24,900 Shares in ACI Worldwide, Inc. $ACIW Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems purchased 24,900 shares of ACI Worldwide during the second quarter, valued at approximately $1.25 million.
• Institutional ownership remains high at 94.73%, with several investment firms increasing their positions, including Millennium Management, NewEdge Advisors, Empowered Funds and UBS Asset Management.
• Analyst sentiment is generally positive: ACI Worldwide has a consensus “Buy” rating and an average price target of $66, compared with the stock’s reported price of $52.09.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 24,900 shares of the technology company's stock, valued at approximately $1,252,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ACIW. Millennium Management LLC raised its position in shares of ACI Worldwide by 160.4% during the 1st quarter. Millennium Management LLC now owns 157,816 shares of the technology company's stock worth $8,634,000 after purchasing an additional 97,206 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of ACI Worldwide by 93.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company's stock worth $81,000 after purchasing an additional 711 shares during the last quarter. Caxton Associates LLP acquired a new position in ACI Worldwide during the 1st quarter valued at approximately $259,000. Empowered Funds LLC boosted its position in ACI Worldwide by 64.2% during the 1st quarter. Empowered Funds LLC now owns 16,362 shares of the technology company's stock valued at $895,000 after purchasing an additional 6,399 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in ACI Worldwide by 13.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company's stock worth $22,285,000 after buying an additional 48,988 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on ACIW. Zacks Research raised ACI Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 20th. DA Davidson reissued a "buy" rating and set a $66.00 price target on shares of ACI Worldwide in a report on Wednesday, September 2nd. Wall Street Zen lowered shares of ACI Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Weiss Ratings cut shares of ACI Worldwide from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $66.00.

ACI Worldwide Stock Up 0.2%

ACIW opened at $52.09 on Friday. The stock's 50 day moving average price is $54.67 and its 200 day moving average price is $47.03. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market cap of $5.26 billion, a P/E ratio of 23.89 and a beta of 0.98. ACI Worldwide, Inc. has a 12 month low of $38.05 and a 12 month high of $61.08.

About ACI Worldwide

ACI Worldwide, Inc is a global provider of payment systems and software for financial institutions, merchants, billers and intermediaries. Its technology supports electronic payments across banking, retail, bill payment and other commerce applications, helping organizations process transactions and manage payment operations.

The company's offerings include real-time payment infrastructure, digital banking and account-to-account payment capabilities, merchant payment solutions, bill payment services and fraud management tools.

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