ACI Worldwide (ACIW) Expected to Announce Earnings on Thursday

ACI Worldwide (NASDAQ:ACIW) is expected to post its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect ACI Worldwide to post earnings of $0.73 per share and revenue of $451.00 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

ACI Worldwide Trading Down 1.0 %

Shares of NASDAQ:ACIW opened at $51.70 on Friday. ACI Worldwide has a 52-week low of $29.98 and a 52-week high of $59.71. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 24.50 and a beta of 1.20. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The business has a 50-day moving average price of $52.87 and a 200-day moving average price of $51.74.

Insider Activity

In other news, CTO Abraham Kuruvilla sold 5,400 shares of ACI Worldwide stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $55.71, for a total value of $300,834.00. Following the sale, the chief technology officer now directly owns 81,107 shares of the company’s stock, valued at $4,518,470.97. The trade was a 6.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson cut ACI Worldwide from a “buy” rating to a “neutral” rating and lifted their price target for the company from $57.00 to $60.00 in a research report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $49.50.

ACI Worldwide Company Profile

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.