FY2018 Earnings Estimate for Jack Henry & Associates, Inc. (JKHY) Issued By Cantor Fitzgerald

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

JKHY has been the subject of several other research reports. Zacks Investment Research cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Stephens restated a “hold” rating and set a $118.00 target price on shares of Jack Henry & Associates in a research note on Tuesday, February 6th. Oppenheimer restated a “hold” rating on shares of Jack Henry & Associates in a research note on Thursday, January 18th. Royal Bank of Canada restated a “hold” rating and set a $96.00 target price on shares of Jack Henry & Associates in a research note on Friday, October 20th. Finally, Robert W. Baird boosted their price objective on Jack Henry & Associates from $114.00 to $128.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Jack Henry & Associates has an average rating of “Hold” and an average price target of $122.17.

Jack Henry & Associates (NASDAQ:JKHY) traded up $0.83 during mid-day trading on Monday, reaching $117.13. The company had a trading volume of 335,700 shares, compared to its average volume of 348,023. The stock has a market capitalization of $9,050.00, a PE ratio of 26.44, a price-to-earnings-growth ratio of 3.14 and a beta of 0.78. Jack Henry & Associates has a 12-month low of $90.90 and a 12-month high of $127.31. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Thursday, March 1st will be paid a $0.37 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $1.48 dividend on an annualized basis and a yield of 1.26%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.31. Jack Henry & Associates’s payout ratio is currently 27.99%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its stake in Jack Henry & Associates by 1.9% in the fourth quarter. BlackRock Inc. now owns 8,713,051 shares of the technology company’s stock valued at $1,019,079,000 after buying an additional 164,542 shares during the last quarter. State Street Corp lifted its stake