18,100 ACI Worldwide, Inc. $ACIW Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• VIRGINIA RETIREMENT SYSTEMS ET Al cut its ACI Worldwide stake by 72.7% in the third quarter, selling 18,100 shares and retaining 6,800 shares valued at $332,000.
• Other institutional investors made mixed moves, and hedge funds and institutions collectively owned 94.73% of ACI Worldwide’s shares.
• ACI Worldwide reported quarterly revenue of $426.8 million, above analyst estimates, and EPS of $0.54 versus $1.09 a year earlier; analysts’ consensus rating was “Moderate Buy,” with a $61 price target.

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 72.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,800 shares of the technology company's stock after selling 18,100 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al's holdings in ACI Worldwide were worth $332,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Gibbs Wealth Management grew its holdings in shares of ACI Worldwide by 7.6% during the 3rd quarter. Gibbs Wealth Management now owns 20,329 shares of the technology company's stock valued at $994,000 after acquiring an additional 1,430 shares in the last quarter. Sterling Capital Management LLC increased its stake in shares of ACI Worldwide by 840.4% in the third quarter. Sterling Capital Management LLC now owns 3,395 shares of the technology company's stock worth $166,000 after acquiring an additional 3,034 shares during the last quarter. Inspire Investing LLC increased its stake in shares of ACI Worldwide by 374.1% in the third quarter. Inspire Investing LLC now owns 64,209 shares of the technology company's stock worth $3,139,000 after acquiring an additional 50,666 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of ACI Worldwide in the third quarter worth $42,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of ACI Worldwide by 1.1% in the third quarter. Nisa Investment Advisors LLC now owns 78,154 shares of the technology company's stock worth $3,820,000 after acquiring an additional 827 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

Wall Street Analysts Forecast Growth

ACIW has been the subject of a number of research reports. Wall Street Zen cut ACI Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Zacks Research upgraded ACI Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 20th. Weiss Ratings raised ACI Worldwide from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, October 23rd. Stephens assumed coverage on ACI Worldwide in a research report on Friday, October 16th. They issued an "equal weight" rating and a $56.00 target price on the stock. Finally, DA Davidson reaffirmed a "buy" rating and set a $66.00 price target on shares of ACI Worldwide in a research note on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.00.

ACI Worldwide Stock Performance

ACIW opened at $60.02 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 1.56. The company has a market cap of $6.06 billion, a PE ratio of 37.05 and a beta of 1.00. The stock has a 50-day moving average of $52.68 and a 200-day moving average of $47.61. ACI Worldwide, Inc. has a 52-week low of $38.05 and a 52-week high of $63.10.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The technology company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.17. ACI Worldwide had a return on equity of 13.65% and a net margin of 9.46%. The business had revenue of $426.81 million for the quarter, compared to the consensus estimate of $421.91 million. During the same period last year, the business earned $1.09 EPS. The firm's revenue was down 11.5% compared to the same quarter last year. As a group, equities research analysts forecast that ACI Worldwide, Inc. will post 2.81 earnings per share for the current fiscal year.

Trending Headlines about ACI Worldwide

Here are the key news stories impacting ACI Worldwide this week:

• Positive Sentiment: ACI reported Q3 revenue of about $426.8 million, ahead of estimates of roughly $421.9 million, and raised its full-year adjusted EBITDA outlook. ACI Worldwide reports lower Q3 revenue but raises full-year adjusted EBITDA outlook
• Neutral Sentiment: Needham reiterated its Hold rating, signaling no change in its view of the shares. Needham Reiterates Hold Rating on ACI Worldwide
• Neutral Sentiment: The company also announced a strategic acquisition, but the provided coverage does not detail its expected financial impact. ACI Worldwide Reports Third-Quarter Results and Strategic Acquisition
• Negative Sentiment: Revenue fell about 12% year over year, and EPS was $0.54 versus $1.09 a year earlier. Earnings-estimate comparisons are mixed across reports: one cites a beat against $0.37 consensus, while Zacks says results missed its $0.67 estimate. ACI Worldwide Q3 Earnings Lag Estimates

ACI Worldwide Company Profile

ACI Worldwide, Inc NASDAQ: ACIW develops and provides electronic payment software and services for merchants, banks, financial institutions, billers and other organizations. Its technology is designed to support payment acceptance, transaction processing, fraud prevention and the movement of money across digital and traditional channels.

The company's offerings include payment orchestration and acquiring solutions, real-time payments, bill payment and electronic bill presentment, fraud management, and software for retail and enterprise payment operations.

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