$442.77 Million in Sales Expected for Jack Henry & Associates, Inc. (NASDAQ:JKHY) This Quarter

Equities research analysts predict that Jack Henry & Associates, Inc. (NASDAQ:JKHY) will announce $442.77 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Jack Henry & Associates’ earnings, with the lowest sales estimate coming in at $436.00 million and the highest estimate coming in at $446.80 million. Jack Henry & Associates posted sales of $410.54 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.9%. The firm is expected to issue its next earnings results on Tuesday, August 17th.

According to Zacks, analysts expect that Jack Henry & Associates will report full year sales of $1.74 billion for the current financial year, with estimates ranging from $1.73 billion to $1.75 billion. For the next year, analysts anticipate that the firm will post sales of $1.87 billion, with estimates ranging from $1.85 billion to $1.89 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Jack Henry & Associates.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Sunday, May 2nd. The technology company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.09. Jack Henry & Associates had a return on equity of 19.88% and a net margin of 17.22%. The company had revenue of $433.78 million for the quarter, compared to the consensus estimate of $439.61 million. During the same quarter last year, the business posted $0.96 EPS. Jack Henry & Associates’s revenue for the quarter was up 1.0% on a year-over-year basis.

Several equities research analysts recently weighed in on JKHY shares. Credit Suisse Group cut their price objective on Jack Henry & Associates from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Wednesday, February 10th. Raymond James lowered their target price on Jack Henry & Associates from $179.00 to $174.00 and set an “outperform” rating for the company in a research report on Wednesday, May 5th. DA Davidson raised their target price on Jack Henry & Associates from $182.00 to $192.00 and gave the stock a “buy” rating in a research report on Friday, April 23rd. Finally, Compass Point raised Jack Henry & Associates from a “neutral” rating to a “buy” rating and set a $175.00 target price for the company in a research report on Friday, February 12th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $172.38.

Several hedge funds have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Jack Henry & Associates by 8.0% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,524,650 shares of the technology company’s stock worth $383,044,000 after acquiring an additional 186,883 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Jack Henry & Associates by 4.9% in the 1st quarter. Geode Capital Management LLC now owns 1,470,387 shares of the technology company’s stock worth $222,580,000 after acquiring an additional 68,514 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Jack Henry & Associates by 10.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,269,252 shares of the technology company’s stock worth $205,607,000 after acquiring an additional 120,130 shares in the last quarter. Sarasin & Partners LLP increased its position in Jack Henry & Associates by 19.3% in the 1st quarter. Sarasin & Partners LLP now owns 1,218,857 shares of the technology company’s stock valued at $184,925,000 after buying an additional 197,326 shares in the last quarter. Finally, Parnassus Investments CA increased its position in Jack Henry & Associates by 0.5% in the 1st quarter. Parnassus Investments CA now owns 1,171,261 shares of the technology company’s stock valued at $177,704,000 after buying an additional 5,785 shares in the last quarter. 89.42% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ JKHY traded up $3.53 during mid-day trading on Friday, hitting $163.25. 16,223 shares of the stock traded hands, compared to its average volume of 580,584. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.15. Jack Henry & Associates has a twelve month low of $141.65 and a twelve month high of $200.98. The firm has a market capitalization of $12.13 billion, a P/E ratio of 41.17, a PEG ratio of 2.79 and a beta of 0.59. The firm’s 50 day simple moving average is $158.12.

Jack Henry & Associates declared that its board has authorized a stock buyback program on Monday, May 17th that allows the company to repurchase 5,000,000 shares. This repurchase authorization allows the technology company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 14th. Stockholders of record on Friday, May 28th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, May 27th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 47.67%.

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 asset 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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