California State Teachers Retirement System trimmed its position in ACI Worldwide Inc (NASDAQ:ACIW) by 2.3% in the first quarter, HoldingsChannel.com reports. The firm owned 175,729 shares of the technology company’s stock after selling 4,118 shares during the period. California State Teachers Retirement System’s holdings in ACI Worldwide were worth $5,776,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in ACIW. Fort L.P. purchased a new position in shares of ACI Worldwide in the fourth quarter worth about $30,000. Flagship Harbor Advisors LLC bought a new position in ACI Worldwide in the 1st quarter valued at approximately $31,000. Oregon Public Employees Retirement Fund lifted its position in ACI Worldwide by 2,667.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,271,962 shares of the technology company’s stock valued at $46,000 after acquiring an additional 1,225,993 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of ACI Worldwide during the 4th quarter valued at $74,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of ACI Worldwide by 17.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,127 shares of the technology company’s stock valued at $86,000 after buying an additional 465 shares during the period.
ACIW has been the subject of a number of analyst reports. TheStreet lowered ACI Worldwide from an “a-” rating to a “c+” rating in a research note on Thursday, May 9th. Zacks Investment Research lowered shares of ACI Worldwide from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, May 14th. BidaskClub lowered shares of ACI Worldwide from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 9th. Finally, Stephens raised shares of ACI Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $30.00 to $38.00 in a report on Friday, March 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $34.00.
ACI Worldwide stock opened at $33.01 on Wednesday. ACI Worldwide Inc has a 52-week low of $24.02 and a 52-week high of $35.86. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.67. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 4.15 and a beta of 1.24.
ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, May 9th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.07). ACI Worldwide had a return on equity of 8.39% and a net margin of 6.20%. The business had revenue of $205.90 million for the quarter, compared to analysts’ expectations of $213.05 million. During the same period in the previous year, the business posted ($0.17) earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts expect that ACI Worldwide Inc will post 0.65 earnings per share for the current fiscal year.
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About ACI Worldwide
ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.
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