ACI Worldwide, Inc. (NASDAQ:ACIW) Position Trimmed by Reinhart Partners LLC.

Reinhart Partners LLC. reduced its stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 7.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,303,598 shares of the technology company's stock after selling 104,217 shares during the period. ACI Worldwide accounts for 2.6% of Reinhart Partners LLC.'s holdings, making the stock its 17th biggest holding. Reinhart Partners LLC. owned about 1.24% of ACI Worldwide worth $71,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of ACIW. Norges Bank acquired a new position in ACI Worldwide during the fourth quarter worth about $75,868,000. Congress Asset Management Co. purchased a new position in shares of ACI Worldwide in the 4th quarter valued at $55,998,000. American Century Companies Inc. boosted its stake in ACI Worldwide by 206.2% during the 4th quarter. American Century Companies Inc. now owns 1,005,479 shares of the technology company's stock worth $52,194,000 after purchasing an additional 677,143 shares during the period. Geode Capital Management LLC lifted its stake in shares of ACI Worldwide by 18.4% in the 4th quarter. Geode Capital Management LLC now owns 2,962,449 shares of the technology company's stock worth $154,095,000 after acquiring an additional 459,821 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of ACI Worldwide by 160.4% in the 4th quarter. Ameriprise Financial Inc. now owns 674,799 shares of the technology company's stock valued at $35,027,000 after purchasing an additional 415,612 shares in the last quarter. Hedge funds and other institutional investors own 94.74% of the company's stock.

ACI Worldwide Trading Up 0.7%

ACI Worldwide stock traded up $0.33 during trading on Friday, reaching $47.30. The company had a trading volume of 560,301 shares, compared to its average volume of 737,565. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 22.42 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, Inc. has a 12-month low of $33.32 and a 12-month high of $59.71. The stock's 50 day moving average price is $50.06 and its two-hundred day moving average price is $52.33.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last announced its quarterly earnings results 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 net margin of 14.04% and a return on equity of 21.67%. The firm had revenue of $394.57 million for the quarter, compared to analysts' expectations of $364.36 million. During the same period in the previous year, the company posted $0.10 earnings per share. ACI Worldwide's revenue was up 24.9% compared to the same quarter last year. As a group, equities analysts expect that ACI Worldwide, Inc. will post 2 earnings per share for the current fiscal year.

Insider Transactions at ACI Worldwide

In related news, CEO Thomas W. Warsop III purchased 5,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were purchased at an average cost of $48.57 per share, with a total value of $242,850.00. Following the completion of the acquisition, the chief executive officer now directly owns 326,922 shares of the company's stock, valued at approximately $15,878,601.54. The trade was a 1.55% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

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

ACI Worldwide Profile

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.