ACI Worldwide, Inc. (NASDAQ:ACIW) – Equities researchers at First Analysis increased their Q4 2017 earnings per share (EPS) estimates for shares of ACI Worldwide in a note issued to investors on Monday. First Analysis analyst L. Berlin now forecasts that the technology company will post earnings of $0.61 per share for the quarter, up from their previous estimate of $0.59. First Analysis also issued estimates for ACI Worldwide’s Q1 2018 earnings at $0.00 EPS.
Other research analysts also recently issued research reports about the stock. BidaskClub upgraded shares of ACI Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research upgraded shares of ACI Worldwide from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, May 2nd. TheStreet downgraded shares of ACI Worldwide from a “b” rating to a “c+” rating in a research report on Friday, May 5th. Finally, ValuEngine upgraded shares of ACI Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $25.33.
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Shares of ACI Worldwide (ACIW) traded down 0.56% during midday trading on Tuesday, hitting $23.04. 97,392 shares of the company were exchanged. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 106.67 and a beta of 1.31. ACI Worldwide has a one year low of $15.11 and a one year high of $24.65. The firm’s 50 day moving average price is $23.09 and its 200 day moving average price is $21.78.
ACI Worldwide (NASDAQ:ACIW) last posted its earnings results on Thursday, July 27th. The technology company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.11. ACI Worldwide had a net margin of 2.47% and a return on equity of 8.92%. The company had revenue of $240.60 million for the quarter, compared to analyst estimates of $225.87 million. During the same period last year, the business posted ($0.15) earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACIW. Quantbot Technologies LP bought a new position in ACI Worldwide during the first quarter worth about $170,000. LS Investment Advisors LLC increased its position in ACI Worldwide by 1.2% in the first quarter. LS Investment Advisors LLC now owns 8,019 shares of the technology company’s stock valued at $172,000 after buying an additional 93 shares during the last quarter. Strs Ohio increased its position in ACI Worldwide by 113.2% in the first quarter. Strs Ohio now owns 8,100 shares of the technology company’s stock valued at $173,000 after buying an additional 4,300 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in ACI Worldwide during the first quarter valued at $204,000. Finally, Trexquant Investment LP acquired a new position in ACI Worldwide during the first quarter valued at $208,000.
About ACI Worldwide
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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