Teacher Retirement System of Texas Acquires 2,002 Shares of ACI Worldwide Inc. (ACIW)
Teacher Retirement System of Texas raised its stake in shares of ACI Worldwide Inc. (NASDAQ:ACIW) by 13.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 16,615 shares of the company’s stock after buying an additional 2,002 shares during the period. Teacher Retirement System of Texas’ holdings in ACI Worldwide were worth $324,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. Boston Advisors LLC raised its stake in ACI Worldwide by 0.6% in the second quarter. Boston Advisors LLC now owns 24,741 shares of the company’s stock worth $483,000 after buying an additional 140 shares during the period. Aperio Group LLC raised its stake in ACI Worldwide by 2.0% in the first quarter. Aperio Group LLC now owns 14,196 shares of the company’s stock worth $295,000 after buying an additional 281 shares during the period. Strs Ohio raised its stake in ACI Worldwide by 6.8% in the second quarter. Strs Ohio now owns 12,500 shares of the company’s stock worth $243,000 after buying an additional 800 shares during the period. I.G. Investment Management LTD. raised its stake in ACI Worldwide by 1.5% in the second quarter. I.G. Investment Management LTD. now owns 57,323 shares of the company’s stock worth $1,118,000 after buying an additional 825 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in ACI Worldwide by 2.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 39,598 shares of the company’s stock worth $773,000 after buying an additional 965 shares during the period. Hedge funds and other institutional investors own 97.83% of the company’s stock.
ACI Worldwide Inc. (NASDAQ:ACIW) opened at 18.57 on Friday. The firm has a 50-day moving average of $18.90 and a 200-day moving average of $19.62. The company has a market capitalization of $2.18 billion, a P/E ratio of 16.91 and a beta of 1.41. ACI Worldwide Inc. has a 52 week low of $15.07 and a 52 week high of $24.61.
ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, July 28th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. ACI Worldwide had a net margin of 13.20% and a return on equity of 7.60%. The company earned $219.90 million during the quarter, compared to analyst estimates of $221.17 million. During the same quarter last year, the business earned $0.23 EPS. The firm’s revenue for the quarter was down 17.3% compared to the same quarter last year. Analysts anticipate that ACI Worldwide Inc. will post $0.54 EPS for the current fiscal year.
ACIW has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 15th. TheStreet lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. ACI Worldwide currently has a consensus rating of “Hold” and an average target price of $23.75.
In related news, CFO Scott W. Behrens sold 35,555 shares of the business’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $19.22, for a total transaction of $683,367.10. Following the transaction, the chief financial officer now directly owns 271,554 shares in the company, valued at $5,219,267.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.10% of the company’s stock.
ACI Worldwide Company Profile
ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. These products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.
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