Louisiana State Employees Retirement System Sells 2,400 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Louisiana State Employees Retirement System reduced its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 4.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 50,600 shares of the technology company’s stock after selling 2,400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in ACI Worldwide were worth $2,576,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Fifth Third Bancorp increased its holdings in ACI Worldwide by 123.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock valued at $45,000 after purchasing an additional 624 shares in the last quarter. GAMMA Investing LLC increased its holdings in ACI Worldwide by 49.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock valued at $52,000 after purchasing an additional 431 shares in the last quarter. CWM LLC increased its holdings in ACI Worldwide by 638.5% during the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,143 shares in the last quarter. nVerses Capital LLC acquired a new stake in ACI Worldwide during the 3rd quarter valued at $112,000. Finally, USA Financial Formulas acquired a new stake in ACI Worldwide during the 3rd quarter valued at $114,000. 94.74% of the stock is currently owned by institutional investors.

ACI Worldwide Stock Up 1.6 %

NASDAQ:ACIW opened at $49.56 on Tuesday. ACI Worldwide, Inc. has a 12-month low of $19.68 and a 12-month high of $53.29. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $5.23 billion, a P/E ratio of 36.99 and a beta of 1.19. The stock’s fifty day simple moving average is $49.70 and its 200-day simple moving average is $42.26.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.24. ACI Worldwide had a return on equity of 19.18% and a net margin of 12.01%. The business had revenue of $373.48 million for the quarter, compared to analyst estimates of $349.95 million. Equities research analysts expect that ACI Worldwide, Inc. will post 1.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ACIW shares. DA Davidson increased their price objective on ACI Worldwide from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. StockNews.com lowered ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Needham & Company LLC reiterated a “hold” rating on shares of ACI Worldwide in a research report on Friday, August 2nd. Canaccord Genuity Group increased their price objective on ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Stephens lowered ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $48.75.

ACI Worldwide Profile

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.