ACI Worldwide downgraded by DA Davidson with a new price target
$ACIW
Computer Software: Prepackaged Software
Technology
DA Davidson downgraded ACI Worldwide from Buy to Neutral and set a new price target of $60.00 from $57.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/8/2024 | $57.00 → $60.00 | Buy → Neutral | DA Davidson |
| 10/18/2024 | Overweight → Equal-Weight | Stephens | |
| 3/8/2024 | $38.00 | Buy | Jefferies |
| 11/21/2023 | $31.00 | Buy | Seaport Research Partners |
| 11/2/2022 | Buy → Hold | Needham | |
| 7/15/2022 | $31.00 | Overweight | Stephens |
Q3 2024 HIGHLIGHTS Revenue up 24% versus Q3 2023 Net income up 115% versus Q3 2023 Adjusted EBITDA up 61% versus Q3 2023 Cash flow from operating activities up 114% versus Q3 2023 Raising guidance range for full-year 2024 ACI Worldwide (NASDAQ:ACIW), an original innovator in global payments technology, announced financial results today for the quarter ended September 30, 2024. "We are very pleased with our third quarter results and the continued positive momentum in the business. We saw particular strength within our Bank and Merchant segments and are once again raising our full-year outlook," said Thomas Warsop, president and CEO of ACI Worldwide. "This year the team has done
One Equity Partners ("OEP"), a middle market private equity firm, today announced it has completed its sale of Dragonfly Financial Technologies ("Dragonfly" or "the Company"), a digital business banking and cash management solutions provider, to FIS, a global leader in financial technology. Financial terms of the transaction were not disclosed. OEP carved the ACI Digital Business Banking Solutions unit out of parent company ACI Worldwide (NASDAQ:ACIW) in September 2022 and rebranded the independent Company as Dragonfly Financial Technologies. The Dragonfly digital business banking platform was designed to meet the demanding standards of financial institutions supporting the largest and mo
Real-time payments drive economic growth and bring millions into the financial ecosystem, according to ACI Worldwide's Real-Time Payments: Economic Impact and Financial Inclusion report Real-time payments are forecast to generate $285.8 billion of additional global GDP growth and create more than 167 million new bank account holders by 2028, according to a new report published by ACI Worldwide (NASDAQ:ACIW), an original innovator in global payments technology, in collaboration with The Centre for Economics and Business Research (Cebr). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241020352057/en/Infographic: Real-Time Payments
New offering combines the best of ACI's and RS2's acquiring and issuing capabilities to launch a joint solution for the Brazilian market Cloud-enabled platform allows payment companies to launch new products and services quickly ACI Worldwide (NASDAQ:ACIW), a global leader in mission-critical, real-time payments software, and RS2, a global payments processor and technology provider, have joined forces to offer a one-stop solution for acquirers and issuers in Brazil. The new offering combines the best of ACI's and RS2's acquiring and issuing capabilities, supporting financial institutions, integrated software vendors, payment facilitators, independent sales organizations and payment p
ACI Worldwide (NASDAQ:ACIW), a global leader in mission-critical, real-time payments software, announced today the appointment of two new independent directors, Katrinka McCallum and Juan Benitez, to the company's Board of Directors. Katrinka McCallum most recently served as Vice President of Customer and Product Experience at Red Hat, having held various leadership roles within Red Hat's Products & Technologies organization for more than a decade. Throughout her career, spanning more than two decades in enterprise software, Ms. McCallum has led business units, sales and marketing organizations as well as engineering and operations teams. Ms. McCallum is a member of the board at Rimini St
