ACI Worldwide Upgraded by DA Davidson (ACIW)

ACI Worldwide (NASDAQ: ACIW) was upgraded by DA Davidson from a “neutral” rating to a “buy” rating in a research note issued on Tuesday.

Separately, analysts at Sidoti downgraded shares of ACI Worldwide from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, February 7th.

ACI Worldwide, Inc. (ACI) develops markets, installs and supports a range of software products and services focused on facilitating electronic payments. In addition to its own products, ACI distributes or acts as a sales agent for, software developed by third parties. The products and services are used principally by financial institutions, retailers and electronic payment processors, both in domestic and international markets. The Company also offers its customers a range of professional services, including analysis, design, development, implementation, integration and training. The services include implementation services, technical services, facilities management and ACI On Demand. On November 17, 2009, the Company acquired certain intellectual property, trade names, customer contracts and working capital of Euronet Essentis Limited (Essentis), a division of Euronet Worldwide, Inc.

ACI Worldwide last announced its quarterly results on Tuesday, February 14th. The company reported $0.70 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.67 EPS by $0.03. The company’s quarterly revenue was down 4.4% on a year-over-year basis. Analysts expect that ACI Worldwide will post $0.20 EPS next quarter.

ACI Worldwide traded up 1.78% on Tuesday, hitting $36.04. ACI Worldwide has a 1-year low of $24.23 and a 1-year high of $37.93. The stock has a 50-day moving average of $31.05 and a 200-day moving average of $29.80. The company has a market cap of $1.207 billion and a price-to-earnings ratio of 24.69.

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Posted by Web Inquirer Staff on 14 Feb 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.