Texas Permanent School Fund increased its position in ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,183 shares of the technology company’s stock after buying an additional 1,265 shares during the period. Texas Permanent School Fund owned 0.07% of ACI Worldwide worth $1,928,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of ACI Worldwide during the first quarter worth approximately $170,000. LS Investment Advisors LLC raised its position in shares of ACI Worldwide by 1.2% in the first quarter. LS Investment Advisors LLC now owns 8,019 shares of the technology company’s stock worth $172,000 after buying an additional 93 shares during the period. Strs Ohio raised its position in shares of ACI Worldwide by 113.2% in the first quarter. Strs Ohio now owns 8,100 shares of the technology company’s stock worth $173,000 after buying an additional 4,300 shares during the period. Teacher Retirement System of Texas bought a new position in shares of ACI Worldwide during the first quarter worth approximately $204,000. Finally, Trexquant Investment LP bought a new position in shares of ACI Worldwide during the first quarter worth approximately $208,000.
ACI Worldwide, Inc. (NASDAQ ACIW) opened at 21.37 on Friday. ACI Worldwide, Inc. has a 12-month low of $15.11 and a 12-month high of $24.65. The firm has a 50-day moving average of $22.87 and a 200 day moving average of $21.91. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 98.94 and a beta of 1.32.
ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.11. The company had revenue of $240.60 million for the quarter, compared to the consensus estimate of $225.87 million. ACI Worldwide had a net margin of 2.47% and a return on equity of 8.92%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.15) EPS. On average, analysts predict that ACI Worldwide, Inc. will post $0.55 earnings per share for the current fiscal year.
Several brokerages recently issued reports on ACIW. Zacks Investment Research raised shares of ACI Worldwide from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Tuesday, May 2nd. TheStreet lowered shares of ACI Worldwide from a “b” rating to a “c+” rating in a report on Friday, May 5th. BidaskClub lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Finally, ValuEngine raised shares of ACI Worldwide from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $25.33.
In related news, Director John M. Shay, Jr. sold 20,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $23.19, for a total value of $463,800.00. Following the transaction, the director now directly owns 81,896 shares of the company’s stock, valued at approximately $1,899,168.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.20% of the company’s stock.
About ACI Worldwide
ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.
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