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.

In other news, CEO Philip G. Heasley bought 5,000 shares of ACI Worldwide stock in a transaction that occurred on Friday, August 18th. The shares were purchased at an average price of $21.32 per share, with a total value of $106,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Mcgroddy sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $23.07, for a total transaction of $692,100.00. Following the completion of the sale, the director now directly owns 88,896 shares in the company, valued at approximately $2,050,830.72. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by corporate insiders.

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.

COPYRIGHT VIOLATION NOTICE: “ACI Worldwide, Inc. (ACIW) Expected to Post Earnings of $0.52 Per Share” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/11/15/aci-worldwide-inc-aciw-expected-to-post-earnings-of-0-52-per-share.html.

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.

Get a free copy of the Zacks research report on ACI Worldwide (ACIW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.