ACI Worldwide Soars, But Payments Industry Declines
ACI Worldwide saw its value skyrocket, but the payments industry in its entirety fell -1.23 percent in a down week on the stock market.
Bolstered by Thursday’s third quarter report detailing a 38 percent increase in revenue compared to Q3 2011, ACI Worldwide saw its stock value gain 13.75 percent, growing to $43.26 a share. The company now expects its adjusted revenue to be in the range of $706 to $716 million.
Bottomline Technologies was this week’s second-biggest winner, also riding a strong quarterly report to a positive stock performance. The company saw a 9.68 percent gain to $25.03, and has grown over 25 percent in the past three months.
For the second week in a row, MoneyGram International performed poorly, losing -8.17 percent of its value to fall to $13.93. While remittances fell -1.00 percent as an industry, Western Union saw a modest rebound from its disastrous performance a week ago, rising 3.35 percent to $12.35 a share.
It was an overall down week for the four major networks, as the industry lost -1.40 percent of its value. Discover and Visa saw largely static weeks, increasing by 0.24 percent and decreasingly by -0.33 percent, respectively. MasterCard fell -1.02 percent to $464.66 a share, while American Express fell to $55.83 for a decline of -1.55 percent.
The POS equipment/software industry saw the biggest loss, falling -3.66 percent overall thanks to down weeks from Ingenico, USA Technologies, MICROS Systems, VeriFone Systems and NCR Corp.
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