Zacks: Analysts Anticipate Jack Henry & Associates, Inc. (JKHY) Will Post Earnings of $0.80 Per Share
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.
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%.
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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