Reinhart Partners LLC. decreased its stake in ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) by 42.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,404,879 shares of the technology company’s stock after selling 1,019,368 shares during the period. ACI Worldwide accounts for approximately 1.7% of Reinhart Partners LLC.’s holdings, making the stock its 29th largest position. Reinhart Partners LLC. owned approximately 1.39% of ACI Worldwide worth $68,670,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of ACIW. BlackRock Inc. bought a new stake in ACI Worldwide during the second quarter worth about $823,821,000. Rice Hall James & Associates LLC bought a new position in ACI Worldwide in the second quarter valued at approximately $50,622,000. Bank of New York Mellon Corp acquired a new position in shares of ACI Worldwide during the 2nd quarter worth approximately $31,949,000. North Star Asset Management Inc. acquired a new position in shares of ACI Worldwide during the 2nd quarter worth approximately $29,129,000. Finally, Bank of America Corp DE bought a new stake in shares of ACI Worldwide during the 2nd quarter worth approximately $27,391,000. Institutional investors and hedge funds own 94.73% of the company’s stock.
ACI Worldwide Price Performance
NASDAQ:ACIW opened at $50.87 on Friday. ACI Worldwide, Inc. has a 12-month low of $38.05 and a 12-month high of $61.08. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 23.33 and a beta of 0.99. The stock’s 50 day moving average price is $52.01 and its two-hundred day moving average price is $48.38. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.52.
Analyst Ratings Changes
Read Our Latest Report on ACI Worldwide
ACI Worldwide Company Profile
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.
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