ACI Worldwide Inc. (ACIW) shares are trading at lower $24.91 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $37.33.
To add more color to this target, the company’s high over the last year is $39.37 and the low is $20.03. Over the last 52 weeks, ACIW is down -19.07% while the S&P 500 is up 13.97%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, ACIW reported a profit of $152.56 million. ACI Worldwide Inc. also saw revenues increase to $299.91 million. In addition, ACIW has free cash flow of $99.86 million as of 06-2020. The company’s EBITDA came in at $71.28 million which compares well with its peers.
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ACIW booked profit margins of 5.70%, its Return on Equity (ROE) is 7.10%, and its Return on Assets is 2.40%. All told, it is clear that, ACIW needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. ACIW has a short ratio of 8.34 and outstanding shares of 116.03M.
ACIW has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 0.65. ACI Worldwide Inc. ACIW also noted assets of $3.14 billion at the end of the last quarter. Investors should also keep an eye on sector updates as ACIW has historically followed its peers on positive news.
All told, ACI Worldwide Inc. ACIW has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ACIW represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
ACI Worldwide Inc. ACIW is now commanding a market cap of 2.89B and a float of 113.78M. ACIW is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of ACIW stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in ACIW, either long or short, and we have not been compensated for this article.