Equities research analysts expect ACI Worldwide Inc (NASDAQ:ACIW) to post earnings per share (EPS) of ($0.07) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for ACI Worldwide’s earnings. The lowest EPS estimate is ($0.09) and the highest is ($0.06). ACI Worldwide reported earnings per share of ($0.01) in the same quarter last year, which suggests a negative year over year growth rate of 600%. The firm is expected to announce its next earnings results before the market opens on Thursday, May 4th.
On average, analysts expect that ACI Worldwide will report full-year earnings of $0.42 per share for the current financial year, with EPS estimates ranging from $0.38 to $0.47. For the next year, analysts expect that the firm will post earnings of $0.59 per share, with EPS estimates ranging from $0.51 to $0.66. Zacks’ EPS averages are a mean average based on a survey of research firms that cover ACI Worldwide.
ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, March 2nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. ACI Worldwide had a net margin of 10.97% and a return on equity of 4.27%. The company earned $343 million during the quarter, compared to analyst estimates of $312.20 million. During the same quarter in the previous year, the business earned $0.40 EPS. The firm’s revenue was up 11.0% on a year-over-year basis.
ACIW has been the subject of a number of analyst reports. Raymond James Financial, Inc. upgraded shares of ACI Worldwide from an “underperform” rating to an “outperform” rating and set a $25.00 price objective for the company in a report on Thursday, March 2nd. Zacks Investment Research upgraded shares of ACI Worldwide from a “sell” rating to a “hold” rating in a report on Wednesday, March 15th. TheStreet upgraded shares of ACI Worldwide from a “c+” rating to a “b” rating in a report on Thursday, March 16th. Finally, Avondale Partners cut shares of ACI Worldwide from a “market outperform” rating to a “market perform” rating in a report on Friday, March 3rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $23.67.
In related news, Director John M. Shay, Jr. sold 30,000 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.10% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Capital Management Inc. purchased a new position in ACI Worldwide during the third quarter worth $7,713,000. Bank of New York Mellon Corp raised its position in ACI Worldwide by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 1,351,049 shares of the technology company’s stock worth $26,184,000 after buying an additional 12,691 shares during the last quarter. Retirement Systems of Alabama raised its position in ACI Worldwide by 0.4% in the third quarter. Retirement Systems of Alabama now owns 150,993 shares of the technology company’s stock worth $2,926,000 after buying an additional 560 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in ACI Worldwide by 4.5% in the third quarter. UBS Asset Management Americas Inc. now owns 74,516 shares of the technology company’s stock worth $1,444,000 after buying an additional 3,200 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in ACI Worldwide by 217.4% in the third quarter. Prudential Financial Inc. now owns 238,814 shares of the technology company’s stock worth $4,628,000 after buying an additional 163,580 shares during the last quarter. 99.96% of the stock is currently owned by institutional investors.
Shares of ACI Worldwide (NASDAQ:ACIW) traded up 0.05% during trading on Tuesday, hitting $21.50. 767,235 shares of the stock traded hands. The firm has a 50-day moving average of $21.64 and a 200-day moving average of $19.65. ACI Worldwide has a 1-year low of $15.11 and a 1-year high of $22.95. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 19.72 and a beta of 1.48.
About ACI Worldwide
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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