Teacher Retirement System of Texas Reduces Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Teacher Retirement System of Texas cut its stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 45.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,966 shares of the technology company's stock after selling 58,588 shares during the period. Teacher Retirement System of Texas owned 0.07% of ACI Worldwide worth $3,828,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ACIW. Norges Bank acquired a new stake in ACI Worldwide in the 4th quarter worth approximately $75,868,000. American Century Companies Inc. lifted its stake in ACI Worldwide by 206.2% during the 4th quarter. American Century Companies Inc. now owns 1,005,479 shares of the technology company's stock valued at $52,194,000 after acquiring an additional 677,143 shares during the period. Geode Capital Management LLC lifted its stake in ACI Worldwide by 18.4% during the 4th quarter. Geode Capital Management LLC now owns 2,962,449 shares of the technology company's stock valued at $154,095,000 after acquiring an additional 459,821 shares during the period. Ameriprise Financial Inc. lifted its stake in ACI Worldwide by 160.4% during the 4th quarter. Ameriprise Financial Inc. now owns 674,799 shares of the technology company's stock valued at $35,027,000 after acquiring an additional 415,612 shares during the period. Finally, Bank of America Corp DE lifted its stake in ACI Worldwide by 267.7% during the 4th quarter. Bank of America Corp DE now owns 563,335 shares of the technology company's stock valued at $29,243,000 after acquiring an additional 410,142 shares during the period. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Jefferies Financial Group decreased their price objective on shares of ACI Worldwide from $68.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, May 27th. DA Davidson upgraded shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price objective for the company in a research note on Monday, May 12th. Finally, Wall Street Zen upgraded shares of ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $60.00.

ACI Worldwide Stock Performance

Shares of NASDAQ:ACIW traded down $1.21 during trading on Friday, hitting $43.90. 630,092 shares of the stock traded hands, compared to its average volume of 729,905. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.55. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 17.28 and a beta of 1.06. The company has a fifty day moving average price of $47.14 and a two-hundred day moving average price of $50.80. ACI Worldwide, Inc. has a 52-week low of $39.22 and a 52-week high of $59.71.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last posted its earnings results on Thursday, May 8th. The technology company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.18. The firm had revenue of $394.57 million during the quarter, compared to analyst estimates of $364.36 million. ACI Worldwide had a net margin of 16.12% and a return on equity of 20.94%. The business's quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. As a group, equities analysts predict that ACI Worldwide, Inc. will post 2 EPS for the current year.

Insider Activity

In related news, Director Janet O. Estep sold 4,500 shares of the business's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $44.66, for a total value of $200,970.00. Following the completion of the sale, the director owned 77,631 shares of the company's stock, valued at approximately $3,467,000.46. The trade was a 5.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas W. Warsop III purchased 5,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average cost of $48.57 per share, with a total value of $242,850.00. Following the acquisition, the chief executive officer owned 326,922 shares in the company, valued at $15,878,601.54. This represents a 1.55% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.

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.