Strs Ohio Has $475,000 Stock Holdings in ACI Worldwide, Inc. $ACIW

Strs Ohio reduced its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 62.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,000 shares of the technology company’s stock after selling 14,800 shares during the period. Strs Ohio’s holdings in ACI Worldwide were worth $475,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ACIW. Congress Asset Management Co. boosted its holdings in shares of ACI Worldwide by 13.1% during the 3rd quarter. Congress Asset Management Co. now owns 1,338,179 shares of the technology company’s stock valued at $70,616,000 after acquiring an additional 154,817 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in ACI Worldwide by 4.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 224,171 shares of the technology company’s stock worth $10,292,000 after purchasing an additional 8,597 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in ACI Worldwide by 19.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,014,534 shares of the technology company’s stock valued at $53,537,000 after purchasing an additional 162,427 shares during the last quarter. Reinhart Partners LLC. boosted its stake in shares of ACI Worldwide by 3.7% during the third quarter. Reinhart Partners LLC. now owns 1,023,938 shares of the technology company’s stock valued at $54,034,000 after purchasing an additional 36,897 shares in the last quarter. Finally, Capital Fund Management S.A. grew its holdings in shares of ACI Worldwide by 242.4% during the second quarter. Capital Fund Management S.A. now owns 46,412 shares of the technology company’s stock worth $2,131,000 after purchasing an additional 32,858 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. DA Davidson reiterated a “buy” rating and set a $60.00 target price on shares of ACI Worldwide in a research report on Thursday, October 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of ACI Worldwide in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

ACI Worldwide Trading Up 0.4%

NASDAQ:ACIW opened at $43.36 on Friday. ACI Worldwide, Inc. has a 52 week low of $40.45 and a 52 week high of $58.14. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.58 and a current ratio of 1.58. The firm’s fifty day moving average is $46.30 and its 200-day moving average is $47.63. The firm has a market cap of $4.47 billion, a P/E ratio of 17.48 and a beta of 1.05.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, November 6th. The technology company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.10. ACI Worldwide had a net margin of 15.07% and a return on equity of 18.97%. The business had revenue of $482.36 million for the quarter, compared to analyst estimates of $465.09 million. During the same quarter in the previous year, the business earned $0.77 earnings per share. ACI Worldwide’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities analysts expect that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO Abraham Kuruvilla sold 4,210 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $47.69, for a total transaction of $200,774.90. Following the completion of the sale, the chief technology officer owned 96,897 shares of the company’s stock, valued at $4,621,017.93. This trade represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.10% of the stock is owned by corporate insiders.

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.