Jack Henry & Associates Inc. (NASDAQ:JKHY) – Northcoast Research decreased their Q2 2017 earnings per share estimates for Jack Henry & Associates in a report released on Wednesday. Northcoast Research analyst K. Mehta now forecasts that the brokerage will post earnings per share of $0.74 for the quarter, down from their previous estimate of $0.75. Northcoast Research also issued estimates for Jack Henry & Associates’ Q3 2017 earnings at $0.73 EPS and FY2017 earnings at $3.10 EPS.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.09. Jack Henry & Associates had a net margin of 18.85% and a return on equity of 27.13%. The company earned $345 million during the quarter, compared to analyst estimates of $335.65 million. During the same quarter last year, the firm posted $0.64 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis.

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

A number of other equities analysts also recently weighed in on JKHY. Zacks Investment Research raised Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Wednesday. Stephens set a $90.00 price target on Jack Henry & Associates and gave the stock a “hold” rating in a research report on Wednesday. Citigroup Inc. downgraded Jack Henry & Associates from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 24th. Finally, Oppenheimer Holdings Inc. downgraded Jack Henry & Associates from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 24th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $89.33.

Jack Henry & Associates (NASDAQ:JKHY) opened at 84.58 on Friday. The firm has a 50 day moving average of $82.94 and a 200 day moving average of $85.23. The firm has a market capitalization of $6.61 billion, a PE ratio of 25.84 and a beta of 0.65. Jack Henry & Associates has a one year low of $73.19 and a one year high of $89.89.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Thursday, December 1st will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.32%. Jack Henry & Associates’s dividend payout ratio is currently 34.25%.

In other news, insider Kevin D. Williams sold 31,802 shares of the company’s stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $86.14, for a total transaction of $2,739,424.28. Following the sale, the insider now owns 55,274 shares in the company, valued at approximately $4,761,302.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Mark S. Forbis sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $86.75, for a total value of $260,250.00. Following the sale, the vice president now owns 1,936 shares in the company, valued at approximately $167,948. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

Several large investors have recently made changes to their positions in JKHY. Pinkerton Retirement Specialists LLC bought a new stake in shares of Jack Henry & Associates during the second quarter worth about $125,000. MSI Financial Services Inc boosted its stake in shares of Jack Henry & Associates by 32.4% in the third quarter. MSI Financial Services Inc now owns 1,546 shares of the company’s stock worth $132,000 after buying an additional 378 shares in the last quarter. Nichols & Pratt Advisers LLP MA bought a new stake in shares of Jack Henry & Associates during the third quarter worth about $206,000. Davis R M Inc. bought a new stake in shares of Jack Henry & Associates during the second quarter worth about $214,000. Finally, Wrapmanager Inc. bought a new stake in shares of Jack Henry & Associates during the second quarter worth about $217,000. Institutional investors own 87.25% of the company’s stock.

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).

5 Day Chart for NASDAQ:JKHY

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