ACI Worldwide (ACIW) Posts Quarterly Earnings Results, Beats Expectations By $0.19 EPS

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ACI Worldwide (NASDAQ:ACIW) released its quarterly earnings data on Thursday. The technology company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.03 by $0.19, MarketWatch Earnings reports. The company had revenue of $245.50 million during the quarter, compared to the consensus estimate of $232.31 million. ACI Worldwide had a return on equity of 6.30% and a net margin of 0.26%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.08) EPS. ACI Worldwide updated its FY 2018 guidance to EPS.

ACI Worldwide stock traded up $1.12 during mid-day trading on Friday, hitting $30.12. 1,468,278 shares of the company’s stock traded hands, compared to its average volume of 585,198. ACI Worldwide has a fifty-two week low of $20.23 and a fifty-two week high of $30.25. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 29.53, a P/E/G ratio of 3.80 and a beta of 1.31. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.50 and a quick ratio of 1.50.

Several research firms have recently commented on ACIW. Zacks Investment Research raised ACI Worldwide from a “sell” rating to a “hold” rating and set a $31.00 price objective for the company in a report on Tuesday, August 7th. BidaskClub downgraded ACI Worldwide from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 3rd. Finally, Credit Suisse Group increased their price objective on ACI Worldwide from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, September 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $29.00.

In other ACI Worldwide news, CEO Philip G. Heasley sold 21,667 shares of the firm’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $28.00, for a total transaction of $606,676.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Adalio T. Sanchez sold 8,000 shares of the firm’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $26.95, for a total value of $215,600.00. Following the sale, the director now directly owns 41,897 shares of the company’s stock, valued at approximately $1,129,124.15. The disclosure for this sale can be found here. Company insiders own 4.42% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Cowen Prime Services LLC acquired a new stake in ACI Worldwide during the 2nd quarter valued at $123,000. Horrell Capital Management Inc. acquired a new stake in ACI Worldwide during the 2nd quarter valued at $129,000. First Republic Investment Management Inc. acquired a new stake in ACI Worldwide during the 2nd quarter valued at $208,000. Eqis Capital Management Inc. acquired a new stake in ACI Worldwide during the 2nd quarter valued at $325,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in ACI Worldwide during the 2nd quarter valued at $332,000.

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ACI Worldwide Company Profile

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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Earnings History for ACI Worldwide (NASDAQ:ACIW)

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