FY2018 EPS Estimates for Jack Henry & Associates, Inc. Lifted by Analyst (JKHY)

Jack Henry & Associates, Inc. (NASDAQ:JKHY) – Stock analysts at Cantor Fitzgerald lifted their FY2018 earnings per share estimates for shares of Jack Henry & Associates in a research report issued to clients and investors on Thursday. Cantor Fitzgerald analyst J. Foresi now forecasts that the technology company will post earnings per share of $3.37 for the year, up from their previous estimate of $3.28. Cantor Fitzgerald currently has a “Buy” rating and a $128.00 target price on the stock.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.80 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.80. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 23.35%. The business had revenue of $374.80 million for the quarter, compared to analyst estimates of $368.84 million. During the same quarter in the prior year, the firm posted $0.75 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year.

Several other equities research analysts have also commented on JKHY. Stephens restated a “hold” rating and issued a $118.00 price objective on shares of Jack Henry & Associates in a research report on Tuesday, February 6th. Zacks Investment Research upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $142.00 price objective on the stock in a research report on Wednesday, January 31st. Robert W. Baird increased their target price on Jack Henry & Associates from $114.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. DA Davidson started coverage on Jack Henry & Associates in a research report on Monday, January 22nd. They set a “neutral” rating and a $118.00 target price on the stock. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $96.00 target price on shares of Jack Henry & Associates in a research report on Friday, October 20th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $122.17.

Shares of Jack Henry & Associates (NASDAQ:JKHY) opened at $115.33 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04. Jack Henry & Associates has a 52-week low of $90.25 and a 52-week high of $127.31. The company has a market capitalization of $8,910.57, a P/E ratio of 36.50, a price-to-earnings-growth ratio of 3.09 and a beta of 0.78.

Several large investors have recently made changes to their positions in JKHY. State Street Corp lifted its position in shares of Jack Henry & Associates by 28.7% during the 2nd quarter. State Street Corp now owns 2,673,266 shares of the technology company’s stock valued at $277,675,000 after buying an additional 596,227 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Jack Henry & Associates by 228.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 337,226 shares of the technology company’s stock valued at $39,442,000 after buying an additional 234,583 shares in the last quarter. Koch Industries Inc. purchased a new position in shares of Jack Henry & Associates during the 2nd quarter valued at approximately $203,000. BlackRock Inc. lifted its position in shares of Jack Henry & Associates by 1.9% during the 4th quarter. BlackRock Inc. now owns 8,713,051 shares of the technology company’s stock valued at $1,019,079,000 after buying an additional 164,542 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of Jack Henry & Associates by 72.3% during the 4th quarter. Schroder Investment Management Group now owns 212,490 shares of the technology company’s stock valued at $24,853,000 after buying an additional 89,200 shares in the last quarter. Hedge funds and other institutional investors own 89.09% 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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