$0.79 EPS Expected for Jack Henry & Associates, Inc. (JKHY) This Quarter
Wall Street brokerages expect that Jack Henry & Associates, Inc. (NASDAQ:JKHY) will report earnings per share of $0.79 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Jack Henry & Associates’ earnings. The highest EPS estimate is $0.81 and the lowest is $0.78. Jack Henry & Associates also reported earnings of $0.79 per share in the same quarter last year. The firm is scheduled to announce its next earnings report on Monday, November 6th.
According to Zacks, analysts expect that Jack Henry & Associates will report full-year earnings of $3.28 per share for the current fiscal year, with EPS estimates ranging from $3.28 to $3.30. For the next year, analysts anticipate that the firm will post earnings of $3.55 per share, with EPS estimates ranging from $3.52 to $3.59. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Jack Henry & Associates.
Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, August 15th. The technology company reported $0.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.83. The firm had revenue of $383.77 million for the quarter, compared to analyst estimates of $372.98 million. Jack Henry & Associates had a net margin of 17.17% and a return on equity of 24.65%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.06 EPS.
Several research firms recently commented on JKHY. Zacks Investment Research raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Wednesday. BidaskClub downgraded shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Cantor Fitzgerald began coverage on shares of Jack Henry & Associates in a research note on Monday, August 28th. They issued an “overweight” rating and a $112.00 price target on the stock. Finally, Stephens reaffirmed an “equal weight” rating and issued a $97.00 price target (up previously from $93.00) on shares of Jack Henry & Associates in a research note on Friday, August 18th.
A number of hedge funds have recently bought and sold shares of the stock. Hikari Tsushin Inc. purchased a new position in Jack Henry & Associates in the 2nd quarter worth about $717,000. Intl Fcstone Inc. purchased a new position in Jack Henry & Associates in the 2nd quarter worth about $1,640,000. Achmea Investment Management B.V. purchased a new position in Jack Henry & Associates during the 2nd quarter valued at about $959,000. Colony Group LLC increased its position in Jack Henry & Associates by 62.7% during the 2nd quarter. Colony Group LLC now owns 42,563 shares of the technology company’s stock valued at $4,421,000 after purchasing an additional 16,405 shares during the period. Finally, Koch Industries Inc. purchased a new position in Jack Henry & Associates during the 2nd quarter valued at about $203,000. 91.99% of the stock is currently owned by institutional investors.
Shares of Jack Henry & Associates (JKHY) traded down 0.08% during midday trading on Thursday, hitting $102.02. 149,531 shares of the stock were exchanged. The stock has a market cap of $7.90 billion, a P/E ratio of 32.49 and a beta of 0.75. The firm has a 50 day moving average of $103.51 and a 200-day moving average of $100.28. Jack Henry & Associates has a 12 month low of $79.00 and a 12 month high of $109.67.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Friday, September 8th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, September 7th. Jack Henry & Associates’s dividend payout ratio is presently 39.49%.
About Jack Henry & Associates
Jack Henry & Associates, Inc is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union).
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