ACI Worldwide (NASDAQ:ACIW) is set to announce its earnings results before the market opens on Thursday, November 8th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
NASDAQ:ACIW opened at $25.39 on Wednesday. ACI Worldwide has a 1 year low of $20.23 and a 1 year high of $28.98. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of 3.49 and a beta of 1.31.
Several research firms have recently weighed in on ACIW. Zacks Investment Research cut ACI Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. BidaskClub raised ACI Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 10th. Finally, Credit Suisse Group upped their price objective on ACI Worldwide from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. ACI Worldwide currently has an average rating of “Hold” and an average target price of $29.00.
In other news, CEO Philip G. Heasley sold 21,667 shares of the company’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $28.00, for a total transaction of $606,676.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Adalio T. Sanchez sold 8,000 shares of the company’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $26.95, for a total value 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. 4.42% of the stock is owned by corporate insiders.
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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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