VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $1.25 Million Investment in ACI Worldwide, Inc. $ACIW

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW) in the 2nd quarter, Holdings Channel reports. The fund acquired 24,900 shares of the technology company’s stock, valued at approximately $1,252,000.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP raised its holdings in ACI Worldwide by 93.5% during the third quarter. Allworth Financial LP now owns 532 shares of the technology company’s stock worth $28,000 after purchasing an additional 257 shares in the last quarter. Essential Partners LLC boosted its stake in ACI Worldwide by 80.3% during the 1st quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock valued at $30,000 after purchasing an additional 327 shares in the last quarter. State of Wyoming acquired a new position in shares of ACI Worldwide during the 2nd quarter valued at $37,000. EverSource Wealth Advisors LLC increased its position in shares of ACI Worldwide by 122.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 944 shares of the technology company’s stock valued at $43,000 after purchasing an additional 519 shares during the period. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of ACI Worldwide in the 3rd quarter worth $46,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ACIW shares. Zacks Research raised ACI Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. DA Davidson reiterated a “buy” rating and issued a $66.00 price target on shares of ACI Worldwide in a research report on Wednesday, September 2nd. Wall Street Zen downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings lowered shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, ACI Worldwide currently has a consensus rating of “Buy” and a consensus target price of $66.00.

ACI Worldwide Trading Up 0.2%

Shares of NASDAQ ACIW opened at $52.09 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. ACI Worldwide, Inc. has a 12 month low of $38.05 and a 12 month high of $61.08. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 23.89 and a beta of 0.98. The business has a fifty day simple moving average of $54.67 and a 200-day simple moving average of $47.03.

ACI Worldwide Profile

ACI Worldwide, Inc is a global provider of payment systems and software for financial institutions, merchants, billers and intermediaries. Its technology supports electronic payments across banking, retail, bill payment and other commerce applications, helping organizations process transactions and manage payment operations.

The company’s offerings include real-time payment infrastructure, digital banking and account-to-account payment capabilities, merchant payment solutions, bill payment services and fraud management tools.