Technology industry leader to drive innovation and product roadmap for leading real-time payments solution provider ACI Worldwide (NASDAQ:ACIW), a global leader in mission-critical, real-time payments solutions, today announced the appointment of Abe Kuruvilla as chief technology officer. In this role, Kuruvilla will lead ACI's innovation agenda, optimizing the way the company develops and delivers its industry-leading software solutions globally to banks, merchants and billers. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231030539904/en/(Photo: Business Wire) "Abe's appointment comes at a pivotal time for the industry and
ACI Worldwide (NASDAQ:ACIW), a global leader in mission-critical, real-time payments software, and RS2, a global payments processor and technology provider, have joined forces to offer a one-stop solution for acquirers and issuers in Brazil. The new offering combines the best of ACI's and RS2's acquiring and issuing capabilities, supporting financial institutions, integrated software vendors, payment facilitators, independent sales organizations and payment processors on their digital transformation and modernization journey. It brings the global expertise and technology of both companies to the Brazilian market jointly for the first time. The combined new cloud-enabled technology platform
50 million instant cross-border payments were processed by STET and ACI Worldwide in the last 12 months STET's CSM platform leverages ACI technology to offer interoperability with the other major European instant payment scheme
DA Davidson downgraded ACI Worldwide from Buy to Neutral and set a new price target of $60.00 from $57.00 previously
Stephens downgraded ACI Worldwide from Overweight to Equal-Weight
Jefferies initiated coverage of ACI Worldwide with a rating of Buy and set a new price target of $38.00
4 - ACI WORLDWIDE, INC. (0000935036) (Issuer)
4 - ACI WORLDWIDE, INC. (0000935036) (Issuer)
4 - ACI WORLDWIDE, INC. (0000935036) (Issuer)
10-Q - ACI WORLDWIDE, INC. (0000935036) (Filer)
8-K - ACI WORLDWIDE, INC. (0000935036) (Filer)
8-K - ACI WORLDWIDE, INC. (0000935036) (Filer)
SC 13G/A - ACI WORLDWIDE, INC. (0000935036) (Subject)
SC 13G/A - ACI WORLDWIDE, INC. (0000935036) (Subject)
SC 13G/A - ACI WORLDWIDE, INC. (0000935036) (Subject)
Q3 2024 HIGHLIGHTS Revenue up 24% versus Q3 2023 Net income up 115% versus Q3 2023 Adjusted EBITDA up 61% versus Q3 2023 Cash flow from operating activities up 114% versus Q3 2023 Raising guidance range for full-year 2024 ACI Worldwide (NASDAQ:ACIW), an original innovator in global payments technology, announced financial results today for the quarter ended September 30, 2024. "We are very pleased with our third quarter results and the continued positive momentum in the business. We saw particular strength within our Bank and Merchant segments and are once again raising our full-year outlook," said Thomas Warsop, president and CEO of ACI Worldwide. "This year the team has done
Conference Call Scheduled for Thursday, November 7, 2024, at 8:30 a.m. ET ACI Worldwide (NASDAQ:ACIW), a global leader in mission-critical, real-time payments software, announced today that it will report its financial results for the third quarter 2024 on Thursday, November 7, 2024. Management will host a conference call at 8:30 a.m. Eastern time to discuss these results. Interested persons may access a real-time teleconference webcast at http://investor.aciworldwide.com/ or use the following number for dial-in participation: toll-free (888) 660-6377. Please provide your name, the conference name of ACI Worldwide, Inc. and conference ID 3153574. About ACI Worldwide ACI Worldwide is a g
Q2 2024 HIGHLIGHTS Revenue up 16% versus Q2 2023 Net income of $31 million, up $38 million from Q2 2023 Adjusted EBITDA up 62% versus Q2 2023 Cash flow from operating activities of $55 million, up 215% versus Q2 2023 Announced $400 million share repurchase authorization Repurchased 1.7 million shares for $57 million Raising guidance range for full-year 2024 ACI Worldwide (NASDAQ:ACIW), a global leader in mission-critical, real-time payments software, announced financial results today for the quarter ended June 30, 2024. "We are pleased to report another quarter of strong growth in revenue and adjusted EBITDA, with both exceeding our financial guidance. Year-to-date