Jack Henry & Associates, Inc. (JKHY) Expected to Post Quarterly Sales of $369.69 Million

Analysts expect that Jack Henry & Associates, Inc. (NASDAQ:JKHY) will post $369.69 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Jack Henry & Associates’ earnings, with the lowest sales estimate coming in at $368.00 million and the highest estimate coming in at $370.76 million. Jack Henry & Associates reported sales of $348.55 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.1%. The company is scheduled to issue its next quarterly earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that Jack Henry & Associates will report full-year sales of $369.69 million for the current year, with estimates ranging from $1.50 billion to $1.51 billion. For the next year, analysts anticipate that the firm will report sales of $1.60 billion per share, with estimates ranging from $1.59 billion to $1.61 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Jack Henry & Associates.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.76 EPS 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 research analysts have recently commented on JKHY shares. Cantor Fitzgerald restated a “buy” rating and issued a $112.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 8th. Zacks Investment Research raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a research note on Saturday. Robert W. Baird reaffirmed a “hold” rating and issued a $114.00 price objective on shares of Jack Henry & Associates in a research note on Friday, November 10th. Oppenheimer reaffirmed a “hold” rating on shares of Jack Henry & Associates in a research note on Thursday. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $96.00 price objective on shares of Jack Henry & Associates in a research note on Friday, October 20th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $116.20.

Large investors have recently added to or reduced their stakes in the stock. YorkBridge Wealth Partners LLC lifted its stake in 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 worth $112,000 after acquiring an additional 45 shares during the period. MPS Loria Financial Planners LLC purchased a new stake in Jack Henry & Associates in the second quarter worth about $145,000. Koch Industries Inc. purchased a new stake in Jack Henry & Associates in the second quarter worth about $203,000. Boothbay Fund Management LLC purchased a new stake in Jack Henry & Associates in the third quarter worth about $206,000. Finally, Zions Bancorporation purchased a new stake in Jack Henry & Associates in the third quarter worth about $207,000. 89.07% of the stock is owned by institutional investors.

Jack Henry & Associates (JKHY) opened at $125.15 on Monday. The company has a market cap of $9,665.89, a PE ratio of 39.48, a PEG ratio of 3.26 and a beta of 0.77. Jack Henry & Associates has a 1-year low of $88.11 and a 1-year high of $125.55.

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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).

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

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