Topic: How To Invest

Power Growth Investor Hotline – Friday, March 4, 2022

Article Excerpt

ACI WORLDWIDE INC., $32.09, is a buy. The company (symbol ACIW on Nasdaq) is the leading software provider for processing transactions by 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 5,100 customers include 1,000 global financial institutions and thousands of retail giants. All together, they process $14 trillion in payments a day. In the quarter ended December 31, 2021, ACI’s overall revenue rose 20.6%, to $466.8 million from $387.0 million a year earlier. Revenue rose along with strong demand for payment processing across the company’s customer base. These include improved sales for its cloud-based and real-time technologies. ACI has also benefited from reduced restrictions related to the coronavirus pandemic, allowing for a greater number of payments across a range of channels. Additionally, growth in emerging markets has helped improve revenue. The company made $0.94 a share in the quarter, up 64.9% from $0.57. ACI’s outlook is positive. Its…