Texas Permanent School Fund Boosts Stake in ACI Worldwide, Inc. (ACIW)
Texas Permanent School Fund raised its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,183 shares of the technology company’s stock after buying an additional 1,265 shares during the period. Texas Permanent School Fund’s holdings in ACI Worldwide were worth $1,928,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of ACI Worldwide during the first quarter valued at about $170,000. LS Investment Advisors LLC increased its position in shares of ACI Worldwide by 1.2% in the first quarter. LS Investment Advisors LLC now owns 8,019 shares of the technology company’s stock valued at $172,000 after buying an additional 93 shares during the last quarter. Strs Ohio increased its position in shares of ACI Worldwide by 113.2% in the first quarter. Strs Ohio now owns 8,100 shares of the technology company’s stock valued at $173,000 after buying an additional 4,300 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of ACI Worldwide during the first quarter valued at about $204,000. Finally, Trexquant Investment LP acquired a new position in shares of ACI Worldwide during the first quarter valued at about $208,000.
Shares of ACI Worldwide, Inc. (ACIW) opened at 21.37 on Friday. The company has a 50 day moving average of $22.87 and a 200 day moving average of $21.91. The firm has a market cap of $2.53 billion, a PE ratio of 98.94 and a beta of 1.32. ACI Worldwide, Inc. has a 52 week low of $15.11 and a 52 week high of $24.65.
ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.11. The business had revenue of $240.60 million during the quarter, compared to the consensus estimate of $225.87 million. ACI Worldwide had a net margin of 2.47% and a return on equity of 8.92%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.15) earnings per share. On average, equities research analysts anticipate that ACI Worldwide, Inc. will post $0.55 EPS for the current fiscal year.
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Several research analysts have issued reports on ACIW shares. BidaskClub raised shares of ACI Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research upgraded shares of ACI Worldwide from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, May 2nd. TheStreet cut shares of ACI Worldwide from a “b” rating to a “c+” rating in a research note on Friday, May 5th. Finally, ValuEngine upgraded shares of ACI Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $25.33.
In related news, Director John M. Shay, Jr. sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $23.19, for a total value of $463,800.00. Following the completion of the sale, the director now owns 81,896 shares of the company’s stock, valued at $1,899,168.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.20% of the company’s stock.
ACI Worldwide Company Profile
ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.
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