ACI Worldwide Inc. (NASDAQ:ACIW) shares traded 1.40% higher at $24.62 on Wall Street last session.
In accordance with the data, 5 analysts cover ACI Worldwide Inc. (NASDAQ:ACIW). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $34.00 and a low of $29.00, we find $33.50. Given the previous closing price of $24.28, this indicates a potential upside of 37.97 percent. ACIW stock price is now 5.78% away from the 50-day moving average and 1.65% away from the 200-day moving average. The market capitalization of the company currently stands at $2.64B.
It has been rated a hold by 1 analysts and a buy by 4. Brokers who have rated the stock have averaged $32.50 as their price target over the next twelve months.
In other news, Guerra Deborah L, Chief Product Officer sold 3,426 shares of the company’s stock on Aug 08. The stock was sold for $79,551 at an average price of $23.22. Upon completion of the transaction, the Chief Product Officer now directly owns 51,724 shares in the company, valued at $1.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 07, Director, President and CEO Warsop Thomas W III bought 3,333 shares of the business’s stock. A total of $80,535 was incurred on buying the stock at an average price of $24.16. This leaves the insider owning 178,307 shares of the company worth $4.39 million. Insiders disposed of 108,169 shares of company stock worth roughly $2.66 million over the past 1 year. A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ACIW stock. A new stake in ACI Worldwide Inc. shares was purchased by TWINBEECH CAPITAL LP during the first quarter worth $2,682,000. MILLENNIUM MANAGEMENT LLC invested $1,580,000 in shares of ACIW during the first quarter. In the first quarter, GRAHAM CAPITAL MANAGEMENT, L.P. acquired a new stake in ACI Worldwide Inc. valued at approximately $1,251,000. MACKENZIE FINANCIAL CORP acquired a new stake in ACIW for approximately $1,125,000. JUMP FINANCIAL, LLC purchased a new stake in ACIW valued at around $1,037,000 in the second quarter. In total, there are 383 active investors with 98.64% ownership of the company’s stock.
ACI Worldwide Inc. (NASDAQ: ACIW) opened at $24.39 on Friday. During the past 12 months, ACI Worldwide Inc. has had a low of $19.68 and a high of $29.14. As of last week, the company has a debt-to-equity ratio of 0.91, a current ratio of 1.30, and a quick ratio of 1.30. According to the stock market information, the enterprise value for the company is $3.65B, which is based on a 38.53 price-to-earnings ratio, a 3.21 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for ACIW is $23.33 and a two-hundred day moving average price translates $24.24 for the stock.
The latest earnings results from ACI Worldwide Inc. (NASDAQ: ACIW) was released for Jun, 2023. According to the Software – Infrastructure Company, earnings per share came in at -$0.06, beating analysts’ expectations of -$0.14 by 0.08. This compares to $0.12 EPS in the same period last year. The net profit margin was 5.40% and return on equity was 6.30% for ACIW. The company reported revenue of $323.32 million for the quarter, compared to $340.43 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.02 percent. For the current quarter, analysts expect ACIW to generate $339.04M in revenue.
ACI Worldwide Inc.(ACIW) Company Profile
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 merchant management system to deliver digital innovation, handle new payment methods, and maximize margins; ACI Issuing, a digital payment issuing solution for new payment offering and enable channels, services, endpoints, and integrations from a single cloud-based or on-premises solution; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments. It also provides ACI Low Value Real-Time Payments, a platform for processing real-time payments; and ACI High Value Real-Time Payments, a payments engine that offers multi-bank, multi-currency, 24×7 payment processing, and SWIFT messaging. In addition, the company offers ACI Omni Commerce, a scalable, omni-channel payment processing platform; ACI Secure eCommerce solution; ACI Fraud Management, a real-time approach to fraud management; and ACI Speedpay, an integrated suite of digital billing, payment, disbursement, and communication services. The company offers electronic bill presentment and payment services to consumer finance, insurance, healthcare, higher education, utility, government, and mortgage sectors; implementation services, include product installations and configurations, and custom software modifications; and business and technical consultancy, on-site support, product education, and testing services, as well as distributes or acts as a sales agent for software developed by third parties. It markets its products under the ACI Worldwide brand. The company was formerly known as Transaction Systems Architects, Inc. and changed its name to ACI Worldwide, Inc. in July 2007. The company was founded in 1975 and is based in Coral Gables, Florida.
