Topic: How To Invest

Power Growth Investor Hotline – Friday, March 26, 2021

Article Excerpt

ACI WORLDWIDE INC., $38.21, is a buy. The company (symbol ACIW on Nasdaq) is the leading software provider for processing transactions by credit cards, debit cards, automated teller machines, point-of-sale terminals and interbank systems. Its products also work to cut fraud. The company’s more than 5,100 customers include 1,000 global financial institutions and thousands of retail giants. All together, they process $14 trillion in payments a day. ACI has now responded to pressure from activist investor Starboard Value LP by allowing Starboard to add two new independent directors to its board. The two new directors are Mary Harman and Samir Zabaneh. Ms. Harman most recently served as Managing Director, Enterprise Payments at Bank of America Corporation, having held various leadership roles there for more than a decade. Prior to Bank of America, Ms. Harman held positions at GE Equity at General Electric Company and at Ernst & Young LLP. She also served as Chairman of the Board at Early Warning. Mr. Zabaneh most recently…