Equities research analysts forecast that Jack Henry & Associates, Inc. (NASDAQ:JKHY) will report earnings per share (EPS) of $0.80 for the current quarter, according to Zacks. Three analysts have provided estimates for Jack Henry & Associates’ earnings. Jack Henry & Associates posted earnings of $0.75 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.7%. The business is scheduled to announce its next quarterly earnings results on Tuesday, February 6th.

On average, analysts expect that Jack Henry & Associates will report full year earnings of $3.29 per share for the current year, with EPS estimates ranging from $3.26 to $3.31. For the next year, analysts expect that the business will report earnings of $3.56 per share, with EPS estimates ranging from $3.47 to $3.65. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Jack Henry & Associates.

A number of research firms have weighed in on JKHY. Zacks Investment Research raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Robert W. Baird reissued a “hold” rating and set a $104.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, September 19th. Royal Bank Of Canada reissued a “hold” rating and set a $96.00 target price on shares of Jack Henry & Associates in a research report on Friday, October 20th. BidaskClub lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, Cantor Fitzgerald began coverage on shares of Jack Henry & Associates in a research report on Monday, August 28th. They set an “overweight” rating and a $112.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus price target of $110.50.

In other news, insider Kevin D. Williams sold 20,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $101.63, for a total transaction of $2,032,600.00. Following the completion of the transaction, the insider now owns 43,314 shares of the company’s stock, valued at $4,402,001.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mark S. Forbis sold 2,600 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $101.16, for a total transaction of $263,016.00. Following the transaction, the vice president now directly owns 1,696 shares of the company’s stock, valued at approximately $171,567.36. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. YorkBridge Wealth Partners LLC raised its position in shares of Jack Henry & Associates by 4.3% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,088 shares of the technology company’s stock valued at $112,000 after buying an additional 45 shares during the last quarter. Acrospire Investment Management LLC acquired a new position in Jack Henry & Associates in the second quarter worth about $114,000. Parallel Advisors LLC raised its position in Jack Henry & Associates by 9.7% in the second quarter. Parallel Advisors LLC now owns 1,216 shares of the technology company’s stock worth $131,000 after purchasing an additional 108 shares in the last quarter. IFP Advisors Inc raised its position in Jack Henry & Associates by 40.6% in the second quarter. IFP Advisors Inc now owns 1,312 shares of the technology company’s stock worth $136,000 after purchasing an additional 379 shares in the last quarter. Finally, MPS Loria Financial Planners LLC acquired a new position in Jack Henry & Associates in the second quarter worth about $145,000. 89.05% of the stock is owned by institutional investors and hedge funds.

Shares of Jack Henry & Associates (NASDAQ JKHY) traded down $1.29 during trading hours on Wednesday, reaching $114.03. 386,379 shares of the company were exchanged, compared to its average volume of 379,333. The company has a market capitalization of $8,710.00, a PE ratio of 37.08, a PEG ratio of 3.05 and a beta of 0.77. Jack Henry & Associates has a 12-month low of $84.99 and a 12-month high of $117.46.

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 given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, November 29th. Jack Henry & Associates’s dividend payout ratio is 39.12%.

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About Jack Henry & Associates

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

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