ACI Worldwide, Inc. to Post Q3 2024 Earnings of $0.42 Per Share, Seaport Res Ptn Forecasts (NASDAQ:ACIW)

ACI Worldwide, Inc. (NASDAQ:ACIW) – Stock analysts at Seaport Res Ptn reduced their Q3 2024 earnings per share estimates for ACI Worldwide in a research report issued on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now anticipates that the technology company will post earnings per share of $0.42 for the quarter, down from their previous estimate of $0.45. The consensus estimate for ACI Worldwide’s current full-year earnings is $1.83 per share. Seaport Res Ptn also issued estimates for ACI Worldwide’s Q4 2024 earnings at $1.31 EPS, FY2024 earnings at $1.71 EPS and FY2025 earnings at $1.93 EPS.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.10 by $0.17. The company had revenue of $477.00 million during the quarter, compared to analyst estimates of $476.43 million. ACI Worldwide had a return on equity of 16.30% and a net margin of 8.37%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.95 earnings per share.

ACIW has been the subject of several other research reports. DA Davidson reissued a “buy” rating and issued a $39.00 price objective on shares of ACI Worldwide in a research note on Thursday, March 14th. TheStreet raised shares of ACI Worldwide from a “c” rating to a “b-” rating in a research note on Thursday, January 4th. Jefferies Financial Group started coverage on shares of ACI Worldwide in a research note on Friday, March 8th. They issued a “buy” rating and a $38.00 price objective for the company. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $40.00 price target on shares of ACI Worldwide in a research note on Friday, March 15th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, ACI Worldwide has a consensus rating of “Moderate Buy” and an average target price of $39.00.

ACI Worldwide Trading Up 0.3 %

NASDAQ ACIW traded up $0.09 during trading on Wednesday, hitting $31.49. The stock had a trading volume of 500,017 shares, compared to its average volume of 572,137. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 28.29 and a beta of 1.24. ACI Worldwide has a one year low of $19.56 and a one year high of $33.83. The stock has a 50 day simple moving average of $31.72 and a 200 day simple moving average of $28.39.

Hedge Funds Weigh In On ACI Worldwide

A number of large investors have recently bought and sold shares of the business. Covestor Ltd grew its holdings in ACI Worldwide by 136.6% in the third quarter. Covestor Ltd now owns 1,417 shares of the technology company’s stock worth $32,000 after purchasing an additional 818 shares during the last quarter. Strs Ohio grew its holdings in ACI Worldwide by 142.9% in the third quarter. Strs Ohio now owns 1,700 shares of the technology company’s stock worth $38,000 after purchasing an additional 1,000 shares during the last quarter. KBC Group NV purchased a new position in ACI Worldwide in the fourth quarter worth $79,000. FMR LLC grew its holdings in ACI Worldwide by 26.2% in the first quarter. FMR LLC now owns 3,312 shares of the technology company’s stock worth $89,000 after purchasing an additional 688 shares during the last quarter. Finally, Point72 Hong Kong Ltd grew its holdings in ACI Worldwide by 84.3% in the first quarter. Point72 Hong Kong Ltd now owns 4,605 shares of the technology company’s stock worth $145,000 after purchasing an additional 2,106 shares during the last quarter. Institutional investors own 94.74% of the company’s stock.

About ACI Worldwide

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.