Reinhart Partners LLC. Trims Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Reinhart Partners LLC. decreased its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 7.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,303,598 shares of the technology company's stock after selling 104,217 shares during the quarter. ACI Worldwide makes up 2.6% of Reinhart Partners LLC.'s holdings, making the stock its 17th largest holding. Reinhart Partners LLC. owned about 1.24% of ACI Worldwide worth $71,320,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ACIW. Blue Trust Inc. grew its position in shares of ACI Worldwide by 104.9% during the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock worth $30,000 after buying an additional 298 shares in the last quarter. Choreo LLC grew its position in shares of ACI Worldwide by 125.7% during the 4th quarter. Choreo LLC now owns 14,462 shares of the technology company's stock worth $745,000 after buying an additional 8,054 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of ACI Worldwide during the 4th quarter worth $290,000. EULAV Asset Management bought a new position in shares of ACI Worldwide during the 4th quarter worth $5,463,000. Finally, Empowered Funds LLC bought a new position in shares of ACI Worldwide during the 4th quarter worth $517,000. Institutional investors own 94.74% of the company's stock.

ACI Worldwide Stock Down 0.9%

ACIW stock traded down $0.41 during trading on Tuesday, reaching $47.38. 742,988 shares of the company traded hands, compared to its average volume of 737,355. ACI Worldwide, Inc. has a 12 month low of $34.04 and a 12 month high of $59.71. The business has a 50 day simple moving average of $49.75 and a 200 day simple moving average of $52.22. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 22.46 and a beta of 1.07. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.18. ACI Worldwide had a return on equity of 21.67% and a net margin of 14.04%. The company had revenue of $394.57 million for the quarter, compared to the consensus estimate of $364.36 million. During the same quarter last year, the company earned $0.10 earnings per share. The firm's revenue for the quarter was up 24.9% compared to the same quarter last year. On average, equities research analysts anticipate that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Insider Buying and Selling at ACI Worldwide

In other ACI Worldwide news, CEO Thomas W. Warsop III purchased 5,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was bought at an average cost of $48.57 per share, for a total transaction of $242,850.00. Following the completion of the purchase, the chief executive officer now owns 326,922 shares in the company, valued at $15,878,601.54. This represents a 1.55% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group dropped their price target on ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. DA Davidson raised ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price objective on the stock in a research report on Monday, May 12th. Finally, Wall Street Zen raised ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $60.00.

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.