ACI Worldwide, Inc. (ACIW) Expected to Post Earnings of $0.52 Per Share
Wall Street analysts forecast that ACI Worldwide, Inc. (NASDAQ:ACIW) will report earnings of $0.52 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for ACI Worldwide’s earnings, with the highest EPS estimate coming in at $0.61 and the lowest estimate coming in at $0.40. ACI Worldwide posted earnings per share of $0.57 during the same quarter last year, which indicates a negative year over year growth rate of 8.8%. The business is expected to issue its next quarterly earnings report on Thursday, March 1st.
According to Zacks, analysts expect that ACI Worldwide will report full year earnings of $0.54 per share for the current year, with EPS estimates ranging from $0.47 to $0.61. For the next financial year, analysts anticipate that the business will post earnings of $0.59 per share, with EPS estimates ranging from $0.49 to $0.71. Zacks’ earnings per share averages are an average based on a survey of research firms that follow ACI Worldwide.
A number of equities research analysts have recently issued reports on ACIW shares. BidaskClub lowered shares of ACI Worldwide from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Zacks Investment Research lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, DA Davidson began coverage on shares of ACI Worldwide in a report on Thursday, August 31st. They issued a “buy” rating and a $26.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $26.00.
A number of institutional investors have recently made changes to their positions in ACIW. Janus Henderson Group PLC purchased a new position in ACI Worldwide in the second quarter valued at approximately $44,104,000. TimesSquare Capital Management LLC grew its position in shares of ACI Worldwide by 58.6% during the third quarter. TimesSquare Capital Management LLC now owns 2,618,035 shares of the technology company’s stock worth $59,639,000 after acquiring an additional 966,935 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new position in shares of ACI Worldwide during the third quarter worth approximately $19,178,000. FMR LLC purchased a new position in shares of ACI Worldwide during the first quarter worth approximately $15,401,000. Finally, Artisan Partners Limited Partnership grew its position in shares of ACI Worldwide by 30.7% during the second quarter. Artisan Partners Limited Partnership now owns 1,567,779 shares of the technology company’s stock worth $35,071,000 after acquiring an additional 368,189 shares during the last quarter.
Shares of ACI Worldwide (ACIW) opened at $22.81 on Wednesday. ACI Worldwide has a 1-year low of $17.58 and a 1-year high of $25.00. The stock has a market cap of $2,724.95, a price-to-earnings ratio of 31.92, a PEG ratio of 3.65 and a beta of 1.32. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.87.
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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