Seaport Res Ptn Comments on ACI Worldwide, Inc.’s Q3 2024 Earnings (NASDAQ:ACIW)

ACI Worldwide, Inc. (NASDAQ:ACIW) – Research analysts at Seaport Res Ptn dropped their Q3 2024 earnings estimates for shares of ACI Worldwide in a report issued on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now anticipates that the technology company will post earnings per share of $0.42 for the quarter, down from their prior forecast 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 weighed in on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a $40.00 price objective on shares of ACI Worldwide in a research report on Friday, March 15th. Jefferies Financial Group began coverage on shares of ACI Worldwide in a research report on Friday, March 8th. They set a “buy” rating and a $38.00 price objective for the company. TheStreet raised shares of ACI Worldwide from a “c” rating to a “b-” rating in a research report on Thursday, January 4th. Finally, DA Davidson reaffirmed a “buy” rating and set a $39.00 price objective on shares of ACI Worldwide in a research report on Thursday, March 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

ACI Worldwide Stock Performance

NASDAQ:ACIW opened at $31.51 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market capitalization of $3.35 billion, a P/E ratio of 28.39 and a beta of 1.24. The company has a 50 day moving average price of $31.80 and a 200 day moving average price of $28.43. ACI Worldwide has a fifty-two week low of $19.56 and a fifty-two week high of $33.83.

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

Hedge Funds Weigh In On ACI Worldwide

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd boosted its position in ACI Worldwide by 136.6% in the 3rd quarter. Covestor Ltd now owns 1,417 shares of the technology company’s stock valued at $32,000 after buying an additional 818 shares during the period. Strs Ohio raised its holdings in shares of ACI Worldwide by 142.9% in the 3rd quarter. Strs Ohio now owns 1,700 shares of the technology company’s stock valued at $38,000 after purchasing an additional 1,000 shares in the last quarter. KBC Group NV acquired a new stake in shares of ACI Worldwide in the 4th quarter valued at $79,000. FMR LLC raised its holdings 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 valued at $89,000 after purchasing an additional 688 shares in the last quarter. Finally, Point72 Hong Kong Ltd raised its holdings 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 valued at $145,000 after purchasing an additional 2,106 shares in the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.

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.