Kopion Asset Management LLC Sells 11,065 Shares of ACI Worldwide, Inc. $ACIW

Kopion Asset Management LLC lessened its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 6.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 169,405 shares of the technology company’s stock after selling 11,065 shares during the period. ACI Worldwide accounts for 5.5% of Kopion Asset Management LLC’s holdings, making the stock its 9th biggest holding. Kopion Asset Management LLC’s holdings in ACI Worldwide were worth $8,281,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in ACI Worldwide during the second quarter valued at $823,821,000. Dimensional Fund Advisors LP raised its position in shares of ACI Worldwide by 13.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,813,150 shares of the technology company’s stock worth $115,364,000 after acquiring an additional 344,358 shares in the last quarter. Reinhart Partners LLC. raised its position in shares of ACI Worldwide by 8.5% in the 2nd quarter. Reinhart Partners LLC. now owns 2,424,247 shares of the technology company’s stock worth $121,916,000 after acquiring an additional 189,433 shares in the last quarter. North Reef Capital Management LP lifted its stake in shares of ACI Worldwide by 13.2% in the 1st quarter. North Reef Capital Management LP now owns 2,230,000 shares of the technology company’s stock valued at $91,452,000 after purchasing an additional 260,000 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of ACI Worldwide by 5.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,769,112 shares of the technology company’s stock valued at $72,551,000 after purchasing an additional 86,964 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

ACI Worldwide Stock Performance

Shares of ACIW stock traded down $0.43 on Friday, hitting $50.64. 83,795 shares of the stock were exchanged, compared to its average volume of 866,682. The firm has a market capitalization of $5.11 billion, a PE ratio of 23.27 and a beta of 0.99. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.52. The firm’s 50 day moving average is $52.14 and its two-hundred day moving average is $48.36. ACI Worldwide, Inc. has a one year low of $38.05 and a one year high of $61.08.

Analyst Upgrades and Downgrades

ACIW has been the topic of several recent analyst reports. Weiss Ratings raised ACI Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, September 21st. Zacks Research raised shares of ACI Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. DA Davidson reiterated a “buy” rating and set a $66.00 target price on shares of ACI Worldwide in a research report on Wednesday, September 2nd. Finally, Wall Street Zen lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $66.00.

ACI Worldwide Profile

ACI Worldwide, Inc is a global provider of payment software and electronic payment solutions. The company develops technology that enables banks, merchants, billers and other businesses to process digital payments, manage transactions and support real-time payment capabilities.

Its products and services include merchant payment processing, online and mobile payments, bill payment, account-to-account transfers, real-time payments, fraud prevention and transaction monitoring. ACI’s software is designed to support payment acceptance and processing across multiple channels, including e-commerce, mobile applications, automated teller machines and point-of-sale systems.

Founded in 1993 as Applied Communications, Inc, the company serves customers across North America, Europe, Asia-Pacific, Latin America and other international markets.