Q3 2018 Earnings Estimate for Jack Henry & Associates, Inc. (JKHY) Issued By Northcoast Research

Jack Henry & Associates, Inc. (NASDAQ:JKHY) – Stock analysts at Northcoast Research raised their Q3 2018 earnings per share estimates for Jack Henry & Associates in a research report issued to clients and investors on Thursday. Northcoast Research analyst K. Mehta now anticipates that the technology company will post earnings per share of $0.85 for the quarter, up from their previous estimate of $0.77.

A number of other research analysts have also recently commented on the company. Zacks Investment Research upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock in a research note on Wednesday, January 10th. Royal Bank of Canada restated a “sector perform” rating and set a $103.00 price target (up from $96.00) on shares of Jack Henry & Associates in a research note on Thursday, November 9th. Robert W. Baird restated a “hold” rating and set a $114.00 price target on shares of Jack Henry & Associates in a research note on Friday, November 10th. Oppenheimer restated a “hold” rating on shares of Jack Henry & Associates in a research note on Thursday, January 18th. Finally, Cantor Fitzgerald upped their price target on Jack Henry & Associates to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, November 9th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Jack Henry & Associates currently has an average rating of “Hold” and an average target price of $122.17.

Jack Henry & Associates (NASDAQ:JKHY) opened at $115.33 on Monday. 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 $8,910.00, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 3.10 and a beta of 0.78.

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, meeting analysts’ consensus estimates of $0.80. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 23.35%. The firm had revenue of $374.80 million for the quarter, compared to analysts’ expectations of $368.84 million. During the same period in the prior year, the firm posted $0.75 earnings per share. The firm’s quarterly revenue was up 7.5% on a year-over-year basis.

A number of large investors have recently added to or reduced their stakes in the business. State Street Corp raised its stake in shares of Jack Henry & Associates by 28.7% in the second quarter. State Street Corp now owns 2,673,266 shares of the technology company’s stock valued at $277,675,000 after acquiring an additional 596,227 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Jack Henry & Associates by 228.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 337,226 shares of the technology company’s stock valued at $39,442,000 after acquiring an additional 234,583 shares in the last quarter. Koch Industries Inc. acquired a new stake in shares of Jack Henry & Associates in the second quarter valued at $203,000. BlackRock Inc. raised its stake in shares of Jack Henry & Associates by 1.9% in the fourth quarter. BlackRock Inc. now owns 8,713,051 shares of the technology company’s stock valued at $1,019,079,000 after acquiring an additional 164,542 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Jack Henry & Associates by 72.3% in the fourth quarter. Schroder Investment Management Group now owns 212,490 shares of the technology company’s stock valued at $24,853,000 after acquiring an additional 89,200 shares in the last quarter. Institutional investors own 89.10% 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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