Analysts Expect Jack Henry & Associates, Inc. (JKHY) Will Post Earnings of $0.77 Per Share

Wall Street analysts predict that Jack Henry & Associates, Inc. (NASDAQ:JKHY) will announce $0.77 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have provided estimates for Jack Henry & Associates’ earnings, with estimates ranging from $0.74 to $0.78. Jack Henry & Associates reported earnings of $0.93 per share in the same quarter last year, which would indicate a negative year over year growth rate of 17.2%. The business is expected to issue its next quarterly earnings report on Tuesday, May 7th.

On average, analysts expect that Jack Henry & Associates will report full year earnings of $3.57 per share for the current financial year, with EPS estimates ranging from $3.54 to $3.62. For the next financial year, analysts expect that the business will report earnings of $3.96 per share, with EPS estimates ranging from $3.88 to $4.01. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Jack Henry & Associates.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, February 5th. The technology company reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.03. Jack Henry & Associates had a return on equity of 23.57% and a net margin of 19.57%. The firm had revenue of $386.28 million during the quarter, compared to analysts’ expectations of $380.40 million. During the same period in the previous year, the business earned $2.08 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis.

Several analysts recently commented on JKHY shares. Cantor Fitzgerald reiterated a “buy” rating and set a $163.00 price target on shares of Jack Henry & Associates in a research report on Tuesday, February 5th. Wells Fargo & Co upgraded Jack Henry & Associates from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $160.00 to $155.00 in a research report on Thursday, February 7th. Zacks Investment Research upgraded Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. BidaskClub upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Wednesday, January 30th. Finally, Raymond James started coverage on Jack Henry & Associates in a research report on Wednesday, February 20th. They set a “market perform” rating for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Jack Henry & Associates has an average rating of “Hold” and an average target price of $152.75.

In related news, VP Ronald L. Moses sold 750 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $134.20, for a total transaction of $100,650.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Stacey E. Zengel sold 4,388 shares of the stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $133.50, for a total value of $585,798.00. Following the transaction, the vice president now directly owns 4,453 shares in the company, valued at approximately $594,475.50. The disclosure for this sale can be found here. Insiders have sold 12,713 shares of company stock worth $1,685,666 in the last three months. 0.84% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of JKHY. Cutler Group LP purchased a new stake in Jack Henry & Associates during the 4th quarter worth about $25,000. Sun Life Financial INC purchased a new stake in Jack Henry & Associates during the 4th quarter worth about $27,000. Executive Wealth Management LLC purchased a new stake in Jack Henry & Associates during the 4th quarter worth about $27,000. Guardian Life Insurance Co. of America purchased a new stake in Jack Henry & Associates during the 4th quarter worth about $28,000. Finally, Legacy Financial Advisors Inc. increased its holdings in Jack Henry & Associates by 415.9% during the 4th quarter. Legacy Financial Advisors Inc. now owns 227 shares of the technology company’s stock worth $29,000 after purchasing an additional 183 shares during the period. Institutional investors own 89.34% of the company’s stock.

Shares of JKHY opened at $135.84 on Friday. Jack Henry & Associates has a one year low of $116.79 and a one year high of $163.68. The company has a market cap of $10.37 billion, a P/E ratio of 37.84, a PEG ratio of 3.42 and a beta of 0.87.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.18%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.37. Jack Henry & Associates’s payout ratio is 44.57%.

Jack Henry & Associates Company Profile

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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