ACI Worldwide, Inc., a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments to banks, merchants, and billers worldwide. The company offers ACI Acquiring, a merchant management system to deliver digital innovation, improve fraud prevention, and reduce interchange fees; ACI Issuing, a digital payments issuing 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, 24x7 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; ACI Digital Business Banking, a cloud-based digital banking platform; 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, including 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.
Wall Street Analyst Weigh In
ACIW has been the topic of a number of recent research reports. Stephens started coverage on shares of ACI Worldwide in a research note on Thursday, July 14th. They set an "overweight" rating and a $31.00 target price on the stock. StockNews.com cut ACI Worldwide from a "buy" rating to a "hold" rating in a research report on Friday. TheStreet cut ACI Worldwide from a "b-" rating to a "c" rating in a research report on Thursday, May 5th. Finally, DA Davidson lowered their price target on ACI Worldwide from $42.00 to $36.00 in a report on Monday, April 25th.
ACI Worldwide Stock Performance
ACIW Stock traded down $1.04 during trading on Friday, reaching $26.15. 796,993 shares of the company's stock were exchanged, compared to its average volume of 599,844. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.85. ACI Worldwide has a 1-year low of $23.63 and a 1-year high of $36.01. The company's fifty day moving average price is $26.83 and its 200-day moving average price is $29.14. The firm has a market cap of $3.00 billion, a PE ratio of 20.12 and a beta of 1.06.
ACI Worldwide (NASDAQ:ACIW - Get Rating) last announced its earnings results on Thursday, August 4th. The technology company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. ACI Worldwide had a return on equity of 17.24% and a net margin of 10.51%. The business had revenue of $340.40 million during the quarter, compared to the consensus estimate of $330.22 million. During the same period in the prior year, the business posted $0.23 earnings per share. ACI Worldwide's revenue was up 12.8% compared to the same quarter last year.