ACI Worldwide (NASDAQ:ACIW) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Friday, StockRatingsNetwork reports. They currently have a $47.80 price target on the stock. Zacks‘ price objective indicates a potential downside of 4.09% from the company’s current price.
Shares of ACI Worldwide (NASDAQ:ACIW) traded down 1.50% during mid-day trading on Friday, hitting $49.09. The stock had a trading volume of 82,821 shares. ACI Worldwide has a 52 week low of $37.97 and a 52 week high of $52.03. The stock’s 50-day moving average is $48.48 and its 200-day moving average is $46.75. The company has a market cap of $1.941 billion and a P/E ratio of 37.06.
ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.31 by $0.17. The company had revenue of $205.80 million for the quarter, compared to the consensus estimate of $210.25 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 37.4% on a year-over-year basis. Analysts expect that ACI Worldwide will post $2.09 EPS for the current fiscal year.
ACI Worldwide, Inc(NASDAQ:ACIW) develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.