ACI Worldwide, Inc. (NASDAQ:ACIW) Stock Position Cut by Weitz Investment Management Inc.

Weitz Investment Management Inc. trimmed its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 43.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 295,700 shares of the technology company’s stock after selling 225,600 shares during the quarter. Weitz Investment Management Inc. owned 0.25% of ACI Worldwide worth $10,982,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Mercer Global Advisors Inc. ADV lifted its holdings in ACI Worldwide by 9.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 13,107 shares of the technology company’s stock valued at $487,000 after acquiring an additional 1,107 shares during the last quarter. Hancock Whitney Corp lifted its stake in ACI Worldwide by 0.5% during the second quarter. Hancock Whitney Corp now owns 73,575 shares of the technology company’s stock valued at $2,733,000 after buying an additional 338 shares in the last quarter. Value Holdings Management CO. LLC lifted its stake in ACI Worldwide by 43.4% during the second quarter. Value Holdings Management CO. LLC now owns 54,500 shares of the technology company’s stock valued at $2,024,000 after buying an additional 16,500 shares in the last quarter. Sei Investments Co. lifted its stake in ACI Worldwide by 0.3% during the second quarter. Sei Investments Co. now owns 443,893 shares of the technology company’s stock valued at $16,481,000 after buying an additional 1,293 shares in the last quarter. Finally, Bbva USA purchased a new stake in ACI Worldwide during the second quarter valued at about $399,000. 95.72% of the stock is owned by institutional investors.

ACIW stock traded up $0.30 during mid-day trading on Wednesday, reaching $32.35. 2,210 shares of the stock traded hands, compared to its average volume of 586,675. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91. ACI Worldwide, Inc. has a 52-week low of $24.28 and a 52-week high of $43.23. The company has a market cap of $3.80 billion, a P/E ratio of 44.51 and a beta of 1.12. The stock’s fifty day moving average is $33.39 and its 200-day moving average is $36.97.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data on Wednesday, August 4th. The technology company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The firm had revenue of $301.67 million for the quarter, compared to analysts’ expectations of $301.00 million. ACI Worldwide had a net margin of 6.79% and a return on equity of 15.00%. ACI Worldwide’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 earnings per share.

About ACI Worldwide

ACI Worldwide, Inc engages in the development, marketing, installation, and support of software products and solutions primarily focused on facilitating real-time electronic payments. It operates through the following segments: ACI on Premise and ACI on Demand. The ACI on Premise segment serves customers who manage their software on site.

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

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