Jeff Smith’s Top 5 Stock Picks

4. ACI Worldwide, Inc. (NASDAQ: ACIW)

Value: $371,459,000
Percent of Jeffrey Smith’s 13F Portfolio: 9.44%
No. of Hedge Fund Holders: 30

ACI Worldwide ranks 4th on the list of Jeff Smith’s top 10 stock picks. The payments company’s stock is up 60% over the last 12 months. The company in February reached an agreement with Starboard value to add two new independent directors. Starboard named Tom Cusack as board observer as part of the agreement. In December 2020, Jeff Smith in a letter pushed the company to consider putting itself up for a sale.

As of the end of the fourth quarter, there were 30 hedge funds in Insider Monkey’s database that held stakes in ACI Worldwide, compared to 29 funds in the third quarter. Starboard Value, with 9.7 million shares of ACIW, is the biggest stakeholder in the company.