Reinhart Partners LLC. Has $54.09 Million Holdings in ACI Worldwide, Inc. $ACIW

Reinhart Partners LLC. increased its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 10.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,131,409 shares of the technology company’s stock after purchasing an additional 107,471 shares during the period. Reinhart Partners LLC.’s holdings in ACI Worldwide were worth $54,093,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ACIW. Millennium Management LLC grew its stake in shares of ACI Worldwide by 160.4% during the first quarter. Millennium Management LLC now owns 157,816 shares of the technology company’s stock worth $8,634,000 after purchasing an additional 97,206 shares during the period. NewEdge Advisors LLC grew its stake in shares of ACI Worldwide by 93.4% during the first quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock worth $81,000 after purchasing an additional 711 shares during the period. Caxton Associates LLP acquired a new stake in shares of ACI Worldwide during the first quarter worth $259,000. Empowered Funds LLC grew its stake in shares of ACI Worldwide by 64.2% during the first quarter. Empowered Funds LLC now owns 16,362 shares of the technology company’s stock worth $895,000 after purchasing an additional 6,399 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of ACI Worldwide by 13.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company’s stock worth $22,285,000 after purchasing an additional 48,988 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

ACI Worldwide Stock Down 2.9%

ACIW stock opened at $43.71 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market capitalization of $4.44 billion, a P/E ratio of 21.96 and a beta of 1.00. The business has a 50-day moving average of $42.31 and a 200-day moving average of $43.58. ACI Worldwide, Inc. has a fifty-two week low of $38.05 and a fifty-two week high of $54.28.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.16. The company had revenue of $425.75 million during the quarter, compared to analysts’ expectations of $410.08 million. ACI Worldwide had a return on equity of 16.76% and a net margin of 11.51%.ACI Worldwide’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. On average, sell-side analysts anticipate that ACI Worldwide, Inc. will post 2.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ACIW shares. Zacks Research raised ACI Worldwide from a “strong sell” rating to a “hold” rating in a research note on Monday. Weiss Ratings cut ACI Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Finally, DA Davidson reissued a “buy” rating and issued a $60.00 target price on shares of ACI Worldwide in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

ACI Worldwide Company Profile

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.