ACI Worldwide (NASDAQ:ACIW) released its earnings results on Thursday. The technology company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.09), Briefing.com reports. ACI Worldwide had a net margin of 7.74% and a return on equity of 10.14%. The firm had revenue of $354.90 million for the quarter, compared to analysts’ expectations of $341.07 million. During the same quarter last year, the firm posted $0.13 EPS. The firm’s quarterly revenue was up 44.6% compared to the same quarter last year.
ACIW stock traded up $0.40 during mid-day trading on Friday, hitting $34.40. The company had a trading volume of 465,900 shares, compared to its average volume of 695,492. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 30.99 and a beta of 1.28. ACI Worldwide has a 12-month low of $25.12 and a 12-month high of $35.86. The company has a 50-day moving average price of $31.20 and a 200 day moving average price of $32.01. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.33.
A number of research firms recently weighed in on ACIW. BidaskClub upgraded shares of ACI Worldwide from a “sell” rating to a “hold” rating in a research note on Wednesday, October 9th. ValuEngine cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Wednesday, September 25th. BTIG Research started coverage on shares of ACI Worldwide in a research note on Thursday, September 12th. They set a “buy” rating and a $40.00 target price on the stock. Finally, TheStreet upgraded shares of ACI Worldwide from a “c+” rating to a “b” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. ACI Worldwide currently has an average rating of “Hold” and an average price target of $38.33.
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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