ACI Worldwide, Inc. (NASDAQ:ACIW) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its position in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 5.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 144,122 shares of the technology company's stock after acquiring an additional 8,023 shares during the period. Harbor Capital Advisors Inc. owned 0.14% of ACI Worldwide worth $7,885,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of ACI Worldwide by 104.9% during the 4th quarter. Blue Trust Inc. now owns 582 shares of the technology company's stock valued at $30,000 after acquiring an additional 298 shares during the period. Choreo LLC increased its position in shares of ACI Worldwide by 125.7% during the fourth quarter. Choreo LLC now owns 14,462 shares of the technology company's stock valued at $745,000 after acquiring an additional 8,054 shares during the last quarter. Empowered Funds LLC purchased a new stake in ACI Worldwide during the fourth quarter worth about $517,000. Entropy Technologies LP purchased a new stake in shares of ACI Worldwide during the 4th quarter worth approximately $331,000. Finally, Burns Matteson Capital Management LLC purchased a new position in shares of ACI Worldwide during the 4th quarter valued at $366,000. 94.74% of the stock is currently owned by institutional investors.

ACI Worldwide Stock Performance

Shares of NASDAQ:ACIW traded down $1.81 during mid-day trading on Friday, reaching $45.07. 645,654 shares of the company traded hands, compared to its average volume of 737,374. The firm has a market cap of $4.73 billion, a PE ratio of 21.36 and a beta of 1.07. ACI Worldwide, Inc. has a 52 week low of $34.96 and a 52 week high of $59.71. The company's 50 day moving average price is $49.57 and its 200-day moving average price is $52.02. 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 (NASDAQ:ACIW - Get Free Report) last issued its earnings results on Thursday, May 8th. The technology company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18. ACI Worldwide had a return on equity of 21.67% and a net margin of 14.04%. The firm had revenue of $394.57 million for the quarter, compared to analysts' expectations of $364.36 million. During the same period in the previous year, the firm posted $0.10 earnings per share. The business's revenue was up 24.9% compared to the same quarter last year. On average, equities analysts expect that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Jefferies Financial Group cut their price objective on shares of ACI Worldwide from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. Wall Street Zen raised shares of ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Finally, DA Davidson raised ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 price target on the stock in a research note on Monday, May 12th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, ACI Worldwide has a consensus rating of "Moderate Buy" and an average price target of $60.00.

Insider Buying and Selling

In related news, CEO Thomas W. Warsop III acquired 5,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were purchased at an average price of $48.57 per share, for a total transaction of $242,850.00. Following the completion of the acquisition, the chief executive officer now directly owns 326,922 shares in the company, valued at $15,878,601.54. The trade was a 1.55% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary P. Harman sold 7,194 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $47.48, for a total value of $341,571.12. Following the completion of the sale, the director now owns 34,388 shares in the company, valued at approximately $1,632,742.24. This represents a 17.30% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

ACI Worldwide Company 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.