Public Employees Retirement Association of Colorado Sells 1,885 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Public Employees Retirement Association of Colorado lessened its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 898,161 shares of the technology company’s stock after selling 1,885 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.86% of ACI Worldwide worth $35,558,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Inspire Investing LLC grew its position in shares of ACI Worldwide by 181.8% during the 2nd quarter. Inspire Investing LLC now owns 30,393 shares of the technology company’s stock worth $1,203,000 after buying an additional 19,608 shares in the last quarter. Seven Eight Capital LP acquired a new stake in shares of ACI Worldwide during the second quarter worth about $373,000. Hsbc Holdings PLC lifted its holdings in shares of ACI Worldwide by 14.2% during the second quarter. Hsbc Holdings PLC now owns 34,960 shares of the technology company’s stock worth $1,374,000 after purchasing an additional 4,345 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of ACI Worldwide during the second quarter worth about $4,651,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of ACI Worldwide by 7.8% during the second quarter. Envestnet Asset Management Inc. now owns 175,231 shares of the technology company’s stock worth $6,937,000 after purchasing an additional 12,716 shares during the period. Institutional investors own 94.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ACIW. Canaccord Genuity Group boosted 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. DA Davidson boosted their price objective on ACI Worldwide from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. StockNews.com lowered ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, ACI Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.

ACI Worldwide Stock Performance

NASDAQ ACIW opened at $49.46 on Friday. ACI Worldwide, Inc. has a 1-year low of $19.56 and a 1-year high of $50.61. The company has a market capitalization of $5.18 billion, a P/E ratio of 36.91 and a beta of 1.19. The business has a 50 day moving average price of $46.04 and a 200 day moving average price of $38.61. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.32.

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

ACI Worldwide declared that its Board of Directors has approved a share buyback program on Thursday, June 13th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

ACI Worldwide Company 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.