ACI Worldwide Inc (ACIW) Expected to Post Quarterly Sales of $321.30 Million

Brokerages forecast that ACI Worldwide Inc (NASDAQ:ACIW) will report sales of $321.30 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for ACI Worldwide’s earnings. The lowest sales estimate is $320.12 million and the highest is $322.21 million. ACI Worldwide posted sales of $342.73 million during the same quarter last year, which would indicate a negative year over year growth rate of 6.3%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Thursday, February 22nd.

On average, analysts expect that ACI Worldwide will report full year sales of $321.30 million for the current fiscal year. For the next fiscal year, analysts forecast that the business will post sales of $1.06 billion per share, with estimates ranging from $1.04 billion to $1.07 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow ACI Worldwide.

A number of equities research analysts have recently commented on the company. BidaskClub cut ACI Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Zacks Investment Research cut ACI Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.00.

In other news, Director James Mcgroddy sold 30,000 shares of ACI Worldwide stock in a transaction on Monday, December 11th. The stock was sold at an average price of $22.40, for a total transaction of $672,000.00. Following the sale, the director now directly owns 76,896 shares in the company, valued at approximately $1,722,470.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Anthony M. Scotto, Jr. sold 40,000 shares of ACI Worldwide stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $23.73, for a total value of $949,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 190,000 shares of company stock worth $4,326,300 over the last quarter. Company insiders own 4.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACIW. Janus Henderson Group PLC bought a new stake in shares of ACI Worldwide during the 2nd quarter worth $44,104,000. TimesSquare Capital Management LLC increased its holdings in ACI Worldwide by 58.6% in the 3rd quarter. TimesSquare Capital Management LLC now owns 2,618,035 shares of the technology company’s stock worth $59,639,000 after acquiring an additional 966,935 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in ACI Worldwide in the 3rd quarter worth about $19,178,000. Koch Industries Inc. increased its holdings in ACI Worldwide by 2,635.2% in the 2nd quarter. Koch Industries Inc. now owns 296,027 shares of the technology company’s stock worth $283,000 after acquiring an additional 285,204 shares during the last quarter. Finally, Conestoga Capital Advisors LLC increased its holdings in ACI Worldwide by 14.9% in the 4th quarter. Conestoga Capital Advisors LLC now owns 2,153,770 shares of the technology company’s stock worth $48,826,000 after acquiring an additional 278,990 shares during the last quarter.

ACI Worldwide (NASDAQ ACIW) opened at $21.14 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.16 and a current ratio of 1.16. ACI Worldwide has a 52 week low of $19.22 and a 52 week high of $25.00. The firm has a market capitalization of $2,455.77, a price-to-earnings ratio of 64.06, a price-to-earnings-growth ratio of 3.41 and a beta of 1.24.

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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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