$369.69 Million in Sales Expected for Jack Henry & Associates, Inc. (JKHY) This Quarter
Wall Street analysts expect that Jack Henry & Associates, Inc. (NASDAQ:JKHY) will post sales of $369.69 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Jack Henry & Associates’ earnings, with the highest sales estimate coming in at $370.76 million and the lowest estimate coming in at $368.00 million. Jack Henry & Associates posted sales of $348.55 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.1%. The company is expected to issue its next earnings report on Tuesday, February 6th.
According to Zacks, analysts expect that Jack Henry & Associates will report full-year sales of $369.69 million for the current fiscal year, with estimates ranging from $1.50 billion to $1.51 billion. For the next year, analysts anticipate that the business will post sales of $1.60 billion per share, with estimates ranging from $1.59 billion to $1.61 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Jack Henry & Associates.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Robert W. Baird reiterated a “hold” rating and issued a $104.00 target price on shares of Jack Henry & Associates in a research note on Tuesday, September 19th. Royal Bank Of Canada reiterated a “hold” rating and issued a $96.00 target price on shares of Jack Henry & Associates in a research note on Friday, October 20th. BidaskClub downgraded Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Finally, Cantor Fitzgerald assumed coverage on Jack Henry & Associates in a research note on Monday, August 28th. They issued an “overweight” rating and a $112.00 target price for the company. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $110.50.
In related news, VP Mark S. Forbis sold 2,600 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $101.16, for a total transaction of $263,016.00. Following the completion of the transaction, the vice president now directly owns 1,696 shares in the company, valued at approximately $171,567.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kevin D. Williams sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $101.63, for a total value of $2,032,600.00. Following the transaction, the insider now owns 43,314 shares of the company’s stock, valued at $4,402,001.82. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.
A number of hedge funds have recently bought and sold shares of JKHY. APG Asset Management N.V. purchased a new position in Jack Henry & Associates in the second quarter valued at about $5,173,000. Hartford Investment Management Co. bought a new position in Jack Henry & Associates during the second quarter valued at about $273,000. Sumitomo Mitsui Asset Management Company LTD bought a new position in Jack Henry & Associates during the second quarter valued at about $594,000. Strs Ohio grew its position in Jack Henry & Associates by 0.7% during the second quarter. Strs Ohio now owns 148,512 shares of the technology company’s stock worth $15,425,000 after buying an additional 1,012 shares in the last quarter. Finally, NGAM Advisors L.P. raised its stake in shares of Jack Henry & Associates by 2.4% in the second quarter. NGAM Advisors L.P. now owns 82,278 shares of the technology company’s stock valued at $8,546,000 after acquiring an additional 1,905 shares during the last quarter. 89.05% of the stock is currently owned by institutional investors.
Shares of Jack Henry & Associates (NASDAQ:JKHY) opened at $115.32 on Friday. Jack Henry & Associates has a 1-year low of $84.28 and a 1-year high of $117.46. The stock has a market cap of $8,907.45, a PE ratio of 37.08, a PEG ratio of 3.05 and a beta of 0.77.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.24 dividend on an annualized basis and a yield of 1.08%. Jack Henry & Associates’s dividend payout ratio is presently 39.12%.
Jack Henry & Associates Company Profile
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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