Reinhart Partners LLC. Sells 962 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Reinhart Partners LLC. decreased its holdings in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,407,815 shares of the technology company’s stock after selling 962 shares during the period. ACI Worldwide makes up about 2.8% of Reinhart Partners LLC.’s holdings, making the stock its 11th largest holding. Reinhart Partners LLC. owned 1.34% of ACI Worldwide worth $73,050,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. lifted its stake in ACI Worldwide by 1.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 136,099 shares of the technology company’s stock worth $7,065,000 after purchasing an additional 2,418 shares during the last quarter. Oliver Luxxe Assets LLC increased its holdings in shares of ACI Worldwide by 4.2% in the fourth quarter. Oliver Luxxe Assets LLC now owns 34,468 shares of the technology company’s stock worth $1,789,000 after buying an additional 1,390 shares during the period. Nordea Investment Management AB increased its holdings in shares of ACI Worldwide by 4.9% in the fourth quarter. Nordea Investment Management AB now owns 245,654 shares of the technology company’s stock worth $12,753,000 after buying an additional 11,391 shares during the period. GAMMA Investing LLC increased its holdings in shares of ACI Worldwide by 24.0% in the fourth quarter. GAMMA Investing LLC now owns 2,624 shares of the technology company’s stock worth $136,000 after buying an additional 508 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of ACI Worldwide by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 258,010 shares of the technology company’s stock worth $13,133,000 after buying an additional 8,914 shares during the period. Institutional investors own 94.74% of the company’s stock.

ACI Worldwide Stock Up 0.4 %

Shares of ACIW stock traded up $0.19 during midday trading on Monday, reaching $51.53. 253,068 shares of the stock were exchanged, compared to its average volume of 555,388. ACI Worldwide, Inc. has a 1 year low of $28.79 and a 1 year high of $59.71. The company’s 50 day moving average is $54.35 and its two-hundred day moving average is $49.46. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The firm has a market cap of $5.40 billion, a PE ratio of 24.42 and a beta of 1.21.

Analyst Ratings Changes

ACIW has been the topic of a number of research analyst reports. Stephens downgraded ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. DA Davidson downgraded ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their price target for the company from $57.00 to $60.00 in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $49.50.

Insiders Place Their Bets

In other news, CTO Abraham Kuruvilla sold 5,400 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $55.71, for a total value of $300,834.00. Following the completion of the sale, the chief technology officer now directly owns 81,107 shares in the company, valued at $4,518,470.97. This represents a 6.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Adalio T. Sanchez sold 1,200 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total value of $68,736.00. Following the completion of the sale, the director now owns 43,272 shares of the company’s stock, valued at $2,478,620.16. This trade represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

ACI Worldwide 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.