Oppenheimer Weighs in on Jack Henry & Associates, Inc.’s Q3 2018 Earnings (JKHY)

Jack Henry & Associates, Inc. (NASDAQ:JKHY) – Research analysts at Oppenheimer upped their Q3 2018 earnings estimates for shares of Jack Henry & Associates in a research report issued on Thursday. Oppenheimer analyst G. Greene now anticipates that the technology company will post earnings of $0.91 per share for the quarter, up from their prior estimate of $0.80. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for Jack Henry & Associates’ Q4 2018 earnings at $1.02 EPS, FY2018 earnings at $3.55 EPS, Q1 2019 earnings at $0.96 EPS, Q2 2019 earnings at $1.00 EPS, Q3 2019 earnings at $0.99 EPS and Q4 2019 earnings at $1.10 EPS.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.03). Jack Henry & Associates had a return on equity of 23.92% and a net margin of 17.08%.

A number of other brokerages also recently weighed in on JKHY. Zacks Investment Research raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock in a report on Wednesday, January 10th. Robert W. Baird reissued a “hold” rating and issued a $114.00 price target on shares of Jack Henry & Associates in a report on Friday, November 10th. Cantor Fitzgerald upped their price objective on shares of Jack Henry & Associates to $128.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $103.00 price objective (up from $96.00) on shares of Jack Henry & Associates in a report on Thursday, November 9th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $115.20.

Shares of Jack Henry & Associates (NASDAQ JKHY) traded down $0.36 during trading hours on Friday, hitting $124.43. 265,500 shares of the company were exchanged, compared to its average volume of 277,567. The stock has a market cap of $9,638.09, a P/E ratio of 39.25, a P/E/G ratio of 3.29 and a beta of 0.77. Jack Henry & Associates has a 52 week low of $88.11 and a 52 week high of $125.55.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. YorkBridge Wealth Partners LLC lifted its holdings in Jack Henry & Associates by 4.3% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,088 shares of the technology company’s stock valued at $112,000 after purchasing an additional 45 shares during the last quarter. Acrospire Investment Management LLC purchased a new stake in Jack Henry & Associates during the second quarter valued at about $114,000. MPS Loria Financial Planners LLC purchased a new stake in Jack Henry & Associates during the second quarter valued at about $145,000. Koch Industries Inc. purchased a new stake in Jack Henry & Associates during the second quarter valued at about $203,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Jack Henry & Associates in the third quarter worth about $206,000. 89.04% of the stock is currently owned by institutional investors and hedge funds.

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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).

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

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