Jack Henry & Associates, Inc. (NASDAQ:JKHY) – Research analysts at Cantor Fitzgerald issued their FY2019 earnings per share estimates for Jack Henry & Associates in a report issued on Monday. Cantor Fitzgerald analyst J. Foresi expects that the technology company will earn $3.55 per share for the year. Cantor Fitzgerald has a “Overweight” rating and a $128.00 price target on the stock.

Several other brokerages have also recently weighed in on JKHY. Royal Bank of Canada reissued a “sector perform” rating and set a $103.00 price target (up previously from $96.00) on shares of Jack Henry & Associates in a research report on Thursday, November 9th. Robert W. Baird restated a “hold” rating and issued a $114.00 price objective on shares of Jack Henry & Associates in a report on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $110.50.

Shares of Jack Henry & Associates (NASDAQ JKHY) traded up $1.14 during mid-day trading on Wednesday, hitting $119.78. 201,900 shares of the stock traded hands, compared to its average volume of 250,750. The firm has a market cap of $8,985.46, a PE ratio of 37.79, a price-to-earnings-growth ratio of 3.07 and a beta of 0.77. Jack Henry & Associates has a 1 year low of $88.11 and a 1 year high of $119.84.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were issued a $0.31 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $1.24 annualized dividend and a yield of 1.04%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 39.12%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC purchased a new stake in Jack Henry & Associates in the 3rd quarter valued at about $484,000. Visionary Asset Management Inc. purchased a new stake in Jack Henry & Associates during the third quarter worth about $214,000. GSA Capital Partners LLP purchased a new stake in Jack Henry & Associates during the third quarter worth about $293,000. Fieldpoint Private Securities LLC purchased a new stake in Jack Henry & Associates during the third quarter worth about $237,000. Finally, California Public Employees Retirement System increased its stake in Jack Henry & Associates by 12.2% during the third quarter. California Public Employees Retirement System now owns 195,611 shares of the technology company’s stock worth $20,107,000 after purchasing an additional 21,211 shares during the period. Hedge funds and other institutional investors own 88.98% of the company’s stock.

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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).

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

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