ACI Worldwide (ACIW) Stock Price Up 3.2% on Better-Than-Expected Earnings

ACI Worldwide Inc (NASDAQ:ACIW) shares rose 3.2% on Friday following a better than expected earnings announcement. The stock traded as high as $30.00 and last traded at $29.93. Approximately 91,256 shares changed hands during trading, a decline of 84% from the average daily volume of 571,012 shares. The stock had previously closed at $29.00.

The technology company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.19. ACI Worldwide had a net margin of 0.26% and a return on equity of 6.30%. The company had revenue of $245.50 million for the quarter, compared to analysts’ expectations of $232.31 million. During the same quarter in the previous year, the company earned ($0.08) EPS. ACI Worldwide’s revenue for the quarter was up 8.8% on a year-over-year basis.

ACIW has been the topic of a number of analyst reports. Zacks Investment Research cut shares of ACI Worldwide from a “hold” rating to a “sell” rating in a research note on Monday, November 5th. BidaskClub cut shares of ACI Worldwide from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 18th. Finally, Credit Suisse Group lifted their price target on shares of 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 given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus 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 ACI Worldwide stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $28.00, for a total value of $606,676.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Adalio T. Sanchez sold 8,000 shares of ACI Worldwide stock in a transaction on Friday, August 17th. The shares were sold at an average price of $26.95, for a total transaction of $215,600.00. Following the completion of the sale, the director now owns 41,897 shares in the company, valued at $1,129,124.15. The disclosure for this sale can be found here. Insiders own 4.42% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ontario Teachers Pension Plan Board bought a new stake in ACI Worldwide in the 3rd quarter valued at $1,661,000. American International Group Inc. increased its holdings in ACI Worldwide by 0.8% in the 3rd quarter. American International Group Inc. now owns 309,359 shares of the technology company’s stock valued at $8,705,000 after acquiring an additional 2,437 shares during the last quarter. BlackRock Inc. increased its holdings in ACI Worldwide by 1.4% in the 3rd quarter. BlackRock Inc. now owns 13,226,443 shares of the technology company’s stock valued at $372,190,000 after acquiring an additional 185,319 shares during the last quarter. Martingale Asset Management L P increased its holdings in ACI Worldwide by 29.8% in the 3rd quarter. Martingale Asset Management L P now owns 128,050 shares of the technology company’s stock valued at $3,604,000 after acquiring an additional 29,397 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in ACI Worldwide by 22.0% in the 3rd quarter. Janus Henderson Group PLC now owns 2,382,590 shares of the technology company’s stock valued at $67,046,000 after acquiring an additional 430,312 shares during the last quarter.

The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a market cap of $2.94 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 3.47 and a beta of 1.31.

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ACI Worldwide Company Profile (NASDAQ:ACIW)

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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