Brokerages predict that Jack Henry & Associates, Inc. (NASDAQ:JKHY) will report earnings per share (EPS) of $0.93 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Jack Henry & Associates’ earnings. The lowest EPS estimate is $0.92 and the highest is $0.95. Jack Henry & Associates posted earnings of $0.76 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 22.4%. The company is expected to issue its next quarterly earnings results on Tuesday, November 6th.

On average, analysts expect that Jack Henry & Associates will report full-year earnings of $4.01 per share for the current year, with EPS estimates ranging from $3.90 to $4.04. For the next year, analysts anticipate that the business will report earnings of $4.53 per share, with EPS estimates ranging from $4.48 to $4.62. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Jack Henry & Associates.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, August 21st. The technology company reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.15. The company had revenue of $417.20 million during the quarter, compared to the consensus estimate of $407.57 million. Jack Henry & Associates had a net margin of 24.51% and a return on equity of 23.72%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.82 earnings per share.

Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Cantor Fitzgerald reiterated a “buy” rating and issued a $134.00 target price on shares of Jack Henry & Associates in a report on Tuesday, May 22nd. BidaskClub upgraded shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 2nd. Robert W. Baird increased their target price on shares of Jack Henry & Associates from $128.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, July 16th. Finally, Wells Fargo & Co increased their target price on shares of Jack Henry & Associates from $110.00 to $160.00 and gave the company a “market perform” rating in a report on Thursday, August 23rd. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Jack Henry & Associates currently has an average rating of “Hold” and a consensus price target of $137.29.

Shares of JKHY stock traded down $2.92 on Monday, hitting $159.94. The stock had a trading volume of 665,800 shares, compared to its average volume of 353,237. The company has a market cap of $12.47 billion, a P/E ratio of 44.55, a P/E/G ratio of 3.66 and a beta of 0.92. Jack Henry & Associates has a 12-month low of $100.78 and a 12-month high of $163.68.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 2nd. Investors of record on Tuesday, September 11th will be issued a dividend of $0.37 per share. The ex-dividend date is Monday, September 10th. This represents a $1.48 dividend on an annualized basis and a yield of 0.93%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 41.23%.

In related news, Director John F. Prim sold 6,329 shares of the firm’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $157.40, for a total transaction of $996,184.60. Following the completion of the sale, the director now owns 206,318 shares in the company, valued at $32,474,453.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Wesley A. Brown sold 3,479 shares of the firm’s stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $132.21, for a total transaction of $459,958.59. Following the sale, the director now owns 91,124 shares of the company’s stock, valued at approximately $12,047,504.04. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Qube Research & Technologies Ltd bought a new position in Jack Henry & Associates during the second quarter worth about $108,000. Cornerstone Wealth Management LLC bought a new position in Jack Henry & Associates during the second quarter worth about $114,000. Fort L.P. bought a new position in Jack Henry & Associates during the second quarter worth about $122,000. Signaturefd LLC boosted its position in Jack Henry & Associates by 67.7% during the second quarter. Signaturefd LLC now owns 946 shares of the technology company’s stock worth $123,000 after purchasing an additional 382 shares during the period. Finally, Bessemer Group Inc. boosted its position in Jack Henry & Associates by 311.3% during the second quarter. Bessemer Group Inc. now owns 1,090 shares of the technology company’s stock worth $143,000 after purchasing an additional 825 shares during the period. Institutional investors and hedge funds own 88.08% of the company’s stock.

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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