ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Bought by New Mexico Educational Retirement Board

Posted by on Aug 2nd, 2023

New Mexico Educational Retirement Board increased its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) by 13.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,400 shares of the technology company’s stock after acquiring an additional 2,400 shares during the period. New Mexico Educational Retirement Board’s holdings in ACI Worldwide were worth $550,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eagle Bay Advisors LLC increased its stake in shares of ACI Worldwide by 335.5% during the fourth quarter. Eagle Bay Advisors LLC now owns 3,297 shares of the technology company’s stock worth $76,000 after acquiring an additional 2,540 shares during the period. Dark Forest Capital Management LP acquired a new stake in ACI Worldwide during the 4th quarter valued at $144,000. Point72 Hong Kong Ltd grew its holdings in ACI Worldwide by 84.3% during the 1st quarter. Point72 Hong Kong Ltd now owns 4,605 shares of the technology company’s stock worth $145,000 after acquiring an additional 2,106 shares in the last quarter. Quantbot Technologies LP acquired a new position in ACI Worldwide during the 1st quarter worth $146,000. Finally, Assetmark Inc. lifted its position in shares of ACI Worldwide by 46.6% in the 4th quarter. Assetmark Inc. now owns 6,776 shares of the technology company’s stock worth $156,000 after buying an additional 2,154 shares during the last quarter. 95.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ACIW has been the topic of several research analyst reports. StockNews.com started coverage on shares of ACI Worldwide in a research note on Thursday, May 18th. They set a “hold” rating on the stock. TheStreet cut shares of ACI Worldwide from a “b-” rating to a “c” rating in a report on Friday, May 5th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, ACI Worldwide has an average rating of “Moderate Buy” and an average price target of $32.67.

Insider Buying and Selling

In related news, insider Deborah L. Guerra sold 7,939 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $23.09, for a total transaction of $183,311.51. Following the transaction, the insider now owns 55,002 shares of the company’s stock, valued at $1,269,996.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other ACI Worldwide news, CEO Thomas W. Warsop III bought 39,667 shares of ACI Worldwide stock in a transaction dated Tuesday, June 6th. The shares were bought at an average price of $23.59 per share, with a total value of $935,744.53. Following the purchase, the chief executive officer now owns 174,974 shares of the company’s stock, valued at $4,127,636.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Deborah L. Guerra sold 7,939 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $23.09, for a total transaction of $183,311.51. Following the sale, the insider now owns 55,002 shares in the company, valued at $1,269,996.18. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

ACI Worldwide Price Performance

Shares of ACI Worldwide stock opened at $23.30 on Wednesday. The firm has a fifty day simple moving average of $23.14 and a 200-day simple moving average of $24.96. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.87. ACI Worldwide, Inc. has a 1-year low of $19.68 and a 1-year high of $29.35. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 28.07 and a beta of 1.09.

ACI Worldwide (NASDAQ:ACIW – Get Free Report) last issued its quarterly earnings data on Thursday, May 4th. The technology company reported ($0.11) earnings per share for the quarter. ACI Worldwide had a return on equity of 10.76% and a net margin of 6.80%. The firm had revenue of $289.68 million during the quarter. On average, sell-side analysts expect that ACI Worldwide, Inc. will post 1.75 earnings per share for the current year.

ACI Worldwide Company Profile

(Free Report)

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 merchant management system to deliver digital innovation, handle new payment methods, and maximize margins; ACI Issuing, a digital payment issuing solution for new payment offering and enable channels, services, endpoints, and integrations from a single cloud-based or on-premises solution; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.

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Institutional Ownership by Quarter for ACI Worldwide (NASDAQ:ACIW)

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