Wall Street analysts expect that Jack Henry & Associates, Inc. (NASDAQ:JKHY) will report $360.50 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Jack Henry & Associates’ earnings, with the lowest sales estimate coming in at $358.10 million and the highest estimate coming in at $362.80 million. Jack Henry & Associates reported sales of $345.03 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4.5%. The business is scheduled to issue its next quarterly earnings report on Monday, November 6th.

On average, analysts expect that Jack Henry & Associates will report full year sales of $360.50 million for the current fiscal year, with estimates ranging from $1.50 billion to $1.51 billion. For the next financial year, analysts forecast that the company will post sales of $1.60 billion per share, with estimates ranging from $1.59 billion to $1.60 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Jack Henry & Associates.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, August 15th. The technology company reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. Jack Henry & Associates had a net margin of 17.17% and a return on equity of 24.65%. The business had revenue of $383.77 million for the quarter, compared to analyst estimates of $372.98 million. During the same quarter in the previous year, the firm posted $1.06 earnings per share. Jack Henry & Associates’s quarterly revenue was up 4.6% on a year-over-year basis.

A number of equities analysts recently issued reports on the company. Zacks Investment Research raised Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Robert W. Baird reaffirmed a “hold” rating and issued a $104.00 price target on shares of Jack Henry & Associates in a report on Tuesday, September 19th. BidaskClub downgraded Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 19th. Cantor Fitzgerald assumed coverage on Jack Henry & Associates in a report on Monday, August 28th. They issued an “overweight” rating and a $112.00 price target for the company. Finally, Stephens reaffirmed an “equal weight” rating and issued a $97.00 price target (up from $93.00) on shares of Jack Henry & Associates in a report on Friday, August 18th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $104.33.

In other news, VP Mark S. Forbis sold 2,600 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $101.16, for a total value of $263,016.00. Following the completion of the sale, the vice president now directly owns 1,696 shares of the company’s stock, valued at $171,567.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin D. Williams sold 20,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $101.63, for a total value of $2,032,600.00. Following the completion of the sale, the insider now directly owns 43,314 shares of the company’s stock, valued at $4,402,001.82. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC boosted its holdings in shares of Jack Henry & Associates by 43.3% in the first quarter. Parallel Advisors LLC now owns 1,108 shares of the technology company’s stock valued at $108,000 after acquiring an additional 335 shares during the period. YorkBridge Wealth Partners LLC boosted its holdings in shares of Jack Henry & Associates by 4.3% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,088 shares of the technology company’s stock valued at $112,000 after acquiring an additional 45 shares during the period. Acrospire Investment Management LLC acquired a new stake in shares of Jack Henry & Associates during the second quarter worth $114,000. Almanack Investment Partners LLC. acquired a new stake in shares of Jack Henry & Associates during the first quarter worth $124,000. Finally, IFP Advisors Inc lifted its holdings in shares of Jack Henry & Associates by 40.6% during the second quarter. IFP Advisors Inc now owns 1,312 shares of the technology company’s stock worth $136,000 after purchasing an additional 379 shares during the period. 91.66% of the stock is owned by institutional investors and hedge funds.

Shares of Jack Henry & Associates (NASDAQ JKHY) opened at 103.92 on Thursday. The company’s 50-day moving average is $101.60 and its 200 day moving average is $101.12. The company has a market cap of $8.05 billion, a price-to-earnings ratio of 33.10 and a beta of 0.75. Jack Henry & Associates has a 1-year low of $79.00 and a 1-year high of $109.67.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Friday, September 8th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, September 7th. Jack Henry & Associates’s payout ratio is currently 39.49%.

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Jack Henry & Associates Company Profile

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

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