According to Zacks, “ACI Worldwide, the Universal Payments (UP) company, powers electronic payments for more than 5,000 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries as well as 300 of the leading global retailers rely on ACI to execute $14 trillion each day in payments. In addition, thousands of organizations utilize our electronic bill presentment and payment services. Through their comprehensive suite of software and SaaS-based solutions, they deliver real-time, any-to-any payments capabilities and enable the industry’s most complete omni-channel payments experience. “
A number of other equities research analysts have also recently weighed in on the company. TheStreet cut Trade Desk from a b- rating to a c- rating in a report on Thursday, May 9th. BidaskClub upgraded Xilinx from a hold rating to a buy rating in a report on Saturday, June 29th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. ACI Worldwide presently has an average rating of Hold and a consensus target price of $34.00.
ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). The firm had revenue of $205.90 million during the quarter, compared to analyst estimates of $213.05 million. ACI Worldwide had a return on equity of 8.39% and a net margin of 6.20%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.17) EPS. As a group, equities analysts expect that ACI Worldwide will post 0.65 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in ACIW. Geode Capital Management LLC boosted its holdings in shares of ACI Worldwide by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 1,312,504 shares of the technology company’s stock worth $36,316,000 after purchasing an additional 85,580 shares during the last quarter. Mackay Shields LLC acquired a new stake in shares of ACI Worldwide during the fourth quarter worth $725,000. Stifel Financial Corp boosted its holdings in shares of ACI Worldwide by 3.7% during the fourth quarter. Stifel Financial Corp now owns 31,268 shares of the technology company’s stock worth $864,000 after purchasing an additional 1,108 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of ACI Worldwide during the fourth quarter worth $429,000. Finally, Texas Permanent School Fund boosted its holdings in shares of ACI Worldwide by 3.9% during the first quarter. Texas Permanent School Fund now owns 78,859 shares of the technology company’s stock worth $2,592,000 after purchasing an additional 2,963 shares during the last quarter.
ACI Worldwide Company Profile
ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial 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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