NJ State Employees Deferred Compensation Plan acquired a new position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 30,000 shares of the technology company’s stock, valued at approximately $683,000.
A number of other institutional investors also recently modified their holdings of the business. Capstone Asset Management Co. increased its stake in ACI Worldwide by 0.7% during the 2nd quarter. Capstone Asset Management Co. now owns 10,377 shares of the technology company’s stock valued at $232,000 after purchasing an additional 70 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in ACI Worldwide by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,227 shares of the technology company’s stock valued at $385,000 after purchasing an additional 94 shares in the last quarter. Meeder Asset Management Inc. increased its stake in ACI Worldwide by 0.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 42,364 shares of the technology company’s stock valued at $948,000 after purchasing an additional 234 shares in the last quarter. Granite Investment Partners LLC increased its stake in ACI Worldwide by 0.4% during the 2nd quarter. Granite Investment Partners LLC now owns 67,586 shares of the technology company’s stock valued at $1,512,000 after purchasing an additional 252 shares in the last quarter. Finally, Wrapmanager Inc. increased its stake in ACI Worldwide by 3.4% during the 2nd quarter. Wrapmanager Inc. now owns 14,280 shares of the technology company’s stock valued at $319,000 after purchasing an additional 468 shares in the last quarter.
In related news, CEO Philip G. Heasley acquired 5,000 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were acquired at an average cost of $21.32 per share, with a total value of $106,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.20% of the company’s stock.
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A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of ACI Worldwide from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. BidaskClub raised shares of ACI Worldwide from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Finally, DA Davidson assumed coverage on shares of ACI Worldwide in a report on Thursday, August 31st. They issued a “buy” rating and a $26.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $26.00.
Shares of ACI Worldwide, Inc. (ACIW) traded up $0.18 during midday trading on Friday, reaching $23.33. 343,400 shares of the company were exchanged, compared to its average volume of 426,701. ACI Worldwide, Inc. has a 12-month low of $17.58 and a 12-month high of $25.00. The stock has a market capitalization of $2,766.45, a P/E ratio of 32.40, a PEG ratio of 3.70 and a beta of 1.32. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.16 and a quick ratio of 1.16.
ACI Worldwide 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. Its 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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