ACI Worldwide, Inc. (NASDAQ:ACIW) Stake Raised by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 34.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,125 shares of the technology company's stock after acquiring an additional 13,100 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in ACI Worldwide were worth $2,798,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ACIW. Opal Wealth Advisors LLC acquired a new stake in shares of ACI Worldwide during the first quarter valued at about $25,000. Covestor Ltd grew its stake in shares of ACI Worldwide by 239.4% during the fourth quarter. Covestor Ltd now owns 594 shares of the technology company's stock valued at $31,000 after acquiring an additional 419 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in shares of ACI Worldwide during the first quarter valued at about $39,000. Versant Capital Management Inc grew its stake in shares of ACI Worldwide by 121.3% during the first quarter. Versant Capital Management Inc now owns 885 shares of the technology company's stock valued at $48,000 after acquiring an additional 485 shares in the last quarter. Finally, Archer Investment Corp acquired a new stake in shares of ACI Worldwide during the first quarter valued at about $159,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ACIW has been the topic of several research analyst reports. Stephens raised shares of ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 price target on the stock in a research report on Thursday, July 17th. Wall Street Zen raised shares of ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. DA Davidson raised shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price target on the stock in a research report on Monday, May 12th. Finally, Jefferies Financial Group reduced their price target on shares of ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $60.00.

ACI Worldwide Stock Down 0.3%

Shares of ACIW stock traded down $0.15 during trading hours on Friday, hitting $44.80. 849,541 shares of the company were exchanged, compared to its average volume of 635,203. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.50 and a current ratio of 1.50. The business's 50-day simple moving average is $45.85 and its two-hundred day simple moving average is $50.22. ACI Worldwide, Inc. has a one year low of $41.79 and a one year high of $59.71. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 17.64 and a beta of 1.06.

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

Insiders Place Their Bets

In other ACI Worldwide news, Director Janet O. Estep sold 4,500 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $44.66, for a total value of $200,970.00. Following the transaction, the director owned 77,631 shares of the company's stock, valued at $3,467,000.46. This trade represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Thomas W. Warsop III bought 5,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was acquired at an average cost of $48.57 per share, for a total transaction of $242,850.00. Following the acquisition, the chief executive officer directly owned 326,922 shares of the company's stock, valued at $15,878,601.54. The trade was a 1.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.

About ACI Worldwide

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.