State Treasurer State of Michigan boosted its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,650 shares of the technology company’s stock after buying an additional 1,000 shares during the period. State Treasurer State of Michigan’s holdings in ACI Worldwide were worth $1,088,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aperio Group LLC increased its position in shares of ACI Worldwide by 39.2% in the second quarter. Aperio Group LLC now owns 40,498 shares of the technology company’s stock valued at $906,000 after buying an additional 11,401 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of ACI Worldwide by 4.1% in the second quarter. Louisiana State Employees Retirement System now owns 30,800 shares of the technology company’s stock valued at $689,000 after buying an additional 1,200 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of ACI Worldwide by 17.4% in the second quarter. LS Investment Advisors LLC now owns 9,416 shares of the technology company’s stock valued at $211,000 after buying an additional 1,397 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of ACI Worldwide by 4.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 42,825 shares of the technology company’s stock valued at $958,000 after buying an additional 1,823 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its position in shares of ACI Worldwide by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 42,364 shares of the technology company’s stock valued at $948,000 after buying an additional 234 shares during the last quarter.
ACI Worldwide, Inc. (NASDAQ ACIW) traded up 0.14% during mid-day trading on Friday, hitting $21.29. 198,638 shares of the stock traded hands. ACI Worldwide, Inc. has a 12 month low of $15.11 and a 12 month high of $24.65. The company has a market cap of $2.52 billion, a P/E ratio of 98.56 and a beta of 1.32. The company’s 50 day moving average is $22.74 and its 200 day moving average is $21.97.
ACI Worldwide (NASDAQ:ACIW) last issued its earnings results on Thursday, July 27th. The technology company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.11. ACI Worldwide had a net margin of 2.47% and a return on equity of 8.92%. The firm had revenue of $240.60 million during the quarter, compared to analyst estimates of $225.87 million. During the same quarter in the prior year, the business earned ($0.15) earnings per share. ACI Worldwide’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts expect that ACI Worldwide, Inc. will post $0.55 earnings per share for the current fiscal year.
Several brokerages have commented on ACIW. BidaskClub raised shares of ACI Worldwide from a “sell” rating to a “hold” rating in a report on Monday. Zacks Investment Research upgraded shares of ACI Worldwide from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective on the stock in a research report on Monday, July 31st. ValuEngine upgraded shares of ACI Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, TheStreet cut shares of ACI Worldwide from a “b” rating to a “c+” rating in a research report on Friday, May 5th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. ACI Worldwide presently has an average rating of “Buy” and a consensus target price of $25.33.
In related news, Director John M. Shay, Jr. sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $23.19, for a total transaction of $463,800.00. Following the completion of the transaction, the director now owns 81,896 shares in the company, valued at $1,899,168.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.20% of the stock is currently owned by corporate insiders.
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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