Maryland State Retirement & Pension System purchased a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 39,515 shares of the technology company's stock, valued at approximately $1,209,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Covestor Ltd lifted its position in shares of ACI Worldwide by 136.6% in the 3rd quarter. Covestor Ltd now owns 1,417 shares of the technology company's stock worth $32,000 after purchasing an additional 818 shares during the period. Strs Ohio lifted its holdings 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 worth $38,000 after buying an additional 1,000 shares in the last quarter. SkyView Investment Advisors LLC lifted its holdings in shares of ACI Worldwide by 3.8% in the third quarter. SkyView Investment Advisors LLC now owns 11,998 shares of the technology company's stock worth $271,000 after buying an additional 444 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of ACI Worldwide by 18.2% in the third quarter. Assetmark Inc. now owns 12,238 shares of the technology company's stock worth $276,000 after buying an additional 1,885 shares in the last quarter. Finally, Watershed Asset Management L.L.C. purchased a new stake in shares of ACI Worldwide in the fourth quarter worth about $296,000. 94.74% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms recently weighed in on ACIW. Jefferies Financial Group started coverage on shares of ACI Worldwide in a research report on Friday, March 8th. They issued a "buy" rating and a $38.00 price objective on the stock. StockNews.com raised shares of ACI Worldwide from a "hold" rating to a "buy" rating in a research report on Thursday, May 2nd. DA Davidson raised their price objective on ACI Worldwide from $36.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, May 1st. Canaccord Genuity Group restated a "buy" rating and issued a $40.00 price objective on shares of ACI Worldwide in a report on Friday, March 15th. Finally, Craig Hallum increased their price target on shares of ACI Worldwide from $38.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.00.
Check Out Our Latest Analysis on ACIW
ACI Worldwide Trading Up 0.8 %
Shares of ACIW stock traded up $0.28 during trading hours on Thursday, reaching $36.17. 426,457 shares of the stock were exchanged, compared to its average volume of 590,645. ACI Worldwide, Inc. has a 12-month low of $19.56 and a 12-month high of $36.46. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.78. The company's 50-day moving average price is $32.69 and its 200-day moving average price is $29.74. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 26.98 and a beta of 1.20.
ACI Worldwide (NASDAQ:ACIW - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The technology company reported $1.27 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.17. ACI Worldwide had a net margin of 9.88% and a return on equity of 17.31%. The company had revenue of $477.00 million during the quarter, compared to analyst estimates of $476.43 million. During the same quarter last year, the business posted $0.95 EPS. The firm's revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equities analysts anticipate that ACI Worldwide, Inc. will post 1.9 earnings per share for the current year.
ACI Worldwide Profile
(
Free Report)
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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