California State Teachers Retirement System raised its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 25.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,760 shares of the technology company's stock after acquiring an additional 25,254 shares during the quarter. California State Teachers Retirement System owned approximately 0.12% of ACI Worldwide worth $5,034,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Empowered Funds LLC purchased a new position in shares of ACI Worldwide during the 1st quarter valued at $440,000. Quantinno Capital Management LP increased its holdings in ACI Worldwide by 379.9% in the first quarter. Quantinno Capital Management LP now owns 82,590 shares of the technology company's stock worth $3,387,000 after buying an additional 65,380 shares during the last quarter. Lazard Asset Management LLC raised its position in ACI Worldwide by 3.1% during the first quarter. Lazard Asset Management LLC now owns 97,260 shares of the technology company's stock valued at $3,989,000 after acquiring an additional 2,894 shares in the last quarter. North Reef Capital Management LP raised its position in ACI Worldwide by 13.2% during the first quarter. North Reef Capital Management LP now owns 2,230,000 shares of the technology company's stock valued at $91,452,000 after acquiring an additional 260,000 shares in the last quarter. Finally, Rice Hall James & Associates LLC lifted its stake in ACI Worldwide by 2.2% in the first quarter. Rice Hall James & Associates LLC now owns 1,003,356 shares of the technology company's stock valued at $41,148,000 after acquiring an additional 22,042 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.
Key Headlines Impacting ACI Worldwide
Here are the key news stories impacting ACI Worldwide this week:
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. DA Davidson upped their price objective on shares of ACI Worldwide from $60.00 to $64.00 and gave the stock a "buy" rating in a report on Wednesday, July 15th. Wall Street Zen raised shares of ACI Worldwide from a "hold" rating to a "buy" rating in a report on Saturday, July 25th. Zacks Research raised shares of ACI Worldwide from a "strong sell" rating to a "hold" rating in a report on Monday, June 1st. Finally, Weiss Ratings raised ACI Worldwide from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, ACI Worldwide has an average rating of "Hold" and an average price target of $64.00.
Read Our Latest Stock Analysis on ACIW
ACI Worldwide Stock Performance
Shares of NASDAQ:ACIW opened at $55.22 on Friday. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 27.75 and a beta of 0.97. The firm's 50 day simple moving average is $51.17 and its 200 day simple moving average is $45.11. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 1.53. ACI Worldwide, Inc. has a fifty-two week low of $38.05 and a fifty-two week high of $61.08.
ACI Worldwide (NASDAQ:ACIW - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.16. The firm had revenue of $425.75 million during the quarter, compared to analysts' expectations of $410.08 million. ACI Worldwide had a net margin of 11.51% and a return on equity of 16.76%. The business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 earnings per share. As a group, sell-side analysts forecast that ACI Worldwide, Inc. will post 2.69 earnings per share for the current year.
About ACI Worldwide
(
Free Report)
ACI Worldwide NASDAQ: ACIW is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company's platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.
ACI's modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.
See Also
Want to see what other hedge funds are holding ACIW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider ACI Worldwide, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ACI Worldwide wasn't on the list.
While ACI Worldwide currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.