ACI Worldwide, Inc. (NASDAQ:ACIW) - Investment analysts at First Analysis cut their Q3 2017 earnings per share estimates for ACI Worldwide in a research note issued on Monday. First Analysis analyst L. Berlin now anticipates that the technology company will post earnings per share of ($0.05) for the quarter, down from their previous estimate of ($0.03). First Analysis also issued estimates for ACI Worldwide’s Q2 2018 earnings at ($0.03) EPS.
ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, July 27th. The technology company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.11. ACI Worldwide had a return on equity of 8.92% and a net margin of 2.47%. The business had revenue of $240.60 million for the quarter, compared to analyst estimates of $225.87 million. During the same quarter in the prior year, the company posted ($0.15) EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: “Q3 2017 EPS Estimates for ACI Worldwide, Inc. Cut by First Analysis (NASDAQ:ACIW)” was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://stocknewstimes.com/2017/08/12/q3-2017-eps-estimates-for-aci-worldwide-inc-cut-by-first-analysis-nasdaqaciw-updated.html.
Several other research firms have also recently issued reports on ACIW. BidaskClub upgraded ACI Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Zacks Investment Research cut ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 31st. ValuEngine upgraded ACI Worldwide from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, TheStreet cut ACI Worldwide from a “b” rating to a “c+” rating in a report on Friday, May 5th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $25.33.
ACI Worldwide (NASDAQ ACIW) opened at 23.20 on Wednesday. ACI Worldwide has a 52 week low of $15.11 and a 52 week high of $24.65. The stock has a 50 day moving average price of $23.10 and a 200 day moving average price of $21.81. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 107.41 and a beta of 1.31.
Several large investors have recently bought and sold shares of ACIW. Brown Capital Management LLC boosted its stake in ACI Worldwide by 1.7% in the first quarter. Brown Capital Management LLC now owns 14,009,471 shares of the technology company’s stock valued at $299,663,000 after buying an additional 240,231 shares during the period. BlackRock Inc. boosted its stake in ACI Worldwide by 23,372.8% in the first quarter. BlackRock Inc. now owns 11,990,869 shares of the technology company’s stock valued at $256,485,000 after buying an additional 11,939,785 shares during the period. Vanguard Group Inc. boosted its stake in ACI Worldwide by 4.7% in the first quarter. Vanguard Group Inc. now owns 9,618,670 shares of the technology company’s stock valued at $205,744,000 after buying an additional 429,460 shares during the period. State Street Corp boosted its stake in ACI Worldwide by 2.5% in the first quarter. State Street Corp now owns 3,744,710 shares of the technology company’s stock valued at $80,100,000 after buying an additional 90,836 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in ACI Worldwide by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,799,703 shares of the technology company’s stock valued at $59,886,000 after buying an additional 101,752 shares during the period.
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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