Lucid files for 1-for-10 reverse stock split requiring shareholder approval
Charles E. Peters Jr., a director at ACI Worldwide Inc. (NASDAQ:ACIW), a $5.7 billion market cap payment software company, has sold a significant portion of his holdings in the company. According to InvestingPro data, ACIW has delivered an impressive 73% return over the past year, with analysts maintaining a bullish outlook. According to a recent SEC filing, Peters disposed of 12,940 shares of common stock on March 3, 2025. The shares were sold at a weighted average price of $57.568 per share, resulting in a total transaction value of approximately $744,929. Following this transaction, Peters retains ownership of 80,842 shares in the company. The sale price for the transaction ranged from $57.25 to $57.87 per share. InvestingPro analysis indicates the stock is currently trading slightly below its Fair Value, with a ’GOOD’ overall financial health rating and multiple positive indicators available to subscribers.
In other recent news, ACI Worldwide reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.93, compared to the forecasted $0.91. The company’s revenue also exceeded predictions, reaching $453 million against an anticipated $451.7 million. Additionally, ACI Worldwide’s full-year revenue for 2024 increased by 10% to $1.6 billion, while adjusted EBITDA grew by 18% to $466 million. The company reduced its total debt by over $100 million, bringing it down to $932 million.
DA Davidson maintained a Neutral rating on ACI Worldwide, with a consistent price target of $60.00. This decision followed the company’s financial outlook for 2025, which aligns with the general consensus but exceeds DA Davidson’s initial estimates. ACI Worldwide projects 2025 revenue growth between 7-9%, with expected revenue ranging from $1.685 billion to $1.715 billion. The company also launched a new cloud-native platform, Kinetic Payments Hub, which is expected to contribute to future growth. ACI Worldwide’s management expressed confidence in their 2025 outlook, supported by a strong start to the year with significant new sales bookings.
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