ACI Worldwide (ACIW) Issues Earnings Results

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 hedge funds and other institutional investors have recently bought and sold shares of ACIW. Millennium Management LLC boosted its stake in ACI Worldwide by 445.6% during the first quarter. Millennium Management LLC now owns 186,487 shares of the technology company’s stock worth $4,423,000 after buying an additional 152,307 shares during the period. Legal & General Group Plc boosted its stake in ACI Worldwide by 9.2% during the first quarter. Legal & General Group Plc now owns 114,377 shares of the technology company’s stock worth $2,713,000 after buying an additional 9,630 shares during the period. Royal Bank of Canada boosted its stake in ACI Worldwide by 70.0% during the first quarter. Royal Bank of Canada now owns 87,341 shares of the technology company’s stock worth $2,072,000 after buying an additional 35,957 shares during the period. Brown Advisory Inc. boosted its stake in ACI Worldwide by 40.0% during the first quarter. Brown Advisory Inc. now owns 45,993 shares of the technology company’s stock worth $1,091,000 after buying an additional 13,144 shares during the period. Finally, Bank of Montreal Can purchased a new position in ACI Worldwide during the second quarter worth $3,892,000.

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.

TRADEMARK VIOLATION WARNING: This story was posted by WKRB News and is the sole property of of WKRB News. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://www.wkrb13.com/2018/11/09/aci-worldwide-aciw-announces-earnings-results-beats-estimates-by-0-20-eps.html.

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.

See Also: Fundamental Analysis

Earnings History for ACI Worldwide (NASDAQ:ACIW)

Receive News & Ratings for ACI Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACI Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply