ACI Worldwide, Inc. Expected to Earn Q3 2024 Earnings of $0.38 Per Share (NASDAQ:ACIW)

ACI Worldwide, Inc. (NASDAQ:ACIW) – Equities research analysts at Seaport Res Ptn reduced their Q3 2024 earnings estimates for shares of ACI Worldwide in a research note issued to investors on Tuesday, April 30th. Seaport Res Ptn analyst J. Cantwell now forecasts that the technology company will earn $0.38 per share for the quarter, down from their previous forecast of $0.42. The consensus estimate for ACI Worldwide’s current full-year earnings is $1.83 per share. Seaport Res Ptn also issued estimates for ACI Worldwide’s Q4 2024 earnings at $1.32 EPS.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.17. ACI Worldwide had a net margin of 9.88% and a return on equity of 17.31%. The firm had revenue of $477.00 million for the quarter, compared to analysts’ expectations of $476.43 million. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The business’s quarterly revenue was up 5.6% on a year-over-year basis.

A number of other equities research analysts also recently weighed in on the stock. Craig Hallum raised their target price on shares of ACI Worldwide from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday. DA Davidson raised their price objective on shares of ACI Worldwide from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday. StockNews.com upgraded shares of ACI Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday. Canaccord Genuity Group restated a “buy” rating and set a $40.00 price target on shares of ACI Worldwide in a research report on Friday, March 15th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a research note on Wednesday. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $40.00.

ACI Worldwide Stock Performance

Shares of ACIW opened at $35.12 on Friday. ACI Worldwide has a 12-month low of $19.56 and a 12-month high of $36.37. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.78. The company has a market cap of $3.73 billion, a PE ratio of 26.21 and a beta of 1.20. The stock has a 50-day moving average price of $32.41 and a 200-day moving average price of $29.44.

Institutional Trading of ACI Worldwide

Several institutional investors have recently added to or reduced their stakes in ACIW. GSA Capital Partners LLP bought a new stake in shares of ACI Worldwide in the 1st quarter valued at about $846,000. Janney Montgomery Scott LLC grew its position in ACI Worldwide by 40.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 11,538 shares of the technology company’s stock worth $383,000 after acquiring an additional 3,307 shares during the last quarter. BNP Paribas Financial Markets increased its stake in ACI Worldwide by 8.9% in the 1st quarter. BNP Paribas Financial Markets now owns 91,747 shares of the technology company’s stock worth $3,047,000 after purchasing an additional 7,466 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in ACI Worldwide by 11.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 201,447 shares of the technology company’s stock valued at $6,690,000 after purchasing an additional 20,364 shares during the last quarter. Finally, WCM Investment Management LLC boosted its stake in shares of ACI Worldwide by 0.3% during the first quarter. WCM Investment Management LLC now owns 475,295 shares of the technology company’s stock valued at $15,785,000 after purchasing an additional 1,427 shares during the period. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

About ACI Worldwide

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.