Harbor Capital Advisors Inc. Purchases 2,418 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Harbor Capital Advisors Inc. grew its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 136,099 shares of the technology company’s stock after purchasing an additional 2,418 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.13% of ACI Worldwide worth $7,065,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. State Street Corp boosted its stake in ACI Worldwide by 1.3% in the third quarter. State Street Corp now owns 4,455,864 shares of the technology company’s stock valued at $226,803,000 after acquiring an additional 56,919 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of ACI Worldwide by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,502,628 shares of the technology company’s stock valued at $127,407,000 after purchasing an additional 31,561 shares during the period. Hood River Capital Management LLC boosted its position in shares of ACI Worldwide by 44.9% in the 2nd quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company’s stock worth $95,029,000 after purchasing an additional 743,595 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of ACI Worldwide by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,389,734 shares of the technology company’s stock worth $70,737,000 after purchasing an additional 33,408 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in ACI Worldwide by 144.1% in the third quarter. Assenagon Asset Management S.A. now owns 482,740 shares of the technology company’s stock valued at $24,571,000 after purchasing an additional 285,001 shares during the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.

ACI Worldwide Stock Down 2.2 %

Shares of NASDAQ ACIW traded down $1.17 during mid-day trading on Friday, reaching $50.95. 222,358 shares of the company’s stock were exchanged, compared to its average volume of 515,422. ACI Worldwide, Inc. has a twelve month low of $28.79 and a twelve month high of $59.71. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 24.15 and a beta of 1.21. The business has a fifty day simple moving average of $54.31 and a 200 day simple moving average of $49.20.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Stephens lowered ACI Worldwide from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 18th. DA Davidson cut shares of ACI Worldwide from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $57.00 to $60.00 in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.50.

Insiders Place Their Bets

In related news, CTO Abraham Kuruvilla sold 5,400 shares of ACI Worldwide stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $55.71, for a total value of $300,834.00. Following the sale, the chief technology officer now owns 81,107 shares of the company’s stock, valued at approximately $4,518,470.97. This trade represents a 6.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Adalio T. Sanchez sold 1,200 shares of the company’s 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 transaction, the director now directly owns 43,272 shares of the company’s stock, valued at approximately $2,478,620.16. This trade represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.