Analysts forecast that ACI Worldwide, Inc. (NASDAQ:ACIW) will post earnings per share of $0.44 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for ACI Worldwide’s earnings, with estimates ranging from $0.39 to $0.53. ACI Worldwide reported earnings of $0.57 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 22.8%. The firm is expected to report its next 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 financial year, with EPS estimates ranging from $0.47 to $0.61. For the next financial year, analysts forecast that the business will post earnings of $0.55 per share, with EPS estimates ranging from $0.46 to $0.71. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for ACI Worldwide.
Several research firms have recently issued reports on ACIW. 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 target for the company. Zacks Investment Research lowered ACI Worldwide from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Finally, BidaskClub raised ACI Worldwide from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $26.00.
Institutional investors have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC grew its stake in shares of ACI Worldwide by 62.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,157 shares of the technology company’s stock valued at $138,000 after purchasing an additional 2,357 shares during the period. Shelton Capital Management bought a new stake in shares of ACI Worldwide during the 3rd quarter valued at about $201,000. Oakbrook Investments LLC bought a new stake in shares of ACI Worldwide during the 3rd quarter valued at about $203,000. LS Investment Advisors LLC lifted its position in shares of ACI Worldwide by 17.4% during the 2nd 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. Finally, Neuberger Berman Group LLC purchased a new position in shares of ACI Worldwide during the 3rd quarter valued at about $211,000.
ACI Worldwide (NASDAQ ACIW) traded up $0.01 on Friday, hitting $22.89. The stock had a trading volume of 526,442 shares, compared to its average volume of 431,704. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.87. The stock has a market cap of $2,714.27, a price-to-earnings ratio of 31.79, a PEG ratio of 4.24 and a beta of 1.30. ACI Worldwide has a 12-month low of $17.58 and a 12-month high of $25.00.
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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