Q3 2024 EPS Estimates for ACI Worldwide, Inc. Reduced by Seaport Res Ptn (NASDAQ:ACIW)

ACI Worldwide, Inc. (NASDAQ:ACIW) – Analysts at Seaport Res Ptn decreased their Q3 2024 earnings per share (EPS) estimates for ACI Worldwide in a research note issued on Tuesday, April 30th. Seaport Res Ptn analyst J. Cantwell now forecasts that the technology company will earn $0.38 per share for the quarter, down from their prior estimate of $0.42. 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 $1.32 EPS.

A number of other brokerages have also weighed in on ACIW. Craig Hallum boosted their price objective on shares of ACI Worldwide from $38.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday. Needham & Company LLC reissued a “hold” rating on shares of ACI Worldwide in a report on Wednesday. DA Davidson raised their price objective on ACI Worldwide from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday. 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. Finally, Jefferies Financial Group began coverage on shares of ACI Worldwide in a report on Friday, March 8th. They issued a “buy” rating and a $38.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

ACI Worldwide Trading Down 1.0 %

Shares of ACI Worldwide stock opened at $35.12 on Friday. The firm’s 50 day simple moving average is $32.33 and its two-hundred day simple moving average is $29.29. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 26.21 and a beta of 1.20. ACI Worldwide has a 12-month low of $19.56 and a 12-month high of $36.37. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.78.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.17. ACI Worldwide had a return on equity of 17.31% and a net margin of 9.88%. The company had revenue of $477.00 million during the quarter, compared to analysts’ expectations of $476.43 million. During the same period last year, the business posted $0.95 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of ACI Worldwide by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,976,433 shares of the technology company’s stock worth $270,188,000 after purchasing an additional 389,424 shares during the period. State of Alaska Department of Revenue increased its holdings in ACI Worldwide by 414.3% in the fourth quarter. State of Alaska Department of Revenue now owns 66,887 shares of the technology company’s stock valued at $2,046,000 after buying an additional 53,882 shares in the last quarter. Reinhart Partners LLC. raised its position in shares of ACI Worldwide by 9.9% in the fourth quarter. Reinhart Partners LLC. now owns 2,265,712 shares of the technology company’s stock worth $69,331,000 after acquiring an additional 203,348 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of ACI Worldwide by 0.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,592,421 shares of the technology company’s stock worth $58,485,000 after acquiring an additional 24,272 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its position in shares of ACI Worldwide by 28.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 21,334 shares of the technology company’s stock valued at $481,000 after acquiring an additional 4,737 shares during the period. 94.74% of the stock is currently owned by hedge funds and other institutional investors.

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.