Seaport Res Ptn Equities Analysts Decrease Earnings Estimates for ACI Worldwide, Inc. (NASDAQ:ACIW)

ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) - Equities researchers at Seaport Res Ptn cut their Q3 2024 earnings per share estimates for shares of ACI Worldwide in a report issued on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now expects that the technology company will earn $0.42 per share 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.

Several other analysts have also recently weighed in on ACIW. Jefferies Financial Group started coverage on ACI Worldwide in a report on Friday, March 8th. They issued a "buy" rating and a $38.00 price target on the stock. DA Davidson reiterated a "buy" rating and set a $39.00 price objective on shares of ACI Worldwide in a research report on Thursday, March 14th. Canaccord Genuity Group reiterated a "buy" rating and set a $40.00 price objective on shares of ACI Worldwide in a research report on Friday, March 15th. Finally, TheStreet upgraded ACI Worldwide from a "c" rating to a "b-" rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $39.00.

ACI Worldwide Price Performance

Shares of NASDAQ:ACIW traded up $0.09 on Wednesday, hitting $31.49. The company's stock had a trading volume of 626,312 shares, compared to its average volume of 573,843. The company has a 50-day simple moving average of $31.77 and a 200 day simple moving average of $28.41. ACI Worldwide has a 1 year low of $19.56 and a 1 year high of $33.83. The company has a market capitalization of $3.35 billion, a PE ratio of 28.37 and a beta of 1.24. 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 (NASDAQ:ACIW - Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.17. ACI Worldwide had a return on equity of 16.30% and a net margin of 8.37%. The firm had revenue of $477.00 million for the quarter, compared to analysts' expectations of $476.43 million. During the same quarter last year, the firm posted $0.95 EPS. The company's revenue was up 5.6% compared to the same quarter last year.

Hedge Funds Weigh In On ACI Worldwide

Several institutional investors have recently modified their holdings of ACIW. Covestor Ltd grew its position in ACI Worldwide by 136.6% during the 3rd quarter. Covestor Ltd now owns 1,417 shares of the technology company's stock worth $32,000 after acquiring an additional 818 shares during the last quarter. Strs Ohio grew its position in ACI Worldwide by 142.9% during the 3rd quarter. Strs Ohio now owns 1,700 shares of the technology company's stock worth $38,000 after acquiring an additional 1,000 shares during the last quarter. KBC Group NV bought a new position in ACI Worldwide during the 4th quarter worth approximately $79,000. FMR LLC grew its position in shares of ACI Worldwide by 26.2% in the 1st quarter. FMR LLC now owns 3,312 shares of the technology company's stock worth $89,000 after buying an additional 688 shares during the last quarter. Finally, Point72 Hong Kong Ltd grew its position in shares of ACI Worldwide by 84.3% in the 1st quarter. Point72 Hong Kong Ltd now owns 4,605 shares of the technology company's stock worth $145,000 after buying an additional 2,106 shares during the last quarter. 94.74% of the stock is currently owned by 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.