Kopion Asset Management LLC Sells 26,120 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Kopion Asset Management LLC decreased its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 20.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,106 shares of the technology company’s stock after selling 26,120 shares during the quarter. ACI Worldwide comprises approximately 3.8% of Kopion Asset Management LLC’s portfolio, making the stock its 16th biggest position. Kopion Asset Management LLC owned 0.10% of ACI Worldwide worth $5,352,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Oliver Luxxe Assets LLC grew its stake in ACI Worldwide by 98.5% in the third quarter. Oliver Luxxe Assets LLC now owns 33,078 shares of the technology company’s stock worth $1,684,000 after purchasing an additional 16,418 shares during the period. Algert Global LLC lifted its holdings in shares of ACI Worldwide by 811.5% during the second quarter. Algert Global LLC now owns 155,507 shares of the technology company’s stock valued at $6,157,000 after purchasing an additional 138,447 shares in the last quarter. Sei Investments Co. boosted its position in shares of ACI Worldwide by 2.8% during the second quarter. Sei Investments Co. now owns 427,936 shares of the technology company’s stock valued at $16,942,000 after buying an additional 11,638 shares during the last quarter. Verition Fund Management LLC increased its holdings in ACI Worldwide by 86.5% in the 3rd quarter. Verition Fund Management LLC now owns 19,724 shares of the technology company’s stock worth $1,004,000 after buying an additional 9,149 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of ACI Worldwide during the third quarter valued at approximately $1,248,000. Institutional investors own 94.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ACIW shares. Stephens cut ACI Worldwide from an “overweight” rating to an “equal weight” rating in a report on Friday, October 18th. DA Davidson cut ACI Worldwide from a “buy” rating to a “neutral” rating and raised their target price for the stock from $57.00 to $60.00 in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $49.50.

ACI Worldwide Price Performance

Shares of NASDAQ ACIW traded up $1.02 during midday trading on Wednesday, reaching $53.42. The stock had a trading volume of 15,209 shares, compared to its average volume of 524,347. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 25.32 and a beta of 1.21. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a 50-day moving average of $54.38 and a 200-day moving average of $49.55. ACI Worldwide, Inc. has a 12-month low of $28.79 and a 12-month high of $59.71.

Insider Activity

In other news, Director Adalio T. Sanchez sold 1,200 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $57.28, for a total value of $68,736.00. Following the sale, the director now directly owns 43,272 shares in the company, valued at approximately $2,478,620.16. This represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Abraham Kuruvilla sold 5,400 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $55.71, for a total transaction of $300,834.00. Following the completion of the transaction, the chief technology officer now owns 81,107 shares in the company, valued at approximately $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. Company insiders own 1.00% of the company’s stock.

ACI Worldwide Profile

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.