worldwide had a return on equity of 8.79% and a net margin of 5.72%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.05 earnings per share.

Several equities research analysts recently weighed in on ACIW shares. Needham & Company LLC dropped their price target on ACI Worldwide from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. TheStreet upgraded ACI Worldwide from a “c+” rating to a “b-” rating in a research report on Tuesday, August 11th. Compass Point started coverage on ACI Worldwide in a research report on Wednesday, September 16th. They set a “buy” rating and a $40.00 price target on the stock. BTIG Research dropped their price target on ACI Worldwide from $37.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. They noted that the move was a valuation call. Finally, Canaccord Genuity lifted their price target on ACI Worldwide from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $37.33.

About ACI Worldwide

ACI Worldwide, Inc develops, markets, installs, and supports a range of software products and solutions for facilitating electronic payments to banks, financial intermediaries, merchants, and billers worldwide. The company offers UP Retail Payments solution that enables banks and financial intermediaries to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, such as 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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