30,000 Shares in ACI Worldwide, Inc. (NASDAQ:ACIW) Purchased by NJ State Employees Deferred Compensation Plan

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.

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

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