Louisiana State Employees Retirement System Has $2.58 Million Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Louisiana State Employees Retirement System lowered its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 4.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,600 shares of the technology company’s stock after selling 2,400 shares during the period. Louisiana State Employees Retirement System’s holdings in ACI Worldwide were worth $2,576,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ACIW. Fifth Third Bancorp lifted its position in shares of ACI Worldwide by 123.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock worth $45,000 after purchasing an additional 624 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of ACI Worldwide by 49.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock worth $52,000 after purchasing an additional 431 shares during the last quarter. CWM LLC lifted its position in shares of ACI Worldwide by 638.5% during the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company’s stock worth $52,000 after purchasing an additional 1,143 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of ACI Worldwide during the 3rd quarter worth about $112,000. Finally, USA Financial Formulas acquired a new position in shares of ACI Worldwide during the 3rd quarter worth about $114,000. Institutional investors and hedge funds own 94.74% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on ACIW. Canaccord Genuity Group boosted their price objective on ACI Worldwide from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. StockNews.com cut ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Stephens lowered ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 18th. Finally, DA Davidson boosted their price target on ACI Worldwide from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $48.75.

ACI Worldwide Trading Up 1.6 %

Shares of ACIW opened at $49.56 on Tuesday. ACI Worldwide, Inc. has a 12-month low of $19.68 and a 12-month high of $53.29. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 36.99 and a beta of 1.19. The stock’s 50-day moving average price is $49.70 and its 200 day moving average price is $42.26. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.79.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.24. ACI Worldwide had a return on equity of 19.18% and a net margin of 12.01%. The company had revenue of $373.48 million for the quarter, compared to analyst estimates of $349.95 million. As a group, research analysts predict that ACI Worldwide, Inc. will post 1.96 earnings per share for the current year.

About ACI Worldwide

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.