Analysts Offer Predictions for Jack Henry & Associates, Inc.’s FY2020 Earnings (NASDAQ:JKHY)

Jack Henry & Associates, Inc. (NASDAQ:JKHY) – Stock analysts at Cantor Fitzgerald lifted their FY2020 EPS estimates for Jack Henry & Associates in a report released on Wednesday, November 6th. Cantor Fitzgerald analyst J. Foresi now forecasts that the technology company will post earnings per share of $3.64 for the year, up from their previous estimate of $3.63.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Monday, November 4th. The technology company reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.12. The business had revenue of $438.00 million during the quarter, compared to analysts’ expectations of $420.34 million. Jack Henry & Associates had a net margin of 17.38% and a return on equity of 19.41%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.08 earnings per share.

A number of other equities research analysts have also recently commented on JKHY. Atlantic Securities began coverage on shares of Jack Henry & Associates in a research report on Tuesday, September 3rd. They issued a “neutral” rating and a $147.00 target price for the company. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a research report on Thursday. ValuEngine upgraded shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 30th. BidaskClub upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Wells Fargo & Co increased their target price on shares of Jack Henry & Associates from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $154.20.

Shares of NASDAQ JKHY traded up $0.86 during mid-day trading on Friday, reaching $149.51. The company’s stock had a trading volume of 349,900 shares, compared to its average volume of 439,729. The stock has a 50-day moving average of $143.67 and a two-hundred day moving average of $140.31. The stock has a market capitalization of $11.21 billion, a P/E ratio of 42.47, a P/E/G ratio of 3.49 and a beta of 0.88. Jack Henry & Associates has a 1-year low of $120.20 and a 1-year high of $151.66.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers purchased a new stake in shares of Jack Henry & Associates in the third quarter valued at about $246,000. Cetera Advisors LLC purchased a new stake in shares of Jack Henry & Associates in the third quarter valued at about $205,000. Miracle Mile Advisors LLC grew its holdings in shares of Jack Henry & Associates by 2.8% in the third quarter. Miracle Mile Advisors LLC now owns 20,681 shares of the technology company’s stock valued at $3,019,000 after purchasing an additional 567 shares during the period. Great Lakes Advisors LLC grew its holdings in shares of Jack Henry & Associates by 27.6% in the third quarter. Great Lakes Advisors LLC now owns 9,496 shares of the technology company’s stock valued at $1,386,000 after purchasing an additional 2,054 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Jack Henry & Associates by 1,763.2% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,770 shares of the technology company’s stock valued at $258,000 after purchasing an additional 1,675 shares during the period. 91.04% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Mark S. Forbis sold 1,479 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $148.29, for a total value of $219,320.91. Following the completion of the sale, the vice president now owns 1,621 shares of the company’s stock, valued at $240,378.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ronald L. Moses sold 1,800 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $146.60, for a total transaction of $263,880.00. Following the completion of the sale, the vice president now directly owns 1,838 shares of the company’s stock, valued at approximately $269,450.80. The disclosure for this sale can be found here. 0.85% of the stock is owned by corporate insiders.

Jack Henry & Associates Company Profile

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

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