Equities analysts expect ACI Worldwide, Inc. (NASDAQ:ACIW) to report sales of $218.24 million for the current quarter, Zacks reports. Three analysts have made estimates for ACI Worldwide’s earnings, with estimates ranging from $215.94 million to $219.71 million. ACI Worldwide posted sales of $216.98 million during the same quarter last year, which suggests a positive year-over-year growth rate of 0.6%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Thursday, November 2nd.

On average, analysts expect that ACI Worldwide will report full-year sales of $218.24 million for the current fiscal year. For the next fiscal year, analysts forecast that the company will post sales of $1.06 billion per share, with estimates ranging from $1.05 billion to $1.07 billion. Zacks Investment Research’s 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 for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $225.87 million. During the same quarter in the previous year, the firm earned ($0.15) earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year.

ACIW has been the subject of several recent analyst reports. BidaskClub downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Zacks Investment Research downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, DA Davidson initiated coverage on shares of ACI Worldwide in a research note on Thursday, August 31st. They issued a “buy” rating and a $26.00 target price for the company. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $25.50.

In related news, CEO Philip G. Heasley acquired 5,000 shares of the business’s stock in a transaction on Friday, August 18th. The stock was purchased at an average cost of $21.32 per share, for a total transaction of $106,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John M. Shay, Jr. sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $23.19, for a total transaction of $463,800.00. Following the sale, the director now owns 81,896 shares of the company’s stock, valued at $1,899,168.24. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Riverhead Capital Management LLC raised its position in shares of ACI Worldwide by 62.0% in the second quarter. Riverhead Capital Management LLC now owns 6,157 shares of the technology company’s stock valued at $138,000 after buying an additional 2,357 shares in the last quarter. Oakbrook Investments LLC acquired a new stake in shares of ACI Worldwide in the third quarter valued at approximately $203,000. LS Investment Advisors LLC raised its position in shares of ACI Worldwide by 17.4% in the second quarter. LS Investment Advisors LLC now owns 9,416 shares of the technology company’s stock valued at $211,000 after buying an additional 1,397 shares in the last quarter. Strs Ohio raised its position in shares of ACI Worldwide by 17.3% in the second quarter. Strs Ohio now owns 9,500 shares of the technology company’s stock valued at $212,000 after buying an additional 1,400 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of ACI Worldwide in the first quarter valued at approximately $204,000.

Shares of ACI Worldwide (ACIW) opened at 24.44 on Friday. ACI Worldwide has a 12 month low of $15.11 and a 12 month high of $24.65. The firm has a 50 day moving average price of $23.35 and a 200-day moving average price of $22.74. The firm has a market cap of $2.89 billion, a PE ratio of 113.15 and a beta of 1.34.

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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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Earnings History and Estimates for ACI Worldwide (NASDAQ:ACIW)

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