Research Analysts Set Expectations for ACI Worldwide Inc.’s FY2016 Earnings (ACIW)
ACI Worldwide Inc. (NASDAQ:ACIW) – First Analysis lowered their FY2016 earnings estimates for shares of ACI Worldwide in a note issued to investors on Sunday. First Analysis analyst L. Berlin now anticipates that the firm will post earnings per share of $0.29 for the year, down from their previous estimate of $0.55. First Analysis also issued estimates for ACI Worldwide’s Q4 2016 earnings at $0.45 EPS, Q1 2017 earnings at ($0.03) EPS, Q2 2017 earnings at ($0.02) EPS, Q3 2017 earnings at $0.03 EPS and FY2017 earnings at $0.46 EPS.
A number of other research firms have also issued reports on ACIW. Monness Crespi & Hardt reduced their target price on shares of ACI Worldwide from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, November 4th. Zacks Investment Research lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. TheStreet lowered shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Finally, Stephens raised shares of ACI Worldwide from an “equal weight” rating to an “overweight” rating in a research note on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.25.
Shares of ACI Worldwide (NASDAQ:ACIW) opened at 18.78 on Wednesday. ACI Worldwide has a 52-week low of $15.07 and a 52-week high of $23.69. The stock has a 50 day moving average of $18.81 and a 200 day moving average of $19.33. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 20.89 and a beta of 1.49.
ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, November 3rd. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.16 by $0.20. The business earned $217 million during the quarter, compared to analyst estimates of $246.61 million. ACI Worldwide had a net margin of 10.97% and a return on equity of 4.27%. The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 earnings per share.
In other ACI Worldwide news, CFO Scott W. Behrens sold 35,555 shares of the business’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $19.22, for a total transaction of $683,367.10. Following the sale, the chief financial officer now directly owns 271,554 shares in the company, valued at approximately $5,219,267.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.10% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Advantus Capital Management Inc increased its stake in ACI Worldwide by 1.0% in the third quarter. Advantus Capital Management Inc now owns 14,261 shares of the company’s stock worth $276,000 after buying an additional 138 shares during the period. Boston Advisors LLC increased its stake in ACI Worldwide by 0.6% in the second quarter. Boston Advisors LLC now owns 24,741 shares of the company’s stock worth $483,000 after buying an additional 140 shares during the period. Legal & General Group Plc increased its stake in ACI Worldwide by 0.7% in the second quarter. Legal & General Group Plc now owns 29,699 shares of the company’s stock worth $573,000 after buying an additional 202 shares during the period. Aperio Group LLC increased its stake in ACI Worldwide by 2.0% in the first quarter. Aperio Group LLC now owns 14,196 shares of the company’s stock worth $295,000 after buying an additional 281 shares during the period. Finally, Comerica Bank increased its stake in ACI Worldwide by 0.5% in the second quarter. Comerica Bank now owns 80,249 shares of the company’s stock worth $1,538,000 after buying an additional 378 shares during the period. Institutional investors own 98.53% of the company’s stock.
ACI Worldwide Company Profile
ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. These products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.
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