Brokerages predict that Jack Henry & Associates, Inc. (NASDAQ:JKHY) will post $360.50 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Jack Henry & Associates’ earnings. The lowest sales estimate is $358.10 million and the highest is $362.80 million. Jack Henry & Associates posted sales of $345.03 million in the same quarter last year, which suggests a positive year over year growth rate of 4.5%. The firm is scheduled to issue its next quarterly earnings results on Monday, November 6th.

On average, analysts expect that Jack Henry & Associates will report full-year sales of $360.50 million for the current year, with estimates ranging from $1.50 billion to $1.51 billion. For the next year, analysts anticipate that the company will report sales of $1.60 billion per share, with estimates ranging from $1.59 billion to $1.60 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Jack Henry & Associates.

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

A number of research firms recently weighed in on JKHY. Zacks Investment Research raised Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Royal Bank Of Canada restated a “hold” rating and issued a $96.00 price target on shares of Jack Henry & Associates in a research note on Friday. BidaskClub downgraded Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Stephens restated an “equal weight” rating and issued a $97.00 price target (up from $93.00) on shares of Jack Henry & Associates in a research note on Friday, August 18th. Finally, Robert W. Baird restated a “neutral” rating and issued a $108.00 price target (up from $104.00) on shares of Jack Henry & Associates in a research note on Tuesday, October 10th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $103.25.

In other news, VP Mark S. Forbis sold 2,600 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $101.16, for a total transaction of $263,016.00. Following the completion of the sale, the vice president now directly owns 1,696 shares in the company, valued at approximately $171,567.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Kevin D. Williams sold 20,000 shares of the company’s stock in a transaction 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 sale, the insider now owns 43,314 shares of the company’s stock, valued at $4,402,001.82. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Synovus Financial Corp lifted its position in shares of Jack Henry & Associates by 21.9% during the 2nd quarter. Synovus Financial Corp now owns 12,251 shares of the technology company’s stock worth $1,277,000 after buying an additional 2,202 shares during the last quarter. Moody Aldrich Partners LLC bought a new stake in shares of Jack Henry & Associates during the 2nd quarter worth $219,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in shares of Jack Henry & Associates during the 2nd quarter worth $3,302,000. BlackRock Inc. lifted its position in shares of Jack Henry & Associates by 36.8% during the 2nd quarter. BlackRock Inc. now owns 8,439,992 shares of the technology company’s stock worth $876,664,000 after buying an additional 2,268,592 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Jack Henry & Associates by 24.2% during the 2nd quarter. Victory Capital Management Inc. now owns 27,240 shares of the technology company’s stock worth $2,829,000 after buying an additional 5,313 shares during the last quarter. Institutional investors and hedge funds own 90.99% of the company’s stock.

Jack Henry & Associates (JKHY) traded down 0.287% during trading on Tuesday, reaching $106.095. The company had a trading volume of 62,479 shares. The company has a market capitalization of $8.22 billion, a PE ratio of 33.788 and a beta of 0.75. The company has a 50 day moving average price of $103.26 and a 200 day moving average price of $102.27. Jack Henry & Associates has a 52-week low of $79.00 and a 52-week high of $109.67.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Friday, September 8th were given a dividend of $0.31 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.17%. Jack Henry & Associates’s payout ratio is 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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