Revenue Update on ACI Worldwide Inc(NASDAQ:ACIW)

ACI Worldwide Inc(NASDAQ:ACIW) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $219.93M. Analysts estimated a revenue of $221.17M. Earnings per share were $-0.10. Analysts had estimated an EPS of $-0.04.

In a different note, Monness Crespi Hardt said it Initiates Coverage on ACI Worldwide Inc, according to a research note issued on Jun 15, 2016. The shares have been rated ‘Buy’ by the firm.

ACI Worldwide Inc (ACIW) shares turned negative on Thursdays trading session with the shares closing down -0.29 points or -1.54% at a volume of 2,88,205. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.005. The peak price level was also seen at $19.005 while the days lowest was $18.56. Finally the shares closed at $18.6. The 52-week high of the shares is $24.61 while the 52-week low is $15.072. According to the latest information available, the market cap of the company is $2,179 M.

Several Insider Transactions has been reported to the SEC. On Jun 17, 2016, Thomas W Iii Warsop (director) sold 4,500 shares at $20.83 per share price.Also, 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.

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