New Rating issued on ACI Worldwide Inc (ACIW): Upgraded by Raymond James to ” Outperform”

ACI Worldwide Inc (ACIW) was Upgraded by Raymond James to ” Outperform”. Earlier the firm had a rating of “Underperform ” on the company shares. Raymond James advised their Clients and Investors in a research report released on Mar 2, 2017.

Based on several research reports , ACI Worldwide Inc was Upgraded by Raymond James to ” Outperform” on Mar 2, 2017.

Several company insiders have filed Insider transactions , on Oct 4, 2016, Scott W Behrens (SEVP, CFO & CAO) sold 35,555 shares at $19.22 per share price. According to the SEC, on Jun 17, 2016, Thomas W Iii Warsop (director) sold 4,500 shares at $20.83 per share price. On Jun 13, 2016, Philip G Heasley (CEO and President) sold 4,863 shares at $22.00 per share price, according to the Form-4 filing with the securities and exchange commission.

On the company’s financial health, ACI Worldwide Inc reported $0.57 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Mar 2, 2017. Analyst had a consensus of $0.61. The company had revenue of $343.00 million for the quarter, compared to analysts expectations of $312.20 million. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

ACI Worldwide Inc opened for trading at $20.25 and hit $20.58 on the upside on Monday, eventually ending the session at $20.56, with a gain of 1.33% or 0.27 points. The heightened volatility saw the trading volume jump to 5,91,331 shares. Company has a market cap of $2,411 M.

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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