Louisiana State Employees Retirement System Invests $1.67 Million in ACI Worldwide, Inc. (NASDAQ:ACIW)

Louisiana State Employees Retirement System bought a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 54,400 shares of the technology company's stock, valued at approximately $1,665,000. Louisiana State Employees Retirement System owned about 0.05% of ACI Worldwide at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ACIW. Covestor Ltd raised its position in ACI Worldwide by 136.6% during the third quarter. Covestor Ltd now owns 1,417 shares of the technology company's stock worth $32,000 after acquiring an additional 818 shares during the last quarter. Strs Ohio raised its position in shares of ACI Worldwide by 142.9% in the third quarter. Strs Ohio now owns 1,700 shares of the technology company's stock valued at $38,000 after buying an additional 1,000 shares during the last quarter. FMR LLC raised its position in shares of ACI Worldwide by 26.2% in the first quarter. FMR LLC now owns 3,312 shares of the technology company's stock valued at $89,000 after buying an additional 688 shares during the last quarter. Point72 Hong Kong Ltd raised its position in shares of ACI Worldwide by 84.3% in the first quarter. Point72 Hong Kong Ltd now owns 4,605 shares of the technology company's stock valued at $145,000 after buying an additional 2,106 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in ACI Worldwide during the first quarter worth approximately $146,000. Institutional investors and hedge funds own 94.74% of the company's stock.

Analysts Set New Price Targets

ACIW has been the subject of several research analyst reports. Canaccord Genuity Group reaffirmed a "buy" rating and set a $40.00 price target on shares of ACI Worldwide in a research report on Friday, March 15th. TheStreet raised shares of ACI Worldwide from a "c" rating to a "b-" rating in a research report on Thursday, January 4th. Jefferies Financial Group began coverage on shares of ACI Worldwide in a research note on Friday, March 8th. They set a "buy" rating and a $38.00 price objective for the company. Finally, DA Davidson reiterated a "buy" rating and set a $39.00 price objective on shares of ACI Worldwide in a research note on Thursday, March 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $39.00.

ACI Worldwide Stock Up 1.4 %

ACIW traded up $0.44 during trading on Friday, hitting $31.95. The company had a trading volume of 720,668 shares, compared to its average volume of 466,609. The company has a market cap of $3.40 billion, a PE ratio of 28.78 and a beta of 1.24. The business has a 50-day moving average of $31.83 and a 200-day moving average of $28.55. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 1.36. ACI Worldwide, Inc. has a 1-year low of $19.56 and a 1-year high of $33.83.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The technology company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.17. The firm had revenue of $477.00 million for the quarter, compared to analysts' expectations of $476.43 million. ACI Worldwide had a net margin of 8.37% and a return on equity of 16.30%. The firm's quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 earnings per share. As a group, analysts forecast that ACI Worldwide, Inc. will post 1.83 earnings per share for the current 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.