Wall Street analysts expect ACI Worldwide Inc (NASDAQ:ACIW) to announce earnings per share (EPS) of ($0.07) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for ACI Worldwide’s earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at ($0.06). ACI Worldwide reported earnings per share of ($0.01) during the same quarter last year, which suggests a negative year-over-year growth rate of 600%. The business is expected to issue its next quarterly earnings results before the market opens on Thursday, May 4th.
According to Zacks, analysts expect that ACI Worldwide will report full-year earnings of $0.42 per share for the current fiscal year, with EPS estimates ranging from $0.38 to $0.47. For the next fiscal year, analysts forecast that the firm will report earnings of $0.59 per share, with EPS estimates ranging from $0.51 to $0.66. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow ACI Worldwide.
ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, March 2nd. The technology company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. ACI Worldwide had a return on equity of 4.27% and a net margin of 10.97%. The firm had revenue of $343 million for the quarter, compared to the consensus estimate of $312.20 million. During the same period in the previous year, the business earned $0.40 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year.
ACIW has been the topic of several analyst reports. Zacks Investment Research raised shares of ACI Worldwide from a “strong sell” rating to a “hold” rating in a research report on Friday, January 13th. Raymond James Financial, Inc. raised shares of ACI Worldwide from an “underperform” rating to an “outperform” rating and set a $25.00 target price on the stock in a research report on Thursday, March 2nd. Avondale Partners downgraded shares of ACI Worldwide from a “market outperform” rating to a “market perform” rating in a research report on Friday, March 3rd. Finally, TheStreet raised shares of ACI Worldwide from a “c+” rating to a “b” rating in a research report on Thursday, March 16th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. ACI Worldwide presently has an average rating of “Buy” and a consensus price target of $23.67.
Shares of ACI Worldwide (NASDAQ:ACIW) traded up 0.05% during trading on Tuesday, reaching $21.50. The company had a trading volume of 767,235 shares. The stock’s 50-day moving average price is $21.64 and its 200-day moving average price is $19.65. ACI Worldwide has a 12 month low of $15.11 and a 12 month high of $22.95. The stock has a market capitalization of $2.52 billion, a PE ratio of 19.72 and a beta of 1.48.
In other ACI Worldwide news, Director John M. Shay, Jr. sold 30,000 shares of the stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $22.00, for a total transaction of $660,000.00. Following the transaction, the director now directly owns 80,829 shares of the company’s stock, valued at $1,778,238. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.10% of the company’s stock.
Large investors have recently modified their holdings of the stock. LS Investment Advisors LLC increased its stake in shares of ACI Worldwide by 5.7% in the third quarter. LS Investment Advisors LLC now owns 7,399 shares of the technology company’s stock valued at $143,000 after buying an additional 400 shares in the last quarter. Capstone Asset Management Co. acquired a new stake in shares of ACI Worldwide during the first quarter valued at about $220,000. Quadrature Capital Ltd acquired a new stake in shares of ACI Worldwide during the fourth quarter valued at about $218,000. Wrapmanager Inc. increased its stake in shares of ACI Worldwide by 13.2% in the fourth quarter. Wrapmanager Inc. now owns 12,364 shares of the technology company’s stock valued at $224,000 after buying an additional 1,437 shares in the last quarter. Finally, Brown Advisory Inc. increased its stake in shares of ACI Worldwide by 15.9% in the fourth quarter. Brown Advisory Inc. now owns 14,166 shares of the technology company’s stock valued at $257,000 after buying an additional 1,941 shares in the last quarter. 99.96% of the stock is currently owned by institutional investors.
ACI Worldwide Company Profile
ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.
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