ACI Worldwide (NASDAQ:ACIW) Updates Q2 2021 Earnings Guidance

ACI Worldwide (NASDAQ:ACIW) updated its second quarter 2021 earnings guidance on Thursday. The company provided earnings per share guidance of – for the period. The company issued revenue guidance of $295 million-$305 million, compared to the consensus revenue estimate of $303.59 million.

Separately, Needham & Company LLC upped their target price on shares of ACI Worldwide from $40.00 to $45.00 and gave the stock a buy rating in a research note on Friday, January 29th. Six equities research analysts have rated the stock with a buy rating, ACI Worldwide has an average rating of Buy and a consensus target price of $43.40.

ACIW traded up $0.34 during trading on Friday, hitting $39.84. 767,045 shares of the company traded hands, compared to its average volume of 622,130. The firm has a market cap of $4.71 billion, a P/E ratio of 78.12 and a beta of 1.27. The stock’s fifty day moving average is $39.21 and its 200 day moving average is $37.93. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.10. ACI Worldwide has a one year low of $23.52 and a one year high of $43.23.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Wednesday, May 5th. The technology company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.10. The company had revenue of $285.19 million during the quarter, compared to analyst estimates of $276.65 million. ACI Worldwide had a net margin of 4.67% and a return on equity of 9.41%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.21) earnings per share.

In other ACI Worldwide news, insider Jeremy Wilmot sold 22,879 shares of the company’s stock in a transaction dated Wednesday, May 12th. The shares were sold at an average price of $38.67, for a total transaction of $884,730.93. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.37% of the stock is currently owned by corporate insiders.

ACI Worldwide Company Profile

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating electronic payments to banks, financial intermediaries, merchants, and billers worldwide. The company offers ACI Acquiring, a merchant management system to deliver digital innovation, improve fraud prevention, and reduce interchange fees; ACI Issuing, a digital payments issuing solution; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.

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