Ramsey Quantitative Systems acquired a new stake in ACI Worldwide, Inc. (NASDAQ:ACIW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,475 shares of the technology company’s stock, valued at approximately $324,000.

A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. grew its position in ACI Worldwide by 0.4% in the 2nd quarter. BlackRock Inc. now owns 12,035,561 shares of the technology company’s stock valued at $269,235,000 after acquiring an additional 44,692 shares during the last quarter. Vanguard Group Inc. grew its position in ACI Worldwide by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 9,780,252 shares of the technology company’s stock valued at $218,784,000 after acquiring an additional 161,582 shares during the last quarter. State Street Corp grew its position in ACI Worldwide by 2.5% in the 1st quarter. State Street Corp now owns 3,744,710 shares of the technology company’s stock valued at $80,100,000 after acquiring an additional 90,836 shares during the last quarter. New York State Common Retirement Fund grew its position in ACI Worldwide by 4.2% in the 2nd quarter. New York State Common Retirement Fund now owns 2,862,130 shares of the technology company’s stock valued at $64,026,000 after acquiring an additional 115,599 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in ACI Worldwide by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,799,703 shares of the technology company’s stock valued at $59,886,000 after acquiring an additional 101,752 shares during the last quarter.

Several equities analysts have commented on the company. BidaskClub downgraded ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. ValuEngine raised ACI Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 31st. Finally, DA Davidson assumed coverage on ACI Worldwide in a research report on Thursday, August 31st. They issued a “buy” rating and a $26.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. ACI Worldwide has a consensus rating of “Buy” and a consensus price target of $25.50.

In other news, Director John M. Shay, Jr. sold 20,000 shares of ACI Worldwide stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $23.19, for a total value of $463,800.00. Following the completion of the sale, the director now directly owns 81,896 shares of the company’s stock, valued at $1,899,168.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Philip G. Heasley acquired 5,000 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was purchased at an average cost of $21.32 per share, with a total value of $106,600.00. The disclosure for this purchase can be found here. Insiders own 4.20% of the company’s stock.

ACI Worldwide, Inc. (NASDAQ ACIW) opened at 22.899 on Monday. ACI Worldwide, Inc. has a 12 month low of $15.11 and a 12 month high of $24.65. The company has a market cap of $2.71 billion, a P/E ratio of 106.014 and a beta of 1.33. The firm has a 50-day moving average price of $22.20 and a 200 day moving average price of $22.41.

ACI Worldwide (NASDAQ:ACIW) last posted its earnings results on Thursday, July 27th. The technology company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.11. ACI Worldwide had a return on equity of 8.92% and a net margin of 2.47%. The company had revenue of $240.60 million for the quarter, compared to the consensus estimate of $225.87 million. During the same quarter in the previous year, the business earned ($0.15) earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts predict that ACI Worldwide, Inc. will post $0.52 EPS for the current year.

WARNING: This piece was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/09/25/ramsey-quantitative-systems-takes-position-in-aci-worldwide-inc-aciw.html.

About ACI Worldwide

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. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.

Want to see what other hedge funds are holding ACIW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ACI Worldwide, Inc. (NASDAQ:ACIW).

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

Receive News & Ratings for ACI Worldwide Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACI Worldwide Inc. and related companies with MarketBeat.com's FREE daily email newsletter.