Starboard tries to search out one other winner within the fintech house
Jeffrey Smith, CEO of Starboard Worth LP and Chairman of Papa John’s Worldwide Inc.
Brendan McDermid | Reuters
Enterprise: ACI Worldwide, Inc. develops and markets software program services targeted on facilitating digital funds. Its services are used principally by monetary establishments, retailers, billers and digital cost processors, each in home and worldwide markets.
Inventory Market Worth: $3.7 billion ($32.14 per share)
Share Possession: 9.0%
Common Price: $27.83
Activist Commentary: Starboard is a really profitable activist investor and has intensive expertise serving to firms give attention to operational effectivity and margin enchancment. Starboard has had current success within the digital funds business. It filed a 13D on Green Dot Corp (GDOT) on February 3, 2020 and has seen a return on its funding of 126.60% versus 5.48% for the S&P500 over the identical time interval.