Louisiana State Employees Retirement System Makes New Investment in ACI Worldwide, Inc. $ACIW

Louisiana State Employees Retirement System acquired a new position in ACI Worldwide, Inc. (NASDAQ:ACIW) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 45,700 shares of the technology company’s stock, valued at approximately $1,874,000.

A number of other large investors also recently modified their holdings of ACIW. Franklin Resources Inc. grew its holdings in ACI Worldwide by 79.6% during the third quarter. Franklin Resources Inc. now owns 9,659,385 shares of the technology company’s stock worth $509,726,000 after buying an additional 4,280,684 shares in the last quarter. Millennium Management LLC lifted its stake in ACI Worldwide by 879.8% during the 3rd quarter. Millennium Management LLC now owns 1,430,404 shares of the technology company’s stock valued at $75,482,000 after acquiring an additional 1,284,419 shares in the last quarter. Norges Bank bought a new position in ACI Worldwide during the 4th quarter valued at $54,735,000. Fuller & Thaler Asset Management Inc. boosted its holdings in ACI Worldwide by 90.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,816,588 shares of the technology company’s stock worth $86,851,000 after acquiring an additional 861,779 shares during the last quarter. Finally, London Co. of Virginia boosted its holdings in ACI Worldwide by 91.0% during the 3rd quarter. London Co. of Virginia now owns 1,732,941 shares of the technology company’s stock worth $91,448,000 after acquiring an additional 825,671 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

ACI Worldwide Stock Up 1.6%

ACIW stock opened at $50.29 on Wednesday. The stock has a market cap of $5.11 billion, a P/E ratio of 25.27 and a beta of 1.00. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51. The stock’s fifty day simple moving average is $43.90 and its two-hundred day simple moving average is $43.34. ACI Worldwide, Inc. has a 1-year low of $38.05 and a 1-year high of $54.28.

ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, May 7th. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $0.51 EPS. Analysts expect that ACI Worldwide, Inc. will post 2.59 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on ACIW shares. Zacks Research upgraded shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. DA Davidson restated a “buy” rating and set a $60.00 price target on shares of ACI Worldwide in a report on Monday, May 11th. Weiss Ratings downgraded shares of ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Finally, Wall Street Zen lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

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.