Weitz Investment Management Inc. Has $10.98 Million Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Weitz Investment Management Inc. cut its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 43.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 295,700 shares of the technology company’s stock after selling 225,600 shares during the quarter. Weitz Investment Management Inc.’s holdings in ACI Worldwide were worth $10,982,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in ACI Worldwide by 4.2% in the first quarter. Envestnet Asset Management Inc. now owns 99,840 shares of the technology company’s stock worth $3,799,000 after purchasing an additional 4,014 shares during the period. Franklin Resources Inc. increased its position in ACI Worldwide by 20.8% in the first quarter. Franklin Resources Inc. now owns 2,201,771 shares of the technology company’s stock worth $83,777,000 after purchasing an additional 379,855 shares during the period. Eaton Vance Management increased its position in ACI Worldwide by 11.1% in the first quarter. Eaton Vance Management now owns 2,085,918 shares of the technology company’s stock worth $79,370,000 after purchasing an additional 208,564 shares during the period. ClariVest Asset Management LLC increased its position in ACI Worldwide by 8.9% in the first quarter. ClariVest Asset Management LLC now owns 78,468 shares of the technology company’s stock worth $2,985,000 after purchasing an additional 6,420 shares during the period. Finally, Value Holdings Management CO. LLC increased its position in ACI Worldwide by 43.4% in the second quarter. Value Holdings Management CO. LLC now owns 54,500 shares of the technology company’s stock worth $2,024,000 after purchasing an additional 16,500 shares during the period. Institutional investors own 95.72% of the company’s stock.

ACIW stock traded up $0.30 during midday trading on Wednesday, reaching $32.35. The stock had a trading volume of 2,210 shares, compared to its average volume of 586,675. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 44.51 and a beta of 1.12. ACI Worldwide, Inc. has a twelve month low of $24.28 and a twelve month high of $43.23. The business has a fifty day simple moving average of $33.39 and a two-hundred day simple moving average of $36.97. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.91.

ACI Worldwide (NASDAQ:ACIW) last posted its earnings results on Wednesday, August 4th. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.02). The company had revenue of $301.67 million for the quarter, compared to analyst estimates of $301.00 million. ACI Worldwide had a return on equity of 15.00% and a net margin of 6.79%. ACI Worldwide’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 earnings per share.

ACI Worldwide Company Profile

ACI Worldwide, Inc engages in the development, marketing, installation, and support of software products and solutions primarily focused on facilitating real-time electronic payments. It operates through the following segments: ACI on Premise and ACI on Demand. The ACI on Premise segment serves customers who manage their software on site.

Further Reading: Market Perform

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Institutional Ownership by Quarter for ACI Worldwide (NASDAQ:ACIW)

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