Analysts Expect ACI Worldwide, Inc. (ACIW) Will Announce Earnings of $0.44 Per Share

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.

In related news, Director James Mcgroddy sold 30,000 shares of ACI Worldwide stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $23.07, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.20% of the stock is currently owned by company insiders.

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.

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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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