Louisiana State Employees Retirement System reduced its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,000 shares of the technology company’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in ACI Worldwide were worth $2,250,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in ACI Worldwide in the first quarter worth approximately $25,000. N.E.W. Advisory Services LLC bought a new stake in ACI Worldwide in the first quarter worth approximately $25,000. Ameritas Advisory Services LLC bought a new stake in ACI Worldwide in the second quarter worth approximately $32,000. Wayfinding Financial LLC bought a new stake in ACI Worldwide in the first quarter worth approximately $39,000. Finally, Cheviot Value Management LLC bought a new stake in ACI Worldwide in the first quarter worth approximately $44,000. 94.74% of the stock is currently owned by institutional investors.
ACI Worldwide Stock Down 2.6%
ACIW stock opened at $51.01 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 21.52 and a beta of 1.05. ACI Worldwide, Inc. has a fifty-two week low of $40.45 and a fifty-two week high of $59.71. The stock has a fifty day moving average of $49.35 and a 200-day moving average of $48.64.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of ACI Worldwide in a research note on Wednesday. Zacks Research cut ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Wall Street Zen cut ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Stephens raised ACI Worldwide from an “equal weight” rating to an “overweight” rating and set a $60.00 target price on the stock in a research report on Thursday, July 17th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.
About ACI Worldwide
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.
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