Oregon Public Employees Retirement Fund Has $1.60 Million Stake in ACI Worldwide Inc (NASDAQ:ACIW)

Oregon Public Employees Retirement Fund boosted its position in ACI Worldwide Inc (NASDAQ:ACIW) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,633 shares of the technology company’s stock after buying an additional 664 shares during the period. Oregon Public Employees Retirement Fund’s holdings in ACI Worldwide were worth $1,601,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System lifted its holdings in ACI Worldwide by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 31,100 shares of the technology company’s stock valued at $1,022,000 after buying an additional 300 shares during the period. Advisor Group Inc. lifted its holdings in ACI Worldwide by 10.7% in the fourth quarter. Advisor Group Inc. now owns 3,579 shares of the technology company’s stock valued at $100,000 after buying an additional 346 shares during the period. Retirement Systems of Alabama lifted its holdings in ACI Worldwide by 0.5% in the first quarter. Retirement Systems of Alabama now owns 151,190 shares of the technology company’s stock valued at $4,970,000 after buying an additional 816 shares during the period. Flagship Harbor Advisors LLC acquired a new position in ACI Worldwide in the first quarter valued at $31,000. Finally, Belpointe Asset Management LLC lifted its holdings in ACI Worldwide by 5.0% in the first quarter. Belpointe Asset Management LLC now owns 20,851 shares of the technology company’s stock valued at $685,000 after buying an additional 1,000 shares during the period.

Several equities analysts recently issued reports on the stock. TheStreet lowered shares of ACI Worldwide from an “a-” rating to a “c+” rating in a report on Thursday, May 9th. BidaskClub upgraded shares of ACI Worldwide from a “sell” rating to a “hold” rating in a report on Saturday, June 29th. Finally, Zacks Investment Research upgraded shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $34.00.

Shares of NASDAQ ACIW traded down $1.24 during trading on Monday, hitting $30.26. 6,968 shares of the company traded hands, compared to its average volume of 587,258. The firm has a fifty day moving average of $33.66. ACI Worldwide Inc has a fifty-two week low of $24.02 and a fifty-two week high of $35.86. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 4.04 and a beta of 1.25. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.97 and a quick ratio of 1.97.

ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, May 9th. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.07). ACI Worldwide had a net margin of 6.20% and a return on equity of 8.39%. The company had revenue of $205.90 million for the quarter, compared to analyst estimates of $213.05 million. During the same quarter in the prior year, the company posted ($0.17) EPS. ACI Worldwide’s revenue for the quarter was down 1.6% on a year-over-year basis. Analysts expect that ACI Worldwide Inc will post 0.65 EPS for the current fiscal year.

ACI Worldwide Profile

ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.

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

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