Jack Henry & Associates, Inc. (NASDAQ:JKHY) – Investment analysts at Cantor Fitzgerald lifted their FY2018 earnings per share (EPS) estimates for shares of Jack Henry & Associates in a research report issued to clients and investors on Thursday. Cantor Fitzgerald analyst J. Foresi now expects that the technology company will post earnings per share of $3.37 for the year, up from their previous estimate of $3.28. Cantor Fitzgerald currently has a “Buy” rating and a $128.00 target price on the stock.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.80 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.80. The firm had revenue of $374.80 million for the quarter, compared to analyst estimates of $368.84 million. Jack Henry & Associates had a net margin of 23.35% and a return on equity of 23.11%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 earnings per share.

A number of other analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $134.00 price objective on the stock in a research note on Wednesday, January 10th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $103.00 price objective (up previously from $96.00) on shares of Jack Henry & Associates in a research note on Thursday, November 9th. Oppenheimer reiterated a “hold” rating on shares of Jack Henry & Associates in a research note on Thursday, January 18th. Robert W. Baird reiterated a “hold” rating and issued a $114.00 price objective on shares of Jack Henry & Associates in a research note on Friday, November 10th. Finally, DA Davidson initiated coverage on shares of Jack Henry & Associates in a research note on Monday, January 22nd. They issued a “neutral” rating and a $118.00 price objective on the stock. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $122.17.

Jack Henry & Associates (NASDAQ:JKHY) traded up $0.97 during trading hours on Monday, hitting $116.30. 461,900 shares of the stock were exchanged, compared to its average volume of 351,421. The firm has a market capitalization of $8,910.57, a price-to-earnings ratio of 26.25, a P/E/G ratio of 3.09 and a beta of 0.78. Jack Henry & Associates has a 1 year low of $90.80 and a 1 year high of $127.31. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Thursday, March 1st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.27%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.31. Jack Henry & Associates’s dividend payout ratio is presently 27.99%.

Hedge funds have recently added to or reduced their stakes in the stock. MPS Loria Financial Planners LLC acquired a new stake in Jack Henry & Associates during the second quarter valued at $145,000. Cerebellum GP LLC acquired a new stake in Jack Henry & Associates during the fourth quarter valued at $165,000. Advisory Services Network LLC grew its position in Jack Henry & Associates by 1,238.8% during the fourth quarter. Advisory Services Network LLC now owns 1,620 shares of the technology company’s stock valued at $189,000 after buying an additional 1,499 shares during the period. Allegis Investment Advisors LLC acquired a new stake in Jack Henry & Associates during the fourth quarter valued at $200,000. Finally, Wesbanco Bank Inc. acquired a new stake in Jack Henry & Associates during the fourth quarter valued at $215,000. Institutional investors own 89.09% of the company’s stock.

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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).

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

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