Reinhart Partners Inc. increased its position in ACI Worldwide Inc (NASDAQ:ACIW) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 121,370 shares of the technology company’s stock after purchasing an additional 5,309 shares during the quarter. Reinhart Partners Inc. owned approximately 0.10% of ACI Worldwide worth $3,802,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Huntington National Bank bought a new position in ACI Worldwide in the second quarter worth $27,000. Marshall Wace LLP bought a new position in shares of ACI Worldwide during the first quarter valued at $49,000. Tower Research Capital LLC TRC lifted its holdings in shares of ACI Worldwide by 89.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,690 shares of the technology company’s stock valued at $58,000 after acquiring an additional 796 shares during the period. Point72 Asset Management L.P. bought a new position in shares of ACI Worldwide during the second quarter valued at $69,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in shares of ACI Worldwide during the second quarter valued at $77,000. 99.62% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on the company. BTIG Research assumed coverage on ACI Worldwide in a report on Thursday, September 12th. They set a “buy” rating and a $40.00 price objective for the company. BidaskClub raised ACI Worldwide from a “sell” rating to a “hold” rating in a report on Wednesday, October 9th. ValuEngine cut ACI Worldwide from a “buy” rating to a “hold” rating in a report on Wednesday, September 25th. Finally, TheStreet raised ACI Worldwide from a “c+” rating to a “b” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $38.33.
Shares of NASDAQ:ACIW traded up $0.40 during midday trading on Friday, reaching $34.40. The company’s stock had a trading volume of 465,900 shares, compared to its average volume of 695,492. The company has a market capitalization of $3.72 billion, a P/E ratio of 30.99 and a beta of 1.28. The business’s fifty day simple moving average is $31.20 and its 200-day simple moving average is $32.01. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.29 and a quick ratio of 1.29. ACI Worldwide Inc has a fifty-two week low of $25.12 and a fifty-two week high of $35.86.
ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, November 7th. The technology company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.09). The firm had revenue of $354.90 million during the quarter, compared to the consensus estimate of $341.07 million. ACI Worldwide had a net margin of 7.74% and a return on equity of 10.14%. The company’s revenue was up 44.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS.
About ACI Worldwide
ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.
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