ACI Worldwide Inc (NASDAQ:ACIW) – Equities research analysts at DA Davidson lowered their Q1 2019 earnings estimates for shares of ACI Worldwide in a research report issued to clients and investors on Monday, April 8th. DA Davidson analyst P. Heckmann now anticipates that the technology company will post earnings of ($0.15) per share for the quarter, down from their prior forecast of ($0.13). DA Davidson also issued estimates for ACI Worldwide’s Q1 2020 earnings at $0.02 EPS.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, February 28th. The technology company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.05). The business had revenue of $319.95 million during the quarter, compared to analyst estimates of $366.24 million. ACI Worldwide had a return on equity of 9.17% and a net margin of 6.83%.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of ACI Worldwide from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Tuesday, February 5th. BidaskClub downgraded shares of ACI Worldwide from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 7th. Finally, Stephens downgraded shares of ACI Worldwide from an “overweight” rating to an “equal” rating and decreased their price objective for the stock from $33.00 to $30.00 in a report on Thursday, January 3rd. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. ACI Worldwide currently has an average rating of “Buy” and an average target price of $34.00.

ACI Worldwide stock opened at $33.98 on Wednesday. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 30.61, a price-to-earnings-growth ratio of 2.60 and a beta of 1.17. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.91 and a quick ratio of 1.91. ACI Worldwide has a 12 month low of $22.13 and a 12 month high of $34.32.

In other ACI Worldwide news, CEO Philip G. Heasley sold 166,572 shares of ACI Worldwide stock in a transaction on Friday, March 1st. The shares were sold at an average price of $32.28, for a total value of $5,376,944.16. Following the completion of the transaction, the chief executive officer now owns 1,441,533 shares of the company’s stock, valued at $46,532,685.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.42% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in ACIW. Norges Bank acquired a new position in shares of ACI Worldwide during the fourth quarter valued at $50,583,000. Oregon Public Employees Retirement Fund boosted its holdings in shares of ACI Worldwide by 2,667.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,271,962 shares of the technology company’s stock valued at $46,000 after acquiring an additional 1,225,993 shares during the period. Parnassus Investments CA boosted its holdings in shares of ACI Worldwide by 135.1% during the fourth quarter. Parnassus Investments CA now owns 1,529,433 shares of the technology company’s stock valued at $42,319,000 after acquiring an additional 878,983 shares during the period. BlackRock Inc. boosted its holdings in shares of ACI Worldwide by 4.6% during the fourth quarter. BlackRock Inc. now owns 13,835,712 shares of the technology company’s stock valued at $382,833,000 after acquiring an additional 609,269 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in shares of ACI Worldwide by 239.7% during the fourth quarter. Fisher Asset Management LLC now owns 484,692 shares of the technology company’s stock valued at $13,411,000 after acquiring an additional 342,000 shares during the period.

About ACI Worldwide

ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.

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Earnings History and Estimates for ACI Worldwide (NASDAQ:ACIW)

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