Brokerages forecast that Jack Henry & Associates, Inc. (NASDAQ:JKHY) will report $375.35 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Jack Henry & Associates’ earnings, with estimates ranging from $370.94 million to $378.04 million. Jack Henry & Associates reported sales of $353.77 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.1%. The business is scheduled to report its next earnings report on Tuesday, May 1st.
On average, analysts expect that Jack Henry & Associates will report full year sales of $375.35 million for the current year, with estimates ranging from $1.51 billion to $1.52 billion. For the next year, analysts anticipate that the company will post sales of $1.61 billion per share, with estimates ranging from $1.60 billion to $1.62 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Jack Henry & Associates.
Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, February 6th. The technology company reported $0.80 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.80. Jack Henry & Associates had a net margin of 23.35% and a return on equity of 23.11%. The company had revenue of $374.80 million for the quarter, compared to analysts’ expectations of $368.84 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. Jack Henry & Associates’s revenue for the quarter was up 7.5% compared to the same quarter last year.
Jack Henry & Associates (JKHY) opened at $124.06 on Wednesday. Jack Henry & Associates has a 1 year low of $91.50 and a 1 year high of $127.31. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $9,534.84, a PE ratio of 28.00, a price-to-earnings-growth ratio of 3.33 and a beta of 0.82.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.37 per share. The ex-dividend date is Wednesday, February 28th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.31. This represents a $1.48 dividend on an annualized basis and a yield of 1.19%. Jack Henry & Associates’s dividend payout ratio is 33.41%.
In other Jack Henry & Associates news, CEO David B. Foss sold 7,000 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $123.44, for a total transaction of $864,080.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Mark S. Forbis sold 1,014 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $123.19, for a total transaction of $124,914.66. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the business. Xact Kapitalforvaltning AB increased its stake in Jack Henry & Associates by 14.2% during the fourth quarter. Xact Kapitalforvaltning AB now owns 7,580 shares of the technology company’s stock worth $887,000 after purchasing an additional 945 shares during the period. We Are One Seven LLC purchased a new stake in Jack Henry & Associates during the fourth quarter worth about $406,000. MetLife Investment Advisors LLC purchased a new stake in Jack Henry & Associates during the fourth quarter worth about $5,715,000. BB&T Securities LLC increased its stake in Jack Henry & Associates by 5.9% during the fourth quarter. BB&T Securities LLC now owns 14,734 shares of the technology company’s stock worth $1,723,000 after purchasing an additional 822 shares during the period. Finally, Vident Investment Advisory LLC increased its stake in Jack Henry & Associates by 47.0% during the fourth quarter. Vident Investment Advisory LLC now owns 11,829 shares of the technology company’s stock worth $1,384,000 after purchasing an additional 3,784 shares during the period. Institutional investors own 84.58% 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).
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