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. “
Several other research firms have also recently commented on ACIW. TheStreet cut Trade Desk from a “b-” rating to a “c-” rating in a research report on Thursday, May 9th. BidaskClub upgraded Xilinx from a “hold” rating to a “buy” rating in a research report on Saturday, June 29th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.00.
ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.07). The company had revenue of $205.90 million during the quarter, compared to analysts’ expectations of $213.05 million. ACI Worldwide had a net margin of 6.20% and a return on equity of 8.39%. ACI Worldwide’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.17) earnings per share. As a group, research analysts forecast that ACI Worldwide will post 0.65 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC purchased a new position in ACI Worldwide during the first quarter worth about $31,000. Fort L.P. bought a new stake in ACI Worldwide during the fourth quarter worth about $30,000. Marshall Wace LLP bought a new stake in ACI Worldwide during the first quarter worth about $49,000. Tortoise Index Solutions LLC bought a new stake in ACI Worldwide during the first quarter worth about $55,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in ACI Worldwide during the fourth quarter worth about $74,000.
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.
Read More: What does an outperform rating mean?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ACI Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACI Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.