ACI Worldwide, Inc. (NASDAQ:ACIW) is Reinhart Partners LLC.’s 7th Largest Position

Reinhart Partners LLC. increased its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 0.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,269,620 shares of the technology company’s stock after buying an additional 3,908 shares during the quarter. ACI Worldwide comprises about 3.1% of Reinhart Partners LLC.’s holdings, making the stock its 7th largest position. Reinhart Partners LLC.’s holdings in ACI Worldwide were worth $75,374,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Covestor Ltd lifted its position in ACI Worldwide by 136.6% during the 3rd quarter. Covestor Ltd now owns 1,417 shares of the technology company’s stock worth $32,000 after acquiring an additional 818 shares during the period. Strs Ohio raised its stake in shares of ACI Worldwide by 205.9% during the fourth quarter. Strs Ohio now owns 5,200 shares of the technology company’s stock worth $159,000 after purchasing an additional 3,500 shares during the last quarter. Watershed Asset Management L.L.C. purchased a new position in ACI Worldwide during the 4th quarter worth $296,000. SkyView Investment Advisors LLC lifted its position in ACI Worldwide by 3.8% in the third quarter. SkyView Investment Advisors LLC now owns 11,998 shares of the technology company’s stock valued at $271,000 after purchasing an additional 444 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in ACI Worldwide by 87.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 13,455 shares of the technology company’s stock worth $304,000 after purchasing an additional 6,264 shares during the period. Institutional investors and hedge funds own 94.74% of the company’s stock.

Insider Activity

In related news, Director James C. Hale III sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $36.74, for a total value of $183,700.00. Following the completion of the transaction, the director now owns 79,912 shares of the company’s stock, valued at approximately $2,935,966.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other ACI Worldwide news, Director James C. Hale III sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $36.74, for a total value of $183,700.00. Following the completion of the transaction, the director now directly owns 79,912 shares in the company, valued at approximately $2,935,966.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James C. Hale III sold 10,000 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $35.52, for a total value of $355,200.00. Following the sale, the director now owns 69,912 shares in the company, valued at approximately $2,483,274.24. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

ACI Worldwide Price Performance

NASDAQ ACIW traded down $0.25 during trading hours on Tuesday, reaching $36.02. The company’s stock had a trading volume of 511,681 shares, compared to its average volume of 573,276. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.37 and a current ratio of 1.37. The company’s 50-day moving average is $34.73 and its two-hundred day moving average is $32.11. ACI Worldwide, Inc. has a fifty-two week low of $19.56 and a fifty-two week high of $37.85. The stock has a market cap of $3.80 billion, a PE ratio of 26.88 and a beta of 1.19.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.12. ACI Worldwide had a net margin of 9.88% and a return on equity of 17.31%. The business had revenue of $316.02 million for the quarter, compared to analyst estimates of $305.25 million. Analysts forecast that ACI Worldwide, Inc. will post 1.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ACIW shares. Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a report on Wednesday, May 1st. Canaccord Genuity Group reissued a “buy” rating and issued a $40.00 target price on shares of ACI Worldwide in a report on Friday, March 15th. Craig Hallum boosted their target price on shares of ACI Worldwide from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. StockNews.com upgraded shares of ACI Worldwide from a “hold” rating to a “buy” rating in a report on Thursday, May 2nd. Finally, DA Davidson raised their price objective on shares of ACI Worldwide from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

About ACI Worldwide

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.