ACI Worldwide, Inc. (ACIW) Expected to Announce Quarterly Sales of $218.24 Million
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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ACI Worldwide Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACI Worldwide Inc. and related companies with MarketBeat.com's FREE daily email newsletter.