ACI Worldwide (NASDAQ:ACIW) Posts Earnings Results, Hits Estimates

ACI Worldwide (NASDAQ:ACIWGet Rating) released its quarterly earnings results on Thursday. The technology company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12, Fidelity Earnings reports. ACI Worldwide had a net margin of 10.51% and a return on equity of 17.24%. The firm had revenue of $340.40 million during the quarter, compared to analyst estimates of $330.22 million. During the same period in the previous year, the business earned $0.23 EPS. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. ACI Worldwide updated its FY 2022 guidance to EPS and its Q3 2022 guidance to EPS.

ACI Worldwide Trading Down 3.8 %

Shares of ACI Worldwide stock traded down $1.04 during trading on Friday, hitting $26.15. The stock had a trading volume of 796,993 shares, compared to its average volume of 599,844. ACI Worldwide has a 12 month low of $23.63 and a 12 month high of $36.01. The firm’s fifty day simple moving average is $26.83 and its 200-day simple moving average is $29.20. The stock has a market cap of $3.00 billion, a PE ratio of 20.12 and a beta of 1.06. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.24 and a quick ratio of 1.24.

Institutional Investors Weigh In On ACI Worldwide

Large investors have recently modified their holdings of the business. Point72 Hong Kong Ltd grew its position in shares of ACI Worldwide by 84.3% in the 1st quarter. Point72 Hong Kong Ltd now owns 4,605 shares of the technology company’s stock worth $145,000 after buying an additional 2,106 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of ACI Worldwide in the 1st quarter valued at $146,000. Bank of Montreal Can boosted its holdings in shares of ACI Worldwide by 6.3% in the 1st quarter. Bank of Montreal Can now owns 9,663 shares of the technology company’s stock valued at $312,000 after acquiring an additional 571 shares during the last quarter. Mariner LLC lifted its stake in shares of ACI Worldwide by 3.7% in the 1st quarter. Mariner LLC now owns 10,994 shares of the technology company’s stock valued at $346,000 after purchasing an additional 392 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in shares of ACI Worldwide by 3.5% in the 1st quarter. Hsbc Holdings PLC now owns 13,574 shares of the technology company’s stock valued at $435,000 after purchasing an additional 456 shares during the period. Institutional investors own 99.85% of the company’s stock.

Analyst Ratings Changes

ACIW has been the subject of several recent research reports. StockNews.com downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Friday. DA Davidson cut their price target on shares of ACI Worldwide from $42.00 to $36.00 in a report on Monday, April 25th. Stephens assumed coverage on shares of ACI Worldwide in a report on Thursday, July 14th. They set an “overweight” rating and a $31.00 price target on the stock. Finally, TheStreet downgraded shares of ACI Worldwide from a “b-” rating to a “c” rating in a research report on Thursday, May 5th.

About ACI Worldwide

(Get Rating)

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments to banks, 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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Earnings History for ACI Worldwide (NASDAQ:ACIW)

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