ACI Worldwide Rating Increased to Neutral at Zacks (ACIW)
ACI Worldwide (NASDAQ:ACIW) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Wednesday, Stock Ratings Network.com reports. The firm currently has a $53.50 price objective on the stock. Zacks‘ price target points to a potential upside of 1.90% from the stock’s previous close.
ACI Worldwide (NASDAQ:ACIW) traded down 0.74% on Wednesday, hitting $52.11. 358,958 shares of the company’s stock traded hands. ACI Worldwide has a one year low of $37.97 and a one year high of $55.32. The stock’s 50-day moving average is $51.38 and its 200-day moving average is $47.74. The company has a market cap of $2.061 billion and a price-to-earnings ratio of 39.03.
ACI Worldwide (NASDAQ:ACIW) last announced its earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.31 by $0.17. The company had revenue of $205.80 million for the quarter, compared to the consensus estimate of $210.25 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 37.4% on a year-over-year basis. On average, analysts predict that ACI Worldwide will post $2.09 earnings per share for the current fiscal year.
ACI Worldwide, Inc(NASDAQ:ACIW) develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments.
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