Teachers Retirement System of The State of Kentucky Raises Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Teachers Retirement System of The State of Kentucky boosted its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 34.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ACIW. Opal Wealth Advisors LLC purchased a new position in shares of ACI Worldwide in the first quarter valued at $25,000. Covestor Ltd boosted its holdings in shares of ACI Worldwide by 239.4% in the 4th quarter. Covestor Ltd now owns 594 shares of the technology company's stock worth $31,000 after purchasing an additional 419 shares during the period. Wayfinding Financial LLC bought a new position in shares of ACI Worldwide during the 1st quarter valued at approximately $39,000. Versant Capital Management Inc raised its stake in shares of ACI Worldwide by 121.3% in 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 during the period. Finally, Archer Investment Corp purchased a new stake in ACI Worldwide in the 1st quarter worth about $159,000. Hedge funds and other institutional investors own 94.74% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Stephens upgraded ACI Worldwide from an "equal weight" rating to an "overweight" rating and set a $60.00 price objective for the company in a report on Thursday, July 17th. Jefferies Financial Group lowered their price target on shares of ACI Worldwide from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. DA Davidson upgraded ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 target price for the company in a report on Monday, May 12th. Finally, Wall Street Zen upgraded ACI Worldwide from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $60.00.

Insider Activity at ACI Worldwide

In other ACI Worldwide news, Director Janet O. Estep sold 4,500 shares of the 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 completion of the transaction, the director directly owned 77,631 shares of the company's stock, valued at approximately $3,467,000.46. This trade represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mary P. Harman sold 7,194 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $47.48, for a total value of $341,571.12. Following the sale, the director directly owned 34,388 shares in the company, valued at $1,632,742.24. This trade represents a 17.30% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

ACI Worldwide Price Performance

ACIW stock opened at $45.52 on Wednesday. ACI Worldwide, Inc. has a 1 year low of $41.42 and a 1 year high of $59.71. The business's 50-day moving average is $46.07 and its two-hundred day moving average is $50.36. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market capitalization of $4.78 billion, a P/E ratio of 17.92 and a beta of 1.06.

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, topping the consensus estimate of $0.33 by $0.18. ACI Worldwide had a return on equity of 20.94% and a net margin of 16.12%. The firm had revenue of $394.57 million during the quarter, compared to analysts' expectations of $364.36 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. The firm's revenue was up 24.9% compared to the same quarter last year. Analysts anticipate that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

ACI Worldwide 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.

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