11,065 ACI Worldwide, Inc. $ACIW Shares Sold by Kopion Asset Management LLC

Kopion Asset Management LLC cut its position in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 6.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 portfolio, making the stock its 9th largest holding. Kopion Asset Management LLC owned 0.17% of ACI Worldwide worth $8,281,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new position in ACI Worldwide during the second quarter worth approximately $823,821,000. Reinhart Partners LLC. lifted its position in ACI Worldwide by 8.5% during the second quarter. Reinhart Partners LLC. now owns 2,424,247 shares of the technology company’s stock worth $121,916,000 after purchasing an additional 189,433 shares during the period. Dimensional Fund Advisors LP increased its holdings in 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 valued at $115,364,000 after buying an additional 344,358 shares during the period. North Reef Capital Management LP raised its position 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 buying an additional 260,000 shares in the last quarter. Finally, Congress Asset Management Co. raised its position in shares of ACI Worldwide by 9.1% in the 3rd quarter. Congress Asset Management Co. now owns 1,737,223 shares of the technology company’s stock valued at $84,915,000 after buying an additional 144,917 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

ACI Worldwide Trading Down 0.8%

NASDAQ ACIW traded down $0.43 on Friday, reaching $50.64. The company had a trading volume of 83,795 shares, compared to its average volume of 866,682. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 23.27 and a beta of 0.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 1.58. ACI Worldwide, Inc. has a fifty-two week low of $38.05 and a fifty-two week high of $61.08. The business has a 50 day moving average of $52.14 and a two-hundred day moving average of $48.36.

Analysts Set New Price Targets

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

ACI Worldwide Company 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.