$0.86 Earnings Per Share Expected for Jack Henry & Associates, Inc. (NASDAQ:JKHY) This Quarter

Equities research analysts forecast that Jack Henry & Associates, Inc. (NASDAQ:JKHY) will announce $0.86 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Jack Henry & Associates’ earnings, with the highest EPS estimate coming in at $0.86 and the lowest estimate coming in at $0.85. Jack Henry & Associates posted earnings of $0.96 per share in the same quarter last year, which would indicate a negative year over year growth rate of 10.4%. The firm is scheduled to issue its next earnings results on Monday, May 3rd.

According to Zacks, analysts expect that Jack Henry & Associates will report full-year earnings of $3.87 per share for the current financial year, with EPS estimates ranging from $3.80 to $3.90. For the next year, analysts anticipate that the company will post earnings of $4.36 per share, with EPS estimates ranging from $4.20 to $4.49. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Jack Henry & Associates.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Sunday, February 7th. The technology company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.07. Jack Henry & Associates had a net margin of 17.45% and a return on equity of 19.59%. The business had revenue of $422.30 million during the quarter, compared to analysts’ expectations of $432.04 million. During the same period in the previous year, the company earned $0.94 earnings per share. Jack Henry & Associates’s revenue for the quarter was up .8% on a year-over-year basis.

A number of analysts have recently weighed in on the stock. Compass Point upgraded shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and set a $175.00 price objective for the company in a research note on Friday, February 12th. Royal Bank of Canada dropped their target price on shares of Jack Henry & Associates from $194.00 to $169.00 and set a “sector perform” rating on the stock in a research report on Friday, November 6th. Oppenheimer reaffirmed a “hold” rating on shares of Jack Henry & Associates in a research report on Friday, December 18th. DA Davidson raised shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $154.00 to $182.00 in a research report on Monday, November 9th. Finally, Evercore ISI raised shares of Jack Henry & Associates from an “underperform” rating to an “in-line” rating and boosted their target price for the stock from $133.00 to $165.00 in a research report on Monday, January 11th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $175.00.

In other Jack Henry & Associates news, Director Thomas A. Wimsett purchased 8,900 shares of the stock in a transaction on Tuesday, December 22nd. The shares were purchased at an average price of $156.35 per share, with a total value of $1,391,515.00. Following the acquisition, the director now directly owns 29,941 shares of the company’s stock, valued at approximately $4,681,275.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.84% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Huntington National Bank grew its holdings in shares of Jack Henry & Associates by 541.7% in the 3rd quarter. Huntington National Bank now owns 154 shares of the technology company’s stock worth $25,000 after purchasing an additional 130 shares during the last quarter. Vantage Consulting Group Inc bought a new stake in shares of Jack Henry & Associates in the 4th quarter worth about $28,000. Wolff Wiese Magana LLC bought a new stake in shares of Jack Henry & Associates in the 4th quarter worth about $31,000. JJJ Advisors Inc. grew its holdings in shares of Jack Henry & Associates by 166.2% in the 4th quarter. JJJ Advisors Inc. now owns 205 shares of the technology company’s stock worth $33,000 after purchasing an additional 128 shares during the last quarter. Finally, Paces Ferry Wealth Advisors LLC bought a new stake in shares of Jack Henry & Associates in the 3rd quarter worth about $34,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Shares of Jack Henry & Associates stock traded down $2.59 on Tuesday, reaching $150.27. The stock had a trading volume of 15,298 shares, compared to its average volume of 674,645. The business’s 50-day moving average price is $153.47 and its two-hundred day moving average price is $160.32. Jack Henry & Associates has a fifty-two week low of $123.64 and a fifty-two week high of $200.98. The stock has a market cap of $11.43 billion, a P/E ratio of 39.30, a price-to-earnings-growth ratio of 3.88 and a beta of 0.52.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 25th. Shareholders of record on Monday, March 8th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.22%. The ex-dividend date is Friday, March 5th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.43. Jack Henry & Associates’s payout ratio is 44.56%.

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 asset 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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