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

Harbor Capital Advisors Inc. increased its stake in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 14.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,681 shares of the technology company's stock after buying an additional 17,105 shares during the period. Harbor Capital Advisors Inc. owned 0.13% of ACI Worldwide worth $6,804,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hood River Capital Management LLC raised its stake in shares of ACI Worldwide by 44.9% during the second quarter. Hood River Capital Management LLC now owns 2,400,340 shares of the technology company's stock valued at $95,029,000 after acquiring an additional 743,595 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of 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 worth $24,571,000 after buying an additional 285,001 shares during the period. Swedbank AB grew its position in shares of ACI Worldwide by 228.6% during the 2nd quarter. Swedbank AB now owns 328,600 shares of the technology company's stock worth $13,009,000 after buying an additional 228,600 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of ACI Worldwide by 1.5% during the first quarter. Vanguard Group Inc. now owns 13,400,916 shares of the technology company's stock valued at $445,044,000 after buying an additional 196,099 shares during the period. Finally, Great Lakes Advisors LLC purchased a new position in shares of ACI Worldwide during the second quarter valued at $7,696,000. Institutional investors own 94.74% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on ACIW shares. DA Davidson increased their target price on shares of ACI Worldwide from $52.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. StockNews.com lowered shares of ACI Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. Canaccord Genuity Group upped their target price on ACI Worldwide from $40.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Needham & Company LLC reiterated a "hold" rating on shares of ACI Worldwide in a report on Friday, August 2nd. Finally, Stephens lowered ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, ACI Worldwide presently has an average rating of "Moderate Buy" and an average target price of $48.75.

ACI Worldwide Stock Up 0.6 %

Shares of ACI Worldwide stock traded up $0.29 during trading on Friday, reaching $49.49. The company's stock had a trading volume of 440,782 shares, compared to its average volume of 563,313. ACI Worldwide, Inc. has a 1-year low of $20.62 and a 1-year high of $53.29. The company has a 50-day simple moving average of $49.80 and a two-hundred day simple moving average of $42.69. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.79. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 29.28 and a beta of 1.19.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.24. The firm had revenue of $373.48 million for the quarter, compared to the consensus estimate of $349.95 million. ACI Worldwide had a net margin of 12.01% and a return on equity of 19.18%. As a group, equities analysts forecast that ACI Worldwide, Inc. will post 1.96 earnings per share for the current year.

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.