Zacks: Brokerages Expect ACI Worldwide, Inc. (ACIW) Will Announce Quarterly Sales of $218.24 Million
Wall Street brokerages forecast that ACI Worldwide, Inc. (NASDAQ:ACIW) will post sales of $218.24 million for the current quarter, Zacks reports. Three analysts have provided estimates for ACI Worldwide’s earnings, with the lowest sales estimate coming in at $215.94 million and the highest estimate coming in at $219.71 million. ACI Worldwide reported sales of $216.98 million during the same quarter last year, which indicates a positive year over year growth rate of 0.6%. The firm is scheduled to report its next earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that ACI Worldwide will report full year sales of $218.24 million for the current financial year. For the next financial year, analysts expect that the firm will report sales of $1.06 billion per share, with estimates ranging from $1.05 billion to $1.07 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for ACI Worldwide.
ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, July 27th. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.11. ACI Worldwide had a return on equity of 8.92% and a net margin of 2.47%. The company had revenue of $240.60 million during the quarter, compared to analyst estimates of $225.87 million. During the same quarter in the previous year, the firm posted ($0.15) EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis.
A number of equities research analysts recently commented on ACIW shares. BidaskClub lowered ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. DA Davidson began coverage on ACI Worldwide in a research report on Thursday, August 31st. They issued a “buy” rating and a $26.00 price objective on the stock. Finally, Zacks Investment Research upgraded ACI Worldwide from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective on the stock in a research report on Monday, July 31st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. ACI Worldwide presently has an average rating of “Buy” and an average target price of $25.50.
In other news, Director John M. Shay, Jr. sold 20,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $23.19, for a total value of $463,800.00. Following the transaction, the director now owns 81,896 shares of the company’s stock, valued at approximately $1,899,168.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Philip G. Heasley purchased 5,000 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was bought at an average cost of $21.32 per share, for a total transaction of $106,600.00. The disclosure for this purchase can be found here. Corporate insiders own 4.20% of the company’s stock.
Several hedge funds have recently bought and sold shares of ACIW. Strs Ohio lifted its stake in shares of ACI Worldwide by 113.2% in the 1st quarter. Strs Ohio now owns 8,100 shares of the technology company’s stock valued at $173,000 after purchasing an additional 4,300 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of ACI Worldwide by 3.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 66,604 shares of the technology company’s stock valued at $1,423,000 after purchasing an additional 2,130 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of ACI Worldwide by 57.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 69,530 shares of the technology company’s stock valued at $1,487,000 after purchasing an additional 25,332 shares during the period. Karp Capital Management Corp acquired a new position in shares of ACI Worldwide in the 1st quarter valued at $622,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of ACI Worldwide by 1.3% in the 1st quarter. Ameriprise Financial Inc. now owns 500,507 shares of the technology company’s stock valued at $10,707,000 after purchasing an additional 6,242 shares during the period.
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ACI Worldwide (ACIW) opened at 23.87 on Friday. ACI Worldwide has a 12 month low of $15.11 and a 12 month high of $24.65. The firm’s 50-day moving average price is $22.66 and its 200-day moving average price is $22.49. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 110.51 and a beta of 1.34.
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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