ACI Worldwide is a leading payment systems company based out of Naples, Florida. ACI Worldwide specializes in creating software that facilitates real-time electronic payments. Its software is used by financial intermediaries and institutions, banks, credit unions, corporations, and multiple other clients. ACI Worldwide is one of the best software stocks to invest in if you are bullish on the trend of digitization of payments. ACI Worldwide has a wide network that spans 95 countries across the Americas, Europe, Asia-Pacific, the Middle East, and Africa. The company’s customer base includes 19 of the top 20 banks worldwide and more than 80,000 merchants. ACI Worldwide was founded in the year 1975 and employs close to 4,000 people.
Financial Performance Of ACI Worldwide
ACI Worldwide’s revenues have grown from $418 million in 2010 to $1.25 billion in 2019. The company has also maintained gross margins over 50% throughout the past decade. Net income, meanwhile, has increased from $27 million in 2010 to $67 million in 2019. Cash flow from operations rose from $81 million in 2010 to $183 million in 2015 before falling to 138 million in 2019. The 10-year average revenue growth for the company has been north of 11%.
Price Performances Of The Best Software Stocks To Invest In
ACI Worldwide’s stock closed at $32.58 on 30th November 2020. The stock is up a strong 12% over the preceding month. On a year-to-date basis, the stock is down 14% while if we look at a 3-year period, then ACI Worldwide is up 42%. Fiserv is another company that offers payment services to financial institutions. Its stock closed at $115.18 on 30th November 2020. That stock is up 18% since the past month and almost flat on a year-to-date basis. On a longer-term basis, Fiserv’s stock is up 76% on a 3-year basis and up 141% on a 5-year basis.