Louisiana State Employees Retirement System Has $732,000 Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Posted by Defense World Staff on Oct 10th, 2023

Louisiana State Employees Retirement System boosted its position in ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) by 6.0% during the second quarter, Holdings Channel reports. The institutional investor owned 31,600 shares of the technology company’s stock after purchasing an additional 1,800 shares during the quarter. Louisiana State Employees Retirement System’s holdings in ACI Worldwide were worth $732,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC grew its holdings in shares of ACI Worldwide by 26.2% in the 1st quarter. FMR LLC now owns 3,312 shares of the technology company’s stock valued at $89,000 after acquiring an additional 688 shares in the last quarter. Clear Street Markets LLC grew its holdings in shares of ACI Worldwide by 349,900.0% in the 1st quarter. Clear Street Markets LLC now owns 3,500 shares of the technology company’s stock valued at $94,000 after acquiring an additional 3,499 shares in the last quarter. Point72 Hong Kong Ltd grew its holdings in shares of ACI Worldwide by 84.3% in the 1st quarter. Point72 Hong Kong Ltd now owns 4,605 shares of the technology company’s stock valued at $145,000 after acquiring an additional 2,106 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of ACI Worldwide in the 1st quarter valued at about $146,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of ACI Worldwide in the 2nd quarter valued at about $110,000. Institutional investors and hedge funds own 94.74% of the company’s stock.

ACI Worldwide Price Performance

ACI Worldwide stock opened at $21.09 on Tuesday. ACI Worldwide, Inc. has a 12 month low of $19.68 and a 12 month high of $29.14. The stock’s 50 day moving average is $23.12 and its 200-day moving average is $23.78. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 32.45 and a beta of 1.07.

ACI Worldwide (NASDAQ:ACIW – Get Free Report) last posted its earnings results on Thursday, August 3rd. The technology company reported $0.15 EPS for the quarter, beating the consensus estimate of ($0.11) by $0.26. ACI Worldwide had a return on equity of 9.86% and a net margin of 5.42%. The company had revenue of $323.00 million for the quarter, compared to the consensus estimate of $306.01 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. Equities research analysts expect that ACI Worldwide, Inc. will post 1.66 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a $34.00 price target on shares of ACI Worldwide in a research note on Friday, August 4th. StockNews.com started coverage on shares of ACI Worldwide in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, ACI Worldwide presently has an average rating of “Moderate Buy” and an average price target of $32.00.

Check Out Our Latest Report on ACIW

Insider Buying and Selling at ACI Worldwide

In other ACI Worldwide news, insider Deborah L. Guerra sold 3,426 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $23.22, for a total value of $79,551.72. Following the completion of the sale, the insider now owns 51,724 shares of the company’s stock, valued at approximately $1,201,031.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

ACI Worldwide 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.