Weitz Investment Focuses on the Silver Lining for ACI Worldwide (ACIW)

Weitz Investment Management, an investment management firm, published its “Partners Value Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly return of +0.03% was recorded by the fund for the third quarter of 2021, compared to +0.58% for the S&P 500 and -0.10% for the Russell 3000 respectively for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Weitz Investment Management Partners Value Fund in its Q4 2021 investor letter, mentioned ACI Worldwide, Inc. (NASDAQ: ACIW) and discussed its stance on the firm. ACI Worldwide, Inc. is a Miami, Florida-based payment systems company with a $3.8 billion market capitalization. ACIW delivered a -4.55% return since the beginning of the year, while its 12-month returns are down by -18.28%. The stock closed at $33.12 per share on February 4, 2022.

Here is what Weitz Investment Management Partners Value Fund has to say about ACI Worldwide, Inc. in its Q4 2021 investor letter:

“Detractors for the year had a consistent theme: they were all – by broad definition – software and data/information service providers. Enterprise software companies including ACI Worldwide (payments) experienced price markdowns. These are extremely good businesses, run by savvy managers, operating in advantaged markets. Each is a leader in its respective area of expertise. Even though they were laggards for the year, we like our chances with this group over the next few years.”

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Our calculations show that ACI Worldwide, Inc. (NASDAQ: ACIW) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. ACIW was in 28 hedge fund portfolios at the end of the third quarter of 2021, compared to 26 funds in the previous quarter. ACI Worldwide, Inc. (NASDAQ: ACIW) delivered a 2.38% return in the past 3 months.

In November 2021, we also shared another hedge fund’s views on ACIW in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.