$321.30 Million in Sales Expected for ACI Worldwide Inc (ACIW) This Quarter
Brokerages expect that ACI Worldwide Inc (NASDAQ:ACIW) will report $321.30 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for ACI Worldwide’s earnings, with the highest sales estimate coming in at $322.21 million and the lowest estimate coming in at $320.12 million. ACI Worldwide posted sales of $342.73 million during the same quarter last year, which suggests a negative year-over-year growth rate of 6.3%. The firm is expected to report its next quarterly earnings report on Thursday, March 1st.
According to Zacks, analysts expect that ACI Worldwide will report full-year sales of $321.30 million for the current year. For the next financial year, analysts forecast that the company will report sales of $1.06 billion per share, with estimates ranging from $1.04 billion to $1.07 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow ACI Worldwide.
Several equities analysts have recently weighed in on the stock. BidaskClub downgraded shares of ACI Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Zacks Investment Research downgraded shares of ACI Worldwide from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $26.00.
A number of institutional investors have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC increased its position in shares of ACI Worldwide by 62.0% during the second quarter. Riverhead Capital Management LLC now owns 6,157 shares of the technology company’s stock valued at $138,000 after acquiring an additional 2,357 shares during the last quarter. Shelton Capital Management acquired a new stake in shares of ACI Worldwide during the third quarter valued at about $201,000. Oakbrook Investments LLC acquired a new stake in shares of ACI Worldwide during the third quarter valued at about $203,000. Neuberger Berman Group LLC acquired a new stake in shares of ACI Worldwide during the third quarter valued at about $211,000. Finally, Jane Street Group LLC acquired a new stake in shares of ACI Worldwide during the third quarter valued at about $221,000.
ACI Worldwide (NASDAQ:ACIW) opened at $22.80 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $2,703.60, a PE ratio of 69.09, a PEG ratio of 4.12 and a beta of 1.30. ACI Worldwide has a 52 week low of $18.57 and a 52 week 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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