Equities Analysts Offer Predictions for ACI Worldwide, Inc.’s Q3 2024 Earnings (NASDAQ:ACIW)

ACI Worldwide, Inc. (NASDAQ:ACIW) – Stock analysts at Seaport Res Ptn reduced their Q3 2024 earnings per share estimates for shares of ACI Worldwide in a research note issued on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now forecasts that the technology company will post earnings of $0.42 per share for the quarter, down from their previous 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.

A number of other equities analysts have also recently issued reports on the company. Jefferies Financial Group assumed coverage on ACI Worldwide in a report on Friday, March 8th. They set a “buy” rating and a $38.00 target price on the stock. Canaccord Genuity Group restated a “buy” rating and set a $40.00 target price on shares of ACI Worldwide in a report on Friday, March 15th. TheStreet upgraded ACI Worldwide from a “c” rating to a “b-” rating in a report on Thursday, January 4th. Finally, DA Davidson reiterated a “buy” rating and set a $39.00 price objective on shares of ACI Worldwide in a report on Thursday, March 14th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

ACI Worldwide Price Performance

ACI Worldwide stock opened at $31.49 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. ACI Worldwide has a 12-month low of $19.56 and a 12-month high of $33.83. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 28.37 and a beta of 1.24. The business’s 50-day simple moving average is $31.77 and its 200 day simple moving average is $28.41.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, February 29th. The technology company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.17. The firm had revenue of $477.00 million during the quarter, compared to analyst estimates of $476.43 million. ACI Worldwide had a return on equity of 16.30% and a net margin of 8.37%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.95 earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position 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 last quarter. State of Alaska Department of Revenue increased its holdings in shares of ACI Worldwide by 414.3% during the 4th quarter. State of Alaska Department of Revenue now owns 66,887 shares of the technology company’s stock worth $2,046,000 after acquiring an additional 53,882 shares during the last quarter. Reinhart Partners LLC. increased its holdings in shares of ACI Worldwide by 9.9% during the 4th 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 last quarter. Massachusetts Financial Services Co. MA increased its holdings 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 during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings 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 worth $481,000 after acquiring an additional 4,737 shares during the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.

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.