ACI WORLDWIDE $19.41 (Nasdaq symbol ACIW; TSINetwork Rating: Speculative) (402-390-7600; www.aciworldwide.com; Shares outstanding: 119.1 million; Market cap: $2.3 billion; No dividends paid) makes software for processing transactions through credit cards, debit cards, automated teller machines, point-of-sale terminals and interbank systems. Its products also work to cut fraud.
The company’s more than 5,000 customers include 1,000 of the world’s largest financial institutions and 300 leading global retailers. Together, they process payments of over $14 trillion daily.
In the three months ended March 31, 2016, ACI made $0.75 a share, compared to $0.02 a year earlier. However, those recent earnings include the company’s $0.77 gain on the sale of its Community Financial Services business for $200 million. Excluding that transaction, the company lost $0.02 a share.
Community Financial Services provides payment systems to small banks and credit unions. ACI sold it to focus on bigger customers.
Revenue for the quarter fell 2.9%, to $226.1 million from $232.8 million a year earlier. The higher U.S. dollar cut the contribution of the company’s international operations.
The global shift toward increasingly complex payments is a plus for ACI. However, the stock trades at a high 30.8 times its forecast 2016 earnings of $0.63 a share.
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