Teachers Retirement System of The State of Kentucky Has $2.44 Million Stock Holdings in ACI Worldwide, Inc. $ACIW

Teachers Retirement System of The State of Kentucky reduced its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 20.6% in the 1st quarter, HoldingsChannel reports. The firm owned 59,490 shares of the technology company’s stock after selling 15,421 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in ACI Worldwide were worth $2,440,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of ACI Worldwide by 13.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,096 shares of the technology company’s stock worth $96,000 after purchasing an additional 249 shares in the last quarter. Allworth Financial LP increased its position in ACI Worldwide by 93.5% in the 3rd quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock valued at $28,000 after buying an additional 257 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its stake in ACI Worldwide by 6.0% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 4,615 shares of the technology company’s stock worth $221,000 after buying an additional 260 shares during the period. ProShare Advisors LLC raised its stake in ACI Worldwide by 1.4% during the 4th quarter. ProShare Advisors LLC now owns 20,107 shares of the technology company’s stock worth $961,000 after buying an additional 268 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in ACI Worldwide by 1.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,559 shares of the technology company’s stock worth $1,126,000 after acquiring an additional 274 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Zacks Research raised ACI Worldwide from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Weiss Ratings raised ACI Worldwide from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. DA Davidson reiterated a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a report on Monday, May 11th. Finally, Wall Street Zen downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW opened at $55.11 on Wednesday. ACI Worldwide, Inc. has a fifty-two week low of $38.05 and a fifty-two week high of $57.60. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 27.69 and a beta of 0.98. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.53 and a current ratio of 1.53. The firm’s 50-day simple moving average is $46.24 and its 200 day simple moving average is $43.84.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.16. The firm had revenue of $425.75 million during the quarter, compared to analyst estimates of $410.08 million. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 EPS. As a group, research analysts anticipate that ACI Worldwide, Inc. will post 2.69 earnings per share for the current fiscal year.

ACI Worldwide Company Profile

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.