Zacks: Analysts Expect Jack Henry & Associates, Inc. (NASDAQ:JKHY) to Post $0.91 EPS

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Wall Street brokerages expect Jack Henry & Associates, Inc. (NASDAQ:JKHY) to announce earnings of $0.91 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Jack Henry & Associates’ earnings, with the lowest EPS estimate coming in at $0.88 and the highest estimate coming in at $0.95. Jack Henry & Associates reported earnings per share of $0.88 during the same quarter last year, which indicates a positive year over year growth rate of 3.4%. The company is expected to announce its next earnings results on Tuesday, February 4th.

According to Zacks, analysts expect that Jack Henry & Associates will report full year earnings of $3.68 per share for the current fiscal year, with EPS estimates ranging from $3.62 to $3.88. For the next year, analysts anticipate that the business will report earnings of $4.20 per share, with EPS estimates ranging from $4.12 to $4.37. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Jack Henry & Associates.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Monday, November 4th. The technology company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.12. The company had revenue of $438.00 million during the quarter, compared to analysts’ expectations of $420.34 million. Jack Henry & Associates had a net margin of 17.38% and a return on equity of 19.41%. Jack Henry & Associates’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.08 EPS.

A number of research firms have recently weighed in on JKHY. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Thursday, November 7th. Evercore ISI downgraded shares of Jack Henry & Associates from an “in-line” rating to an “underperform” rating in a research report on Wednesday. ValuEngine upgraded shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 30th. BidaskClub lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Atlantic Securities assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $147.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus price target of $152.20.

NASDAQ:JKHY opened at $145.86 on Monday. Jack Henry & Associates has a 52 week low of $120.20 and a 52 week high of $152.93. The firm has a market cap of $11.20 billion, a price-to-earnings ratio of 40.43, a P/E/G ratio of 3.44 and a beta of 0.90. The firm’s 50-day simple moving average is $147.49 and its 200 day simple moving average is $142.16.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 2nd will be issued a $0.40 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 1.10%. Jack Henry & Associates’s payout ratio is 45.45%.

In other news, VP Mark S. Forbis sold 1,479 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $148.29, for a total transaction of $219,320.91. Following the transaction, the vice president now owns 1,621 shares of the company’s stock, valued at approximately $240,378.09. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Ronald L. Moses sold 1,800 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $146.60, for a total value of $263,880.00. Following the transaction, the vice president now directly owns 1,838 shares in the company, valued at approximately $269,450.80. The disclosure for this sale can be found here. Insiders sold a total of 4,292 shares of company stock valued at $637,491 over the last quarter. 0.85% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in JKHY. FMR LLC grew its position in Jack Henry & Associates by 44.1% in the 1st quarter. FMR LLC now owns 317,841 shares of the technology company’s stock valued at $44,097,000 after acquiring an additional 97,259 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Jack Henry & Associates by 1.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 350,761 shares of the technology company’s stock valued at $46,974,000 after purchasing an additional 5,387 shares during the period. SG Americas Securities LLC boosted its holdings in Jack Henry & Associates by 79.0% in the second quarter. SG Americas Securities LLC now owns 44,219 shares of the technology company’s stock valued at $5,922,000 after purchasing an additional 19,517 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Jack Henry & Associates by 11.8% in the second quarter. Janney Montgomery Scott LLC now owns 36,895 shares of the technology company’s stock valued at $4,941,000 after purchasing an additional 3,895 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its holdings in Jack Henry & Associates by 2.8% in the second quarter. BNP Paribas Arbitrage SA now owns 55,676 shares of the technology company’s stock valued at $7,456,000 after purchasing an additional 1,497 shares during the period. 91.34% of the stock is currently owned by institutional investors.

About Jack Henry & Associates

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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Earnings History and Estimates for Jack Henry & Associates (NASDAQ:JKHY)

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