ACI Worldwide, symbol ACIW on Nasdaq, makes software used to process transactions involving credit cards, debit cards, automated teller machines, point-of-sale terminals and interbank payments.
We analyze ACI in Stock Pickers Digest, our newsletter that recommends investments for the aggressive part of your stock portfolio.
In March 2011, ACI bought ICD Corp. for an undisclosed amount. ICD has over 140 customers who use its software to authorize credit- and debit-card transactions through over 70 different payment processors, including banks and credit-card companies.
ACI’s revenue rose 22.7% in the three months ended June 30, 2011, to $113.4 million from $92.4 million a year earlier. The company earned $9.8 million, or $0.29 a share, compared to a loss of $150,000, or nil per share, a year earlier. The company holds cash of $170.8 million, or $4.98 a share.
As well, ACI recently announced that it will make a $540-million, cash-and-stock offer for S1 Corp. (symbol SONE on Nasdaq). S1 sells transaction software for banks, credit unions, retailers and other processors. The company has over 3,000 clients worldwide.
S1 already agreed to a merger with the Israeli company Fundtech Ltd. in late June, but that deal has not closed. S1 hasn’t said whether it will consider ACI’s bid.
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Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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Changes to this Policy
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