Analysts expect Jack Henry & Associates, Inc. (NASDAQ:JKHY) to report earnings of $0.85 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Jack Henry & Associates’ earnings, with estimates ranging from $0.84 to $0.87. Jack Henry & Associates reported earnings of $0.80 per share in the same quarter last year, which indicates a positive year over year growth rate of 6.2%. The firm is scheduled to report its next earnings report on Tuesday, February 5th.
According to Zacks, analysts expect that Jack Henry & Associates will report full year earnings of $3.68 per share for the current year, with EPS estimates ranging from $3.64 to $3.78. For the next financial year, analysts anticipate that the company will post earnings of $4.16 per share, with EPS estimates ranging from $4.04 to $4.53. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Jack Henry & Associates.
Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, November 6th. The technology company reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.15. Jack Henry & Associates had a return on equity of 24.13% and a net margin of 25.29%. The firm had revenue of $392.54 million for the quarter, compared to the consensus estimate of $385.12 million. During the same period in the previous year, the business earned $0.86 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year.
A number of analysts recently issued reports on JKHY shares. Zacks Investment Research downgraded Jack Henry & Associates from a “hold” rating to a “sell” rating in a research report on Saturday, November 10th. BidaskClub lowered Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 10th. ValuEngine lowered Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 8th. Wells Fargo & Co lifted their price objective on Jack Henry & Associates from $110.00 to $160.00 and gave the stock a “market perform” rating in a research note on Thursday, August 23rd. Finally, Cantor Fitzgerald lifted their price objective on Jack Henry & Associates from $141.00 to $169.00 and gave the stock an “overweight” rating in a research note on Thursday, August 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $143.00.
Hedge funds have recently added to or reduced their stakes in the stock. First Hawaiian Bank purchased a new position in Jack Henry & Associates during the 3rd quarter valued at about $324,000. CIBC World Markets Inc. boosted its holdings in Jack Henry & Associates by 69.0% during the second quarter. CIBC World Markets Inc. now owns 9,413 shares of the technology company’s stock worth $1,227,000 after purchasing an additional 3,842 shares during the last quarter. Dakota Wealth Management purchased a new position in Jack Henry & Associates during the second quarter worth about $1,033,000. Bank of Montreal Can boosted its holdings in Jack Henry & Associates by 31.7% during the third quarter. Bank of Montreal Can now owns 50,508 shares of the technology company’s stock worth $8,085,000 after purchasing an additional 12,155 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Jack Henry & Associates by 18.2% during the second quarter. California Public Employees Retirement System now owns 229,231 shares of the technology company’s stock worth $29,883,000 after purchasing an additional 35,326 shares during the last quarter. 91.32% of the stock is currently owned by institutional investors and hedge funds.
Shares of JKHY stock traded down $2.20 on Friday, hitting $133.75. The stock had a trading volume of 564,473 shares, compared to its average volume of 1,618,718. Jack Henry & Associates has a twelve month low of $112.78 and a twelve month high of $163.68. The firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of 37.26, a price-to-earnings-growth ratio of 3.29 and a beta of 0.91.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Monday, December 3rd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Friday, November 30th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 41.23%.
About Jack Henry & Associates
Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.
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