Equities research analysts expect Jack Henry & Associates, Inc. (NASDAQ:JKHY) to report earnings of $0.93 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Jack Henry & Associates’ earnings, with estimates ranging from $0.92 to $0.95. Jack Henry & Associates posted earnings of $0.76 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 22.4%. The firm is expected to issue its next quarterly earnings report after the market closes 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 fiscal year, with EPS estimates ranging from $3.90 to $4.04. For the next financial year, analysts anticipate that the company will post earnings of $4.53 per share, with EPS estimates ranging from $4.48 to $4.62. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Jack Henry & Associates.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, August 21st. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.15. The firm 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 company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 EPS.

Several research analysts recently weighed in on JKHY shares. Wells Fargo & Co upped their target price on shares of Jack Henry & Associates from $110.00 to $160.00 and gave the stock a “market perform” rating in a report on Thursday, August 23rd. BidaskClub raised shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a report on Friday, August 10th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $141.00 target price on shares of Jack Henry & Associates in a report on Tuesday, August 21st. Zacks Investment Research raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $158.00 target price for the company in a report on Tuesday, August 14th. Finally, Robert W. Baird upped their target price on shares of Jack Henry & Associates from $128.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, July 16th. Seven research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. Jack Henry & Associates presently has an average rating of “Buy” and an average target price of $137.29.

Jack Henry & Associates stock traded down $1.48 during mid-day trading on Friday, hitting $148.95. The stock had a trading volume of 500,489 shares, compared to its average volume of 463,561. The company has a market capitalization of $11.51 billion, a P/E ratio of 41.49, a P/E/G ratio of 3.38 and a beta of 0.92. Jack Henry & Associates has a one year low of $105.42 and a one year high of $163.68.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 2nd. Shareholders of record on Tuesday, September 11th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.99%. The ex-dividend date was Monday, September 10th. Jack Henry & Associates’s payout ratio is currently 41.23%.

In other Jack Henry & Associates news, Director John F. Prim sold 6,329 shares of the business’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $157.40, for a total value of $996,184.60. Following the sale, the director now owns 206,318 shares in the company, valued at approximately $32,474,453.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.84% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Sawtooth Solutions LLC lifted its stake in Jack Henry & Associates by 21.3% in the 3rd quarter. Sawtooth Solutions LLC now owns 1,905 shares of the technology company’s stock worth $305,000 after purchasing an additional 335 shares in the last quarter. MetLife Investment Advisors LLC raised its position in shares of Jack Henry & Associates by 0.8% during the 2nd quarter. MetLife Investment Advisors LLC now owns 48,580 shares of the technology company’s stock valued at $6,333,000 after buying an additional 364 shares in the last quarter. Intrust Bank NA raised its position in shares of Jack Henry & Associates by 11.7% during the 2nd quarter. Intrust Bank NA now owns 3,490 shares of the technology company’s stock valued at $455,000 after buying an additional 366 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Jack Henry & Associates by 6.3% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 6,196 shares of the technology company’s stock valued at $992,000 after buying an additional 368 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Jack Henry & Associates by 67.7% during the 2nd quarter. Signaturefd LLC now owns 946 shares of the technology company’s stock valued at $123,000 after buying an additional 382 shares in the last quarter. Institutional investors and hedge funds own 88.01% of the company’s stock.

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

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