1,019,368 ACI Worldwide, Inc. $ACIW Shares Sold by Reinhart Partners LLC.

by · The Markets Daily

Reinhart Partners LLC. cut its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) by 42.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,404,879 shares of the technology company’s stock after selling 1,019,368 shares during the quarter. ACI Worldwide makes up 1.7% of Reinhart Partners LLC.’s investment portfolio, making the stock its 29th largest position. Reinhart Partners LLC.’s holdings in ACI Worldwide were worth $68,670,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Essential Partners LLC increased its stake in shares of ACI Worldwide by 80.3% during the first quarter. Essential Partners LLC now owns 734 shares of the technology company’s stock worth $30,000 after purchasing an additional 327 shares during the period. IFP Advisors Inc grew its holdings in ACI Worldwide by 138.5% in the 2nd quarter. IFP Advisors Inc now owns 1,121 shares of the technology company’s stock valued at $56,000 after buying an additional 651 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in ACI Worldwide by 47.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the technology company’s stock worth $57,000 after buying an additional 444 shares during the period. Allworth Financial LP acquired a new stake in shares of ACI Worldwide during the second quarter worth $58,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of ACI Worldwide in the second quarter valued at about $70,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Wall Street Analysts Forecast Growth

ACIW has been the topic of several research reports. DA Davidson restated a “buy” rating and issued a $66.00 price target on shares of ACI Worldwide in a research note on Wednesday, September 2nd. Wall Street Zen downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings lowered shares of ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Finally, Zacks Research raised shares of ACI Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $66.00.

Check Out Our Latest Stock Analysis on ACI Worldwide

ACI Worldwide Price Performance

ACIW stock opened at $50.87 on Friday. The company’s 50-day moving average price is $52.01 and its two-hundred day moving average price is $48.38. The firm has a market cap of $5.14 billion, a P/E ratio of 23.33 and a beta of 0.99. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. ACI Worldwide, Inc. has a 12 month low of $38.05 and a 12 month high of $61.08.

ACI Worldwide Profile

(Free Report)

ACI Worldwide, Inc is a global provider of payment software and electronic payment solutions. The company develops technology that enables banks, merchants, billers and other businesses to process digital payments, manage transactions and support real-time payment capabilities.

Its products and services include merchant payment processing, online and mobile payments, bill payment, account-to-account transfers, real-time payments, fraud prevention and transaction monitoring. ACI’s software is designed to support payment acceptance and processing across multiple channels, including e-commerce, mobile applications, automated teller machines and point-of-sale systems.

Founded in 1993 as Applied Communications, Inc, the company serves customers across North America, Europe, Asia-Pacific, Latin America and other international markets.

Further Reading

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