63,018 Shares in ACI Worldwide, Inc. (NASDAQ:ACIW) Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund acquired a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 63,018 shares of the technology company’s stock, valued at approximately $1,928,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Vontobel Holding Ltd. purchased a new position in shares of ACI Worldwide in the third quarter worth approximately $356,000. SG Americas Securities LLC raised its position in shares of ACI Worldwide by 812.5% during the third quarter. SG Americas Securities LLC now owns 39,859 shares of the technology company’s stock valued at $899,000 after buying an additional 35,491 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of ACI Worldwide by 28.5% during the third quarter. Handelsbanken Fonder AB now owns 21,334 shares of the technology company’s stock valued at $481,000 after buying an additional 4,737 shares during the last quarter. Value Holdings Management CO. LLC increased its position in ACI Worldwide by 27.3% in the third quarter. Value Holdings Management CO. LLC now owns 313,900 shares of the technology company’s stock worth $7,082,000 after purchasing an additional 67,400 shares during the last quarter. Finally, Woodmont Investment Counsel LLC increased its position in ACI Worldwide by 15.9% in the third quarter. Woodmont Investment Counsel LLC now owns 101,727 shares of the technology company’s stock worth $2,295,000 after purchasing an additional 13,979 shares during the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. DA Davidson reiterated a “buy” rating and set a $39.00 price objective on shares of ACI Worldwide in a research report on Thursday, March 14th. TheStreet upgraded shares of ACI Worldwide from a “c” rating to a “b-” rating in a research report on Thursday, January 4th. Jefferies Financial Group assumed coverage on shares of ACI Worldwide in a research report on Friday, March 8th. They set a “buy” rating and a $38.00 price objective on the stock. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $40.00 price objective on shares of ACI Worldwide in a research report on Friday, March 15th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, ACI Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

ACI Worldwide Stock Down 1.7 %

NASDAQ:ACIW opened at $32.77 on Friday. ACI Worldwide, Inc. has a 1-year low of $19.56 and a 1-year high of $33.83. The company has a 50-day moving average of $31.96 and a 200 day moving average of $28.80. The firm has a market cap of $3.48 billion, a PE ratio of 29.52 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 1.36.

ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, February 29th. The technology company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. The business had revenue of $477.00 million during the quarter, compared to the consensus estimate of $476.43 million. ACI Worldwide had a net margin of 8.37% and a return on equity of 16.30%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 earnings per share. As a group, research analysts anticipate that ACI Worldwide, Inc. will post 1.83 EPS for the current fiscal year.

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.