Analysts expect that Jack Henry & Associates, Inc. (NASDAQ:JKHY) will report $0.86 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Jack Henry & Associates’ earnings. The highest EPS estimate is $0.86 and the lowest is $0.85. Jack Henry & Associates posted earnings per share of $0.96 during the same quarter last year, which indicates a negative year over year growth rate of 10.4%. The company is scheduled to issue its next earnings results on Monday, May 3rd.

According to Zacks, analysts expect that Jack Henry & Associates will report full-year earnings of $3.87 per share for the current fiscal year, with EPS estimates ranging from $3.80 to $3.90. For the next financial year, analysts anticipate that the business will report earnings of $4.36 per share, with EPS estimates ranging from $4.20 to $4.49. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Jack Henry & Associates.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Sunday, February 7th. The technology company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.07. Jack Henry & Associates had a return on equity of 19.59% and a net margin of 17.45%. The firm had revenue of $422.30 million for the quarter, compared to analysts’ expectations of $432.04 million. During the same period in the prior year, the firm posted $0.94 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis.

Several equities research analysts recently commented on the company. Oppenheimer reaffirmed a “hold” rating on shares of Jack Henry & Associates in a research report on Friday, December 18th. Evercore ISI raised Jack Henry & Associates from an “underperform” rating to an “in-line” rating and increased their price objective for the company from $133.00 to $165.00 in a research report on Monday, January 11th. Credit Suisse Group dropped their price objective on Jack Henry & Associates from $175.00 to $170.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 10th. Compass Point raised Jack Henry & Associates from a “neutral” rating to a “buy” rating and set a $175.00 target price on the stock in a research report on Friday, February 12th. Finally, Zacks Investment Research cut Jack Henry & Associates from a “buy” rating to a “hold” rating and set a $158.00 target price on the stock. in a research report on Thursday, January 28th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $175.00.

In related news, Director Thomas A. Wimsett acquired 8,900 shares of the firm’s stock in a transaction dated Tuesday, December 22nd. The shares were purchased at an average price of $156.35 per share, with a total value of $1,391,515.00. Following the completion of the purchase, the director now directly owns 29,941 shares of the company’s stock, valued at $4,681,275.35. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.84% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Huntington National Bank raised its stake in Jack Henry & Associates by 541.7% during the 3rd quarter. Huntington National Bank now owns 154 shares of the technology company’s stock valued at $25,000 after purchasing an additional 130 shares during the period. Vantage Consulting Group Inc bought a new stake in Jack Henry & Associates during the 4th quarter valued at approximately $28,000. Wolff Wiese Magana LLC bought a new stake in Jack Henry & Associates during the 4th quarter valued at approximately $31,000. JJJ Advisors Inc. raised its stake in Jack Henry & Associates by 166.2% during the 4th quarter. JJJ Advisors Inc. now owns 205 shares of the technology company’s stock valued at $33,000 after purchasing an additional 128 shares during the period. Finally, Paces Ferry Wealth Advisors LLC bought a new stake in Jack Henry & Associates in the 3rd quarter worth approximately $34,000. 88.81% of the stock is currently owned by institutional investors.

Shares of Jack Henry & Associates stock traded down $2.59 during trading on Tuesday, hitting $150.27. 15,298 shares of the company’s stock traded hands, compared to its average volume of 674,645. Jack Henry & Associates has a 1 year low of $123.64 and a 1 year high of $200.98. The stock has a market capitalization of $11.43 billion, a P/E ratio of 39.30, a PEG ratio of 3.88 and a beta of 0.52. The business has a 50-day simple moving average of $153.47 and a 200-day simple moving average of $160.32.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 25th. Stockholders of record on Monday, March 8th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Friday, March 5th. This represents a $1.84 annualized dividend and a dividend yield of 1.22%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.43. Jack Henry & Associates’s dividend payout ratio (DPR) is 44.56%.

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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