Reinhart Partners LLC. Cuts Stock Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Reinhart Partners LLC. lessened its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 0.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,407,815 shares of the technology company’s stock after selling 962 shares during the period. ACI Worldwide accounts for approximately 2.8% of Reinhart Partners LLC.’s holdings, making the stock its 11th biggest position. Reinhart Partners LLC.’s holdings in ACI Worldwide were worth $73,050,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Oliver Luxxe Assets LLC grew its position in ACI Worldwide by 98.5% in the third quarter. Oliver Luxxe Assets LLC now owns 33,078 shares of the technology company’s stock worth $1,684,000 after acquiring an additional 16,418 shares in the last quarter. Algert Global LLC boosted its position in shares of ACI Worldwide by 811.5% during the second quarter. Algert Global LLC now owns 155,507 shares of the technology company’s stock valued at $6,157,000 after buying an additional 138,447 shares during the period. Sei Investments Co. boosted its position in shares of ACI Worldwide by 2.8% during the second quarter. Sei Investments Co. now owns 427,936 shares of the technology company’s stock valued at $16,942,000 after buying an additional 11,638 shares during the period. Verition Fund Management LLC boosted its position in shares of ACI Worldwide by 86.5% during the third quarter. Verition Fund Management LLC now owns 19,724 shares of the technology company’s stock valued at $1,004,000 after buying an additional 9,149 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of ACI Worldwide during the third quarter valued at approximately $1,248,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.

Insider Transactions at ACI Worldwide

In other news, 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 transaction of $68,736.00. Following the transaction, the director now directly owns 43,272 shares of the company’s stock, valued at approximately $2,478,620.16. This represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the chief technology officer now directly owns 81,107 shares in the company, valued at approximately $4,518,470.97. The trade was a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

ACI Worldwide Trading Up 0.4 %

Shares of ACI Worldwide stock traded up $0.19 on Monday, hitting $51.53. 253,068 shares of the company traded hands, compared to its average volume of 555,388. The stock’s 50 day moving average price is $54.35 and its 200-day moving average price 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. ACI Worldwide, Inc. has a 52 week low of $28.79 and a 52 week high of $59.71. The company has a market cap of $5.40 billion, a PE ratio of 24.42 and a beta of 1.21.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Stephens lowered ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. DA Davidson lowered ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their target price for the company from $57.00 to $60.00 in a research report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, ACI Worldwide presently has a consensus rating of “Hold” and a consensus target price of $49.50.

About ACI Worldwide

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.