ACI Worldwide Inc (ACIW) Releases Earnings Results, Misses Expectations By $-0.10 EPS

ACI Worldwide Inc (ACIW) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $-0.15 earnings per share for the quarter, missing the analyst consensus estimate by $-0.10. Analysts had a consensus of $-0.05. The company posted revenue of $219.93 million in the period, compared to analysts expectations of $220.79 million. The company’s revenue was down -17.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on ACI Worldwide Inc. Monness Crespi & Hardt Initiated ACI Worldwide Inc on Jun 15, 2016 to “Buy”, Price Target of the shares are set at $26.

ACI Worldwide Inc opened for trading at $18.94 and hit $20.32 on the upside on Thursday, eventually ending the session at $19.85, with a gain of 1.12% or 0.22 points. The heightened volatility saw the trading volume jump to 9,73,164 shares. Company has a market cap of $2,315 M.

In a different news, on Jun 17, 2016, Thomas W Iii Warsop (director) sold 4,500 shares at $20.83 per share price. According to the SEC, on Jun 13, 2016, Philip G Heasley (CEO and President) sold 4,863 shares at $22.00 per share price. On Mar 17, 2016, Carolyn B Homberger (Group President AOD) sold 9,000 shares at $20.13 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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