ACI Worldwide (NASDAQ:ACIW) Releases Earnings Results, Beats Expectations By $0.10 EPS

by · The Cerbat Gem

ACI Worldwide (NASDAQ:ACIW – Get Free Report) announced its quarterly earnings results on Thursday. The technology company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.10, Briefing.com reports. ACI Worldwide had a net margin of 14.76% and a return on equity of 19.09%. The company had revenue of $482.36 million for the quarter, compared to analysts’ expectations of $465.09 million. During the same quarter in the previous year, the company earned $0.77 earnings per share. ACI Worldwide’s quarterly revenue was up 6.8% on a year-over-year basis. ACI Worldwide updated its FY 2025 guidance to EPS.

ACI Worldwide Stock Down 3.3%

ACI Worldwide stock traded down $1.67 during mid-day trading on Friday, reaching $48.96. The stock had a trading volume of 824,073 shares, compared to its average volume of 769,114. ACI Worldwide has a one year low of $40.45 and a one year high of $59.71. The company has a 50-day moving average price of $50.48 and a two-hundred day moving average price of $48.18. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 20.66 and a beta of 1.09. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.48 and a quick ratio of 1.48.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ACIW shares. Wall Street Zen downgraded ACI Worldwide from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ACI Worldwide in a research note on Wednesday, October 8th. Stephens upgraded ACI Worldwide from an “equal weight” rating to an “overweight” rating and set a $60.00 price objective for the company in a report on Thursday, July 17th. DA Davidson restated a “buy” rating and set a $60.00 target price on shares of ACI Worldwide in a report on Thursday, October 16th. Finally, Zacks Research lowered shares of ACI Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $60.00.

Check Out Our Latest Report on ACIW

Institutional Trading of ACI Worldwide

Several institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its holdings in ACI Worldwide by 13.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,096 shares of the technology company’s stock worth $96,000 after buying an additional 249 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of ACI Worldwide by 73.7% in the first quarter. Geneos Wealth Management Inc. now owns 872 shares of the technology company’s stock worth $48,000 after acquiring an additional 370 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of ACI Worldwide by 122.1% during the second quarter. EverSource Wealth Advisors LLC now owns 944 shares of the technology company’s stock valued at $43,000 after purchasing an additional 519 shares during the last quarter. Quantinno Capital Management LP raised its stake in ACI Worldwide by 11.1% during the 2nd quarter. Quantinno Capital Management LP now owns 5,975 shares of the technology company’s stock valued at $274,000 after buying an additional 595 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in ACI Worldwide by 93.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock valued at $81,000 after buying an additional 711 shares during the last quarter. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

ACI Worldwide Company Profile

(Get Free Report)

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.

Recommended Stories