ACI Worldwide (ACIW) Expected to Announce Quarterly Earnings on Thursday

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

ACI Worldwide Trading Up 0.4 %

Shares of ACI Worldwide stock opened at $50.56 on Wednesday. ACI Worldwide has a 52-week low of $30.63 and a 52-week high of $59.71. 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 company’s 50-day simple moving average is $52.65 and its 200-day simple moving average is $51.94. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 23.96 and a beta of 1.20.

Insiders Place Their Bets

In other ACI Worldwide news, CTO Abraham Kuruvilla sold 5,400 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $55.71, for a total value of $300,834.00. Following the sale, the chief technology officer now owns 81,107 shares of the company’s stock, valued at $4,518,470.97. This represents a 6.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lowered shares of ACI Worldwide from a “buy” rating to a “neutral” rating and upped their target price for the stock from $57.00 to $60.00 in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average 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.