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

Harbor Capital Advisors Inc. increased its stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW) by 1.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 136,099 shares of the technology company’s stock after acquiring an additional 2,418 shares during the period. Harbor Capital Advisors Inc.’s holdings in ACI Worldwide were worth $7,065,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. State Street Corp increased its holdings in ACI Worldwide by 1.3% during the third quarter. State Street Corp now owns 4,455,864 shares of the technology company’s stock worth $226,803,000 after buying an additional 56,919 shares during the last quarter. Geode Capital Management LLC grew its position 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 acquiring an additional 31,561 shares during the period. Hood River Capital Management LLC increased its stake in shares of ACI Worldwide by 44.9% during 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. raised its holdings in shares of ACI Worldwide by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,389,734 shares of the technology company’s stock valued at $70,737,000 after purchasing an additional 33,408 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in ACI Worldwide by 144.1% in the 3rd 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. 94.74% of the stock is owned by institutional investors and hedge funds.

ACI Worldwide Stock Performance

Shares of NASDAQ ACIW traded down $1.17 during trading hours on Friday, reaching $50.95. 222,358 shares of the stock were exchanged, compared to its average volume of 515,422. 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 stock’s fifty day simple moving average is $54.31 and its 200 day simple moving average is $49.20. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. ACI Worldwide, Inc. has a 52 week low of $28.79 and a 52 week high of $59.71.

Insiders Place Their Bets

In related news, CTO Abraham Kuruvilla sold 5,400 shares of the business’s 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 completion of the sale, the chief technology officer now directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Adalio T. Sanchez sold 1,200 shares of the firm’s stock in a transaction 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 owns 43,272 shares in the company, 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. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

About ACI Worldwide

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.