Harbor Capital Advisors Inc. Purchases 8,023 Shares of ACI Worldwide, Inc. (NASDAQ:ACIW)

Harbor Capital Advisors Inc. boosted its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 5.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC lifted its position in ACI Worldwide by 11.9% during the fourth quarter. Barclays PLC now owns 253,061 shares of the technology company's stock worth $13,136,000 after acquiring an additional 26,888 shares during the last quarter. Bank of America Corp DE boosted its position in shares of ACI Worldwide by 267.7% in the fourth quarter. Bank of America Corp DE now owns 563,335 shares of the technology company's stock valued at $29,243,000 after acquiring an additional 410,142 shares during the period. AXA S.A. raised its stake in ACI Worldwide by 11.6% in the 4th quarter. AXA S.A. now owns 144,007 shares of the technology company's stock worth $7,475,000 after purchasing an additional 14,994 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of ACI Worldwide during the 4th quarter worth approximately $519,000. Finally, Algert Global LLC raised its position in shares of ACI Worldwide by 7.9% in the fourth quarter. Algert Global LLC now owns 184,730 shares of the technology company's stock valued at $9,589,000 after buying an additional 13,533 shares in the last quarter. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Thomas W. Warsop III bought 5,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were purchased at an average cost of $48.57 per share, with a total value of $242,850.00. Following the acquisition, the chief executive officer now owns 326,922 shares of the company's stock, valued at $15,878,601.54. This represents a 1.55% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

ACI Worldwide Price Performance

Shares of ACI Worldwide stock traded down $0.41 during midday trading on Tuesday, hitting $47.38. 742,988 shares of the company traded hands, compared to its average volume of 736,827. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 22.46 and a beta of 1.07. 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 firm's fifty day moving average price is $49.87 and its 200-day moving average price is $52.25. ACI Worldwide, Inc. has a 12 month low of $33.32 and a 12 month high of $59.71.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.18. The company had revenue of $394.57 million for the quarter, compared to the consensus estimate of $364.36 million. ACI Worldwide had a return on equity of 21.67% and a net margin of 14.04%. ACI Worldwide's revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. As a group, sell-side analysts forecast that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

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.