The State Board of Administration of Florida Retirement System reduced its position in ACI Worldwide, Inc. (NASDAQ: ACIW – Get Rating) by 6.4% during the first quarter, according to the company in its latest 13F filing with the Securities. and Exchange Commission (SECOND). The fund held 42,157 shares of the technology company after selling 2,880 shares during the period. The State Board of Administration of Florida Retirement System’s holdings in ACI Worldwide were worth $1,328,000 when it last filed with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mutual of America Capital Management LLC increased its position in ACI Worldwide shares by 2.0% during the first quarter. Mutual of America Capital Management LLC now owns 107,215 shares of the technology company worth $3,376,000 after buying 2,057 additional shares last quarter. Sciencast Management LP strengthened its position in ACI Worldwide shares by 25.7% during the 1st quarter. Sciencast Management LP now owns 23,388 shares of the technology company worth $644,000 after buying 4,786 additional shares last quarter. Hennion & Walsh Asset Management Inc. increased its position in ACI Worldwide shares by 9.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 19,326 shares of the technology company worth $609,000 after buying 1,711 additional shares last quarter. American Capital Management Inc. increased its position in ACI Worldwide shares by 5.3% in the fourth quarter. American Capital Management Inc. now owns 398,000 shares of the technology company worth $13,811,000 after buying an additional 20,000 shares last quarter. Finally, SG Americas Securities LLC strengthened its position in ACI Worldwide shares by 173.1% in the 1st quarter. SG Americas Securities LLC now owns 74,559 shares of the technology company worth $2,348,000 after purchasing an additional 47,258 shares last quarter. 99.85% of the shares are currently held by hedge funds and other institutional investors.
ACI Price Performance Worldwide
ACIW opened at $26.13 on Monday. The company has a 50-day moving average price of $26.73 and a 200-day moving average price of $28.90. The company has a market capitalization of $2.98 billion, a PE ratio of 20.10 and a beta of 1.06. ACI Worldwide, Inc. has a 1-year low of $23.63 and a 1-year high of $36.01. The company has a debt ratio of 0.85, a quick ratio of 1.24 and a current ratio of 1.24.
ACI Worldwide (NASDAQ:ACIW – Get Rating) last released its quarterly results on Thursday, August 4. The tech company reported earnings per share (EPS) of $0.12 for the quarter, matching the consensus estimate of $0.12. ACI Worldwide had a return on equity of 17.24% and a net margin of 10.51%. The company posted revenue of $340.40 million for the quarter, versus analyst estimates of $330.22 million. During the same period a year earlier, the company posted EPS of $0.23. The company’s revenues increased by 12.8% compared to the same quarter last year.
Analysts set new price targets
Several research companies have recently commented on the ACIW. TheStreet downgraded shares of ACI Worldwide from a “b-” rating to a “c” rating in a Thursday, May 5 research report. Stephens assumed coverage of ACI Worldwide stocks in a Thursday, July 14, research note. They issued an “overweight” rating and a target price of $31.00 for the company. StockNews.com downgraded ACI Worldwide shares from a “buy” rating to a “hold” rating in a Friday, Aug. 5 research note. Finally, DA Davidson lowered his price target on ACI Worldwide shares from $42.00 to $36.00 in a Monday, April 25 research note.
ICA Global Profile
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ACI Worldwide, Inc, a software company, develops, markets, installs and supports a range of software products and solutions to facilitate digital payments to banks, merchants and billers worldwide. The company offers ACI Acquiring, a merchant management system to deliver digital innovation, improve fraud prevention and reduce interchange fees; ACI Issuing, a digital payment issuance solution; and ACI Enterprise Payments Platform which provides payment processing and orchestration capabilities for digital payments.
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