State of Alaska Department of Revenue Decreases Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

State of Alaska Department of Revenue lowered its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,723 shares of the technology company’s stock after selling 2,183 shares during the period. State of Alaska Department of Revenue owned about 0.06% of ACI Worldwide worth $3,039,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ACIW. Mirae Asset Global Investments Co. Ltd. grew its position in shares of ACI Worldwide by 11.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 201,447 shares of the technology company’s stock valued at $6,690,000 after acquiring an additional 20,364 shares during the period. BNP Paribas Financial Markets grew its holdings in ACI Worldwide by 8.9% during the first quarter. BNP Paribas Financial Markets now owns 91,747 shares of the technology company’s stock valued at $3,047,000 after purchasing an additional 7,466 shares during the period. Janney Montgomery Scott LLC increased its position in ACI Worldwide by 40.2% in the first quarter. Janney Montgomery Scott LLC now owns 11,538 shares of the technology company’s stock worth $383,000 after buying an additional 3,307 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of ACI Worldwide in the first quarter valued at $846,000. Finally, Texas Permanent School Fund Corp lifted its position in shares of ACI Worldwide by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 95,153 shares of the technology company’s stock valued at $3,160,000 after buying an additional 1,231 shares during the last quarter. Institutional investors own 94.74% of the company’s stock.

Analysts Set New Price Targets

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

ACI Worldwide Price Performance

ACIW stock opened at $49.20 on Friday. The firm has a 50 day moving average of $49.78 and a 200-day moving average of $42.44. The firm has a market capitalization of $5.19 billion, a P/E ratio of 36.72 and a beta of 1.19. ACI Worldwide, Inc. has a 12 month low of $19.68 and a 12 month high of $53.29. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.79.

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

ACI Worldwide Company Profile

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.