ACI Worldwide (NASDAQ:ACIW) announced its quarterly earnings data on Thursday. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.19, MarketWatch Earnings reports. ACI Worldwide had a net margin of 0.26% and a return on equity of 6.30%. The business had revenue of $245.50 million during the quarter, compared to analyst estimates of $232.31 million. During the same period last year, the firm posted ($0.08) EPS. The company’s revenue was up 8.8% on a year-over-year basis. ACI Worldwide updated its FY 2018 guidance to EPS.
Shares of ACIW stock traded up $1.05 on Friday, reaching $30.05. The company’s stock had a trading volume of 83,667 shares, compared to its average volume of 571,012. ACI Worldwide has a 1 year low of $20.23 and a 1 year high of $30.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a market cap of $2.94 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 3.47 and a beta of 1.31.
In other ACI Worldwide news, CEO Philip G. Heasley sold 21,667 shares of ACI Worldwide stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $28.00, for a total transaction of $606,676.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Adalio T. Sanchez sold 8,000 shares of ACI Worldwide stock in a transaction on Friday, August 17th. The stock was sold at an average price of $26.95, for a total transaction of $215,600.00. Following the transaction, the director now directly owns 41,897 shares of the company’s stock, valued at $1,129,124.15. The disclosure for this sale can be found here. Company insiders own 4.42% of the company’s stock.
A number of equities research analysts have issued reports on ACIW shares. Zacks Investment Research lowered shares of ACI Worldwide from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Credit Suisse Group increased their price objective on shares of ACI Worldwide from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, September 12th. Finally, BidaskClub lowered shares of ACI Worldwide from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. ACI Worldwide has an average rating of “Hold” and an average target price of $29.00.
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About ACI Worldwide
ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.
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