ACI Worldwide, Inc. to Post Q3 2024 Earnings of $0.42 Per Share, Seaport Res Ptn Forecasts (NASDAQ:ACIW)

ACI Worldwide, Inc. (NASDAQ:ACIW) – Analysts at Seaport Res Ptn dropped their Q3 2024 earnings per share estimates for shares of ACI Worldwide in a research note issued to investors on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now anticipates that the technology company will post earnings of $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.

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

Several other equities analysts also recently commented on the company. Canaccord Genuity Group reiterated a “buy” rating and issued a $40.00 target price on shares of ACI Worldwide in a research report on Friday, March 15th. DA Davidson reiterated a “buy” rating and issued a $39.00 target price on shares of ACI Worldwide in a research report on Thursday, March 14th. TheStreet raised ACI Worldwide from a “c” rating to a “b-” rating in a research note on Thursday, January 4th. Finally, Jefferies Financial Group began coverage on ACI Worldwide in a research note on Friday, March 8th. They issued a “buy” rating and a $38.00 price target for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

ACI Worldwide Price Performance

Shares of ACIW stock traded up $0.09 on Wednesday, hitting $31.49. 500,017 shares of the company’s stock were exchanged, compared to its average volume of 572,137. 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 has a 12 month low of $19.56 and a 12 month high of $33.83. The stock has a market cap of $3.35 billion, a P/E ratio of 28.29 and a beta of 1.24. The company has a 50 day moving average of $31.72 and a 200 day moving average of $28.39.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. NBC Securities Inc. lifted its holdings in ACI Worldwide by 2.9% during the first quarter. NBC Securities Inc. now owns 24,601 shares of the technology company’s stock worth $816,000 after acquiring an additional 689 shares during the period. Vanguard Group Inc. lifted its holdings in ACI Worldwide by 10.3% during 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 during the period. Legal & General Group Plc lifted its holdings in ACI Worldwide by 75.7% during the fourth quarter. Legal & General Group Plc now owns 326,959 shares of the technology company’s stock worth $10,005,000 after acquiring an additional 140,844 shares during the period. Barclays PLC lifted its holdings in ACI Worldwide by 6.6% during the fourth quarter. Barclays PLC now owns 198,400 shares of the technology company’s stock worth $6,071,000 after acquiring an additional 12,348 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in ACI Worldwide by 32.7% during the fourth quarter. Nuveen Asset Management LLC now owns 602,456 shares of the technology company’s stock worth $18,435,000 after acquiring an additional 148,612 shares during the period. Institutional investors own 94.74% of the company’s stock.

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.