Kopion Asset Management LLC Has $5.35 Million Stock Position in ACI Worldwide, Inc. (NASDAQ:ACIW)

Kopion Asset Management LLC lessened its stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 20.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 103,106 shares of the technology company's stock after selling 26,120 shares during the period. ACI Worldwide comprises 3.8% of Kopion Asset Management LLC's portfolio, making the stock its 16th biggest holding. Kopion Asset Management LLC owned approximately 0.10% of ACI Worldwide worth $5,352,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in ACIW. Farther Finance Advisors LLC raised its stake in shares of ACI Worldwide by 177.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company's stock valued at $26,000 after buying an additional 321 shares in the last quarter. GAMMA Investing LLC increased its stake in ACI Worldwide by 62.0% in the third quarter. GAMMA Investing LLC now owns 2,116 shares of the technology company's stock valued at $108,000 after acquiring an additional 810 shares during the period. nVerses Capital LLC acquired a new position in ACI Worldwide in the third quarter worth about $112,000. USA Financial Formulas bought a new position in ACI Worldwide during the third quarter worth about $114,000. Finally, Capital Performance Advisors LLP bought a new position in ACI Worldwide during the third quarter worth about $118,000. 94.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ACIW. DA Davidson cut ACI Worldwide from a "buy" rating to a "neutral" rating and increased their target price for the stock from $57.00 to $60.00 in a report on Friday, November 8th. Stephens cut ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, ACI Worldwide currently has an average rating of "Hold" and a consensus price target of $49.50.

Insider Activity at ACI Worldwide

In other ACI Worldwide news, Director Adalio T. Sanchez sold 1,200 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total value of $68,736.00. Following the completion of the sale, the director now owns 43,272 shares in the company, valued at approximately $2,478,620.16. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Abraham Kuruvilla sold 5,400 shares of the company's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $55.71, for a total transaction of $300,834.00. Following the transaction, the chief technology officer now owns 81,107 shares in the company, valued at $4,518,470.97. The trade was a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

ACI Worldwide Price Performance

Shares of NASDAQ:ACIW traded up $1.08 during trading on Wednesday, reaching $53.48. The stock had a trading volume of 610,782 shares, compared to its average volume of 591,704. The stock has a market capitalization of $5.61 billion, a PE ratio of 25.35 and a beta of 1.21. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. ACI Worldwide, Inc. has a 52 week low of $28.79 and a 52 week high of $59.71. The business's 50-day moving average price is $54.40 and its 200 day moving average price is $49.65.

About ACI Worldwide

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.