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.
ACI Worldwide Trading Down 0.6 %
Shares of ACI Worldwide stock traded down $0.16 on Tuesday, reaching $25.76. 20,204 shares of the company's stock were exchanged, compared to its average volume of 610,492. ACI Worldwide has a 52 week low of $23.63 and a 52 week high of $36.01. The firm's 50-day moving average is $26.82 and its two-hundred day moving average is $29.09. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $2.94 billion, a P/E ratio of 19.94 and a beta of 1.06.
ACI Worldwide (NASDAQ:ACIW - Get Rating) last released its earnings results on Thursday, August 4th. The technology company reported $0.12 EPS for the quarter, hitting 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 for the quarter, compared to the consensus estimate of $330.22 million. During the same period in the previous year, the company posted $0.23 earnings per share. The company's revenue for the quarter was up 12.8% compared to the same quarter last year.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on ACIW shares. DA Davidson cut their price objective on shares of ACI Worldwide from $42.00 to $36.00 in a research report on Monday, April 25th. Stephens started coverage on shares of ACI Worldwide in a research report on Thursday, July 14th. They set an "overweight" rating and a $31.00 target price for the company. TheStreet downgraded shares of ACI Worldwide from a "b-" rating to a "c" rating in a research report on Thursday, May 5th. Finally, StockNews.com downgraded shares of ACI Worldwide from a "buy" rating to a "hold" rating in a research report on Friday.