Jack Henry & Associates, Inc. (NASDAQ:JKHY) – Stock analysts at Oppenheimer decreased their Q2 2019 earnings per share (EPS) estimates for Jack Henry & Associates in a research note issued on Wednesday, November 7th. Oppenheimer analyst G. Greene now expects that the technology company will earn $0.91 per share for the quarter, down from their prior forecast of $0.99. Oppenheimer also issued estimates for Jack Henry & Associates’ Q3 2019 earnings at $0.94 EPS, FY2019 earnings at $3.88 EPS, Q1 2020 earnings at $1.14 EPS, Q2 2020 earnings at $1.03 EPS, Q3 2020 earnings at $1.05 EPS and FY2020 earnings at $4.25 EPS.

Several other research analysts have also commented on JKHY. BidaskClub lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a report on Saturday. ValuEngine lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a report on Thursday. Zacks Investment Research lowered shares of Jack Henry & Associates from a “hold” rating to a “sell” rating in a research note on Saturday. Cantor Fitzgerald lifted their price objective on shares of Jack Henry & Associates from $141.00 to $169.00 and gave the company an “overweight” rating in a research note on Thursday, August 23rd. Finally, Robert W. Baird lifted their price objective on shares of Jack Henry & Associates from $128.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, July 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $143.00.

NASDAQ JKHY opened at $141.50 on Friday. Jack Henry & Associates has a one year low of $111.37 and a one year high of $163.68. The company has a market capitalization of $11.33 billion, a P/E ratio of 37.51, a price-to-earnings-growth ratio of 3.31 and a beta of 0.93.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, November 6th. The technology company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.15. Jack Henry & Associates had a net margin of 25.29% and a return on equity of 24.13%. The firm had revenue of $392.54 million for the quarter, compared to analyst estimates of $385.12 million. During the same quarter last year, the firm posted $0.86 earnings per share. Jack Henry & Associates’s revenue for the quarter was up 8.7% compared to the same quarter last year.

In other news, Director John F. Prim sold 6,329 shares of Jack Henry & Associates stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $157.40, for a total transaction of $996,184.60. Following the sale, the director now owns 206,318 shares in the company, valued at $32,474,453.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.84% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sawtooth Solutions LLC raised its stake in shares of Jack Henry & Associates by 21.3% during the third quarter. Sawtooth Solutions LLC now owns 1,905 shares of the technology company’s stock valued at $305,000 after purchasing an additional 335 shares during the period. MetLife Investment Advisors LLC raised its stake in shares of Jack Henry & Associates by 0.8% during the second quarter. MetLife Investment Advisors LLC now owns 48,580 shares of the technology company’s stock valued at $6,333,000 after purchasing an additional 364 shares during the period. Intrust Bank NA grew its position in shares of Jack Henry & Associates by 11.7% during the second quarter. Intrust Bank NA now owns 3,490 shares of the technology company’s stock worth $455,000 after buying an additional 366 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Jack Henry & Associates by 6.3% during the third quarter. Steward Partners Investment Advisory LLC now owns 6,196 shares of the technology company’s stock worth $992,000 after buying an additional 368 shares in the last quarter. Finally, Cox Capital Mgt LLC grew its position in shares of Jack Henry & Associates by 3.1% during the third quarter. Cox Capital Mgt LLC now owns 12,521 shares of the technology company’s stock worth $2,004,000 after buying an additional 380 shares in the last quarter. Institutional investors own 87.77% 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.

Featured Story: Penny Stocks, What You Need To Know

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

Receive News & Ratings for Jack Henry & Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates and related companies with MarketBeat.com's FREE daily email newsletter.