Seaport Res Ptn Comments on ACI Worldwide, Inc.’s Q3 2024 Earnings (NASDAQ:ACIW)

ACI Worldwide, Inc. (NASDAQ:ACIW) – Investment analysts at Seaport Res Ptn reduced their Q3 2024 earnings per share estimates for ACI Worldwide in a report released on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now expects that the technology company will earn $0.42 per share for the quarter, down from their previous estimate of $0.45. 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 $1.31 EPS, FY2024 earnings at $1.71 EPS and FY2025 earnings at $1.93 EPS.

ACIW has been the subject of several other research reports. DA Davidson reaffirmed a “buy” rating and set a $39.00 target price on shares of ACI Worldwide in a research note on Thursday, March 14th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $40.00 target price on shares of ACI Worldwide in a research note on Friday, March 15th. TheStreet raised ACI Worldwide from a “c” rating to a “b-” rating in a research note on Thursday, January 4th. Finally, Jefferies Financial Group started coverage on ACI Worldwide in a research note on Friday, March 8th. They set a “buy” rating and a $38.00 target price for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.00.

ACI Worldwide Trading Up 0.1 %

NASDAQ ACIW opened at $31.51 on Wednesday. The business has a 50 day simple moving average of $31.80 and a 200 day simple moving average of $28.43. ACI Worldwide has a one year low of $19.56 and a one year high of $33.83. The stock has a market capitalization of $3.35 billion, a P/E ratio of 28.39 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 1.36.

ACI Worldwide (NASDAQ:ACIW) last released its earnings results on Thursday, February 29th. The technology company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.10 by $0.17. ACI Worldwide had a return on equity of 16.30% and a net margin of 8.37%. The business had revenue of $477.00 million during the quarter, compared to analysts’ expectations of $476.43 million. During the same quarter last year, the firm posted $0.95 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in ACI Worldwide by 10.3% in the fourth quarter. Vanguard Group Inc. now owns 13,204,817 shares of the technology company’s stock worth $404,067,000 after acquiring an additional 1,228,384 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of ACI Worldwide by 3.8% in the fourth quarter. Alliancebernstein L.P. now owns 6,398,312 shares of the technology company’s stock valued at $147,161,000 after purchasing an additional 235,858 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of ACI Worldwide by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,220,072 shares of the technology company’s stock valued at $129,134,000 after purchasing an additional 57,538 shares in the last quarter. State Street Corp lifted its holdings in shares of ACI Worldwide by 1.9% in the first quarter. State Street Corp now owns 4,026,192 shares of the technology company’s stock valued at $126,785,000 after purchasing an additional 75,092 shares in the last quarter. Finally, North Reef Capital Management LP lifted its holdings in shares of ACI Worldwide by 26.3% in the third quarter. North Reef Capital Management LP now owns 2,845,000 shares of the technology company’s stock valued at $64,183,000 after purchasing an additional 592,735 shares in the last quarter. Institutional investors own 94.74% of the company’s stock.

ACI Worldwide Company Profile

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.