Value Holdings Management CO. LLC Acquires New Holdings in ACI Worldwide, Inc. $ACIW

Key Points

• Value Holdings Management acquired 360,900 ACI Worldwide shares worth approximately $18.15 million, making the position 3% of its portfolio and representing about 0.35% of ACI’s outstanding stock.
• Institutional interest remains high: BlackRock initiated an $823.8 million position, while several other funds increased their holdings. Institutional investors and hedge funds collectively own 94.73% of ACI Worldwide.
• Analyst sentiment is broadly positive, with ACI carrying a “Moderate Buy” consensus rating and an average price target of $66, compared with a recent opening price of $51.57.

Value Holdings Management CO. LLC purchased a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 360,900 shares of the technology company's stock, valued at approximately $18,150,000. ACI Worldwide comprises about 3.0% of Value Holdings Management CO. LLC's portfolio, making the stock its 12th largest position. Value Holdings Management CO. LLC owned about 0.35% of ACI Worldwide as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. bought a new position in ACI Worldwide during the second quarter worth $823,821,000. Dimensional Fund Advisors LP increased its holdings in ACI Worldwide by 13.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,813,150 shares of the technology company's stock worth $115,364,000 after purchasing an additional 344,358 shares in the last quarter. Reinhart Partners LLC. raised its position in ACI Worldwide by 8.5% in the 2nd quarter. Reinhart Partners LLC. now owns 2,424,247 shares of the technology company's stock valued at $121,916,000 after buying an additional 189,433 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of ACI Worldwide by 4.8% during the third quarter. Alliancebernstein L.P. now owns 2,336,124 shares of the technology company's stock valued at $123,277,000 after purchasing an additional 107,993 shares in the last quarter. Finally, North Reef Capital Management LP lifted its position in shares of ACI Worldwide by 13.2% during the 1st quarter. North Reef Capital Management LP now owns 2,230,000 shares of the technology company's stock worth $91,452,000 after buying an additional 260,000 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ACIW shares. Zacks Research upgraded ACI Worldwide from a "strong sell" rating to a "hold" rating in a research note on Monday, June 1st. Wall Street Zen lowered shares of ACI Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. DA Davidson set a $66.00 price objective on ACI Worldwide and gave the stock a "buy" rating in a report on Friday, August 7th. Finally, Weiss Ratings raised ACI Worldwide from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, ACI Worldwide has an average rating of "Moderate Buy" and an average price target of $66.00.

ACI Worldwide Stock Down 0.8%

Shares of ACI Worldwide stock opened at $51.57 on Friday. ACI Worldwide, Inc. has a 12-month low of $38.05 and a 12-month high of $61.08. The company has a market cap of $5.21 billion, a P/E ratio of 23.66 and a beta of 0.97. The company's fifty day simple moving average is $53.05 and its two-hundred day simple moving average is $45.75. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.52.

About ACI Worldwide

ACI Worldwide NASDAQ: ACIW is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company's platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI's modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.

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