Analysts predict that ACI Worldwide Inc (NASDAQ:ACIW) will report $219.84 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for ACI Worldwide’s earnings, with estimates ranging from $206.00 million to $233.67 million. ACI Worldwide reported sales of $231.46 million in the same quarter last year, which indicates a negative year over year growth rate of 5%. The business is scheduled to issue its next earnings results on Thursday, May 3rd.
On average, analysts expect that ACI Worldwide will report full year sales of $219.84 million for the current year. For the next fiscal year, analysts expect that the firm will report sales of $1.10 billion per share. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover ACI Worldwide.
ACI Worldwide (NASDAQ:ACIW) last issued its earnings results on Thursday, February 22nd. The technology company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.21. The firm had revenue of $326.40 million during the quarter, compared to the consensus estimate of $322.12 million. ACI Worldwide had a net margin of 0.50% and a return on equity of 12.04%. The company’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 earnings per share.
ACIW has been the subject of a number of analyst reports. TheStreet upgraded shares of ACI Worldwide from a “c+” rating to a “b” rating in a research note on Monday, March 12th. BidaskClub upgraded shares of ACI Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, March 8th. Finally, Zacks Investment Research upgraded shares of ACI Worldwide from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Tuesday, February 27th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. ACI Worldwide currently has a consensus rating of “Buy” and an average target price of $27.00.
In other ACI Worldwide news, Director John M. Shay, Jr. sold 63,781 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $24.85, for a total value of $1,584,957.85. Following the completion of the transaction, the director now owns 91,896 shares in the company, valued at $2,283,615.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Anthony M. Scotto, Jr. sold 40,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $23.73, for a total transaction of $949,200.00. The disclosure for this sale can be found here. Insiders sold 133,781 shares of company stock valued at $3,256,858 in the last 90 days. 4.20% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACIW. Crossmark Global Holdings Inc. acquired a new position in ACI Worldwide in the third quarter valued at $247,000. Principal Financial Group Inc. boosted its stake in ACI Worldwide by 1.7% in the third quarter. Principal Financial Group Inc. now owns 507,337 shares of the technology company’s stock valued at $11,557,000 after acquiring an additional 8,598 shares in the last quarter. FDx Advisors Inc. boosted its stake in ACI Worldwide by 23.7% in the third quarter. FDx Advisors Inc. now owns 26,802 shares of the technology company’s stock valued at $611,000 after acquiring an additional 5,141 shares in the last quarter. Rhumbline Advisers boosted its stake in ACI Worldwide by 6.8% in the third quarter. Rhumbline Advisers now owns 273,557 shares of the technology company’s stock valued at $6,232,000 after acquiring an additional 17,474 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in ACI Worldwide by 2.4% in the third quarter. Bank of New York Mellon Corp now owns 1,462,825 shares of the technology company’s stock valued at $33,323,000 after acquiring an additional 34,226 shares in the last quarter.
ACI Worldwide (NASDAQ ACIW) opened at $25.97 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market cap of $3,013.53, a price-to-earnings ratio of 32.91, a P/E/G ratio of 3.31 and a beta of 1.18. ACI Worldwide has a 12 month low of $20.23 and a 12 month high of $26.25.
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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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