Equities Analysts Offer Predictions for ACI Worldwide, Inc.’s Q3 2024 Earnings (NASDAQ:ACIW)

ACI Worldwide, Inc. (NASDAQ:ACIW) – Stock analysts at Seaport Res Ptn lowered their Q3 2024 earnings per share (EPS) estimates for 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 per share of $0.42 for the quarter, down from their prior 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.

A number of other analysts have also issued reports on ACIW. TheStreet upgraded ACI Worldwide from a “c” rating to a “b-” rating in a research note on Thursday, January 4th. Jefferies Financial Group started coverage on ACI Worldwide in a research report on Friday, March 8th. They set a “buy” rating and a $38.00 target price for the company. DA Davidson restated a “buy” rating and set a $39.00 target price on shares of ACI Worldwide in a research report on Thursday, March 14th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $40.00 target price on shares of ACI Worldwide in a research report on Friday, March 15th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, ACI Worldwide has a consensus rating of “Moderate Buy” and an average target price of $39.00.

ACI Worldwide Stock Performance

Shares of ACIW opened at $31.49 on Wednesday. The firm has a market cap of $3.35 billion, a PE ratio of 28.37 and a beta of 1.24. The stock’s fifty day moving average price is $31.77 and its two-hundred day moving average price is $28.41. 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 1 year low of $19.56 and a 1 year high of $33.83.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results on Thursday, February 29th. The technology company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. The business 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% compared to the same quarter last year. During the same period last year, the company posted $0.95 earnings per share.

Institutional Investors Weigh In On ACI Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in ACI Worldwide by 10.3% during the 4th quarter. Vanguard Group Inc. now owns 13,204,817 shares of the technology company’s stock valued at $404,067,000 after purchasing an additional 1,228,384 shares during the last quarter. Alliancebernstein L.P. raised its position in ACI Worldwide by 3.8% during the 4th quarter. Alliancebernstein L.P. now owns 6,398,312 shares of the technology company’s stock valued at $147,161,000 after purchasing an additional 235,858 shares during the last quarter. Dimensional Fund Advisors LP raised its position in ACI Worldwide by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,220,072 shares of the technology company’s stock valued at $129,134,000 after purchasing an additional 57,538 shares during the last quarter. State Street Corp raised its position in shares of ACI Worldwide by 1.9% in the 1st quarter. State Street Corp now owns 4,026,192 shares of the technology company’s stock worth $126,785,000 after acquiring an additional 75,092 shares in the last quarter. Finally, North Reef Capital Management LP raised its position in shares of ACI Worldwide by 26.3% in the 3rd quarter. North Reef Capital Management LP now owns 2,845,000 shares of the technology company’s stock worth $64,183,000 after acquiring an additional 592,735 shares in the last quarter. 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.