ACI Worldwide Inc (ACIW) is Initiated by Monness Crespi & Hardt to Buy, Price Target at $26

ACI Worldwide Inc (ACIW) was Initiated by Monness Crespi & Hardt to “Buy” and the brokerage firm has set the Price Target at $26. Monness Crespi & Hardt advised their investors in a research report released on Jun 15, 2016.

On the company’s financial health, ACI Worldwide Inc reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.05. The company had revenue of $226.10 million for the quarter, compared to analysts expectations of $216.95 million. The company’s revenue was down -2.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.02 EPS.

ACI Worldwide Inc closed down -0.08 points or -0.38% at $20.73 with 2,93,291 shares getting traded on Tuesday. Post opening the session at $20.66, the shares hit an intraday low of $20.46 and an intraday high of $20.91 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jun 13, 2016, Philip G Heasley (CEO and President) sold 4,863 shares at $22.00 per share price. According to the SEC, on Mar 17, 2016, Carolyn B Homberger (Group President AOD) sold 9,000 shares at $20.13 per share price. On Dec 16, 2015, Adalio T Sanchez (director) purchased 2,300 shares at $0.00 per share price, according to the Form-4 filing with the securities and exchange commission.

ACI Worldwide Inc. develops markets installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company’s suite of software products and hosted services deliver a range of solutions for payments processing card and merchant management electronic bill presentment and payment (EBPP) online banking mobile branch and voice banking fraud detection and trade finance. The Company’s services include implementation services product support services technical services education services testing services expert services consultancy and facilities management services. It offers various solutions including its retail and wholesale payment engines risk management biller retailers and online banking products. It caters to financial institutions including global national regional and community banks and credit unions; processors; retailers and billers.

ACI Worldwide Inc

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