Monness Crespi Hardt Initiates Coverage on ACI Worldwide Inc to Buy

Monness Crespi Hardt Initiates Coverage on ACI Worldwide Inc(NASDAQ:ACIW). The shares have been rated Buy. The rating by Monness Crespi Hardt was issued on Jun 15, 2016.

ACI Worldwide Inc (ACIW) made into the market gainers list on Tuesdays trading session with the shares advancing 0.67% or 0.14 points. Due to strong positive momentum, the stock ended at $20.99, which is also near the day’s high of $21.03. The stock began the session at $20.89 and the volume stood at 3,37,867 shares. The 52-week high of the shares is $25.8 and the 52 week low is $15.072. The company has a current market capitalization of $2,448 M and it has 11,66,18,769 shares in outstanding.

ACI Worldwide Inc(ACIW) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $226.15M. Analysts had an estimated revenue of $220.13M. Earnings per share were $-0.01. Analysts had estimated an EPS of $-0.08.

Several Insider Transactions has been reported to the SEC. On Jun 13, 2016, Philip G Heasley (CEO and President) sold 4,863 shares at $22.00 per share price.Also, 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.

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