Analysts Anticipate Jack Henry & Associates, Inc. (NASDAQ:JKHY) Will Post Earnings of $1.34 Per Share

Analysts predict that Jack Henry & Associates, Inc. (NASDAQ:JKHY) will announce earnings of $1.34 per share for the current quarter, according to Zacks. Two analysts have made estimates for Jack Henry & Associates’ earnings. The highest EPS estimate is $1.36 and the lowest is $1.32. Jack Henry & Associates posted earnings per share of $1.19 in the same quarter last year, which indicates a positive year-over-year growth rate of 12.6%. The business is scheduled to announce its next earnings results on Wednesday, November 3rd.

According to Zacks, analysts expect that Jack Henry & Associates will report full year earnings of $4.57 per share for the current year, with EPS estimates ranging from $4.53 to $4.60. For the next financial year, analysts expect that the business will report earnings of $5.09 per share. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Jack Henry & Associates.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Monday, August 16th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.11. The firm had revenue of $450.29 million during the quarter, compared to the consensus estimate of $445.08 million. Jack Henry & Associates had a net margin of 17.72% and a return on equity of 21.77%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS.

JKHY has been the subject of a number of analyst reports. Royal Bank of Canada upped their price target on Jack Henry & Associates from $171.00 to $180.00 and gave the stock a “sector perform” rating in a report on Thursday, August 19th. Raymond James upped their price target on Jack Henry & Associates from $174.00 to $192.00 and gave the stock an “outperform” rating in a report on Thursday, August 19th. DA Davidson upped their price target on Jack Henry & Associates from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 19th. Finally, Compass Point increased their target price on Jack Henry & Associates from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, August 19th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $180.71.

In related news, Director Thomas Hampton Jr. Wilson bought 169 shares of the company’s stock in a transaction on Tuesday, August 24th. The shares were purchased at an average cost of $175.12 per share, with a total value of $29,595.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Stacey E. Zengel sold 2,347 shares of the stock in a transaction on Friday, June 25th. The stock was sold at an average price of $166.01, for a total value of $389,625.47. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of JKHY. Nicholas Company Inc. boosted its stake in Jack Henry & Associates by 50.9% during the first quarter. Nicholas Company Inc. now owns 84,272 shares of the technology company’s stock valued at $12,786,000 after buying an additional 28,430 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in Jack Henry & Associates by 2.2% during the first quarter. Mutual of America Capital Management LLC now owns 9,880 shares of the technology company’s stock valued at $1,499,000 after buying an additional 217 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in Jack Henry & Associates by 41.6% during the first quarter. Panagora Asset Management Inc. now owns 19,321 shares of the technology company’s stock valued at $2,931,000 after buying an additional 5,678 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Jack Henry & Associates by 9.5% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 10,461 shares of the technology company’s stock valued at $1,710,000 after purchasing an additional 904 shares during the period. Finally, NFJ Investment Group LLC acquired a new position in shares of Jack Henry & Associates in the 1st quarter valued at $4,593,000. 90.23% of the stock is currently owned by institutional investors.

NASDAQ JKHY traded up $0.90 on Thursday, reaching $170.81. The company had a trading volume of 312,750 shares, compared to its average volume of 511,525. The firm has a market capitalization of $12.64 billion, a PE ratio of 41.24, a P/E/G ratio of 3.36 and a beta of 0.60. Jack Henry & Associates has a 1 year low of $141.65 and a 1 year high of $179.98. The firm has a 50-day moving average of $173.29 and a 200-day moving average of $163.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.04 and a quick ratio of 1.04.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 29th. Investors of record on Thursday, September 9th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, September 8th. Jack Henry & Associates’s dividend payout ratio is currently 44.66%.

About Jack Henry & Associates

Jack Henry & Associates, Inc engages in the provision of technology solutions and payment processing services primarily for financial services organizations. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment focuses on core information processing platforms to banks and credit unions, which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer or member information.

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

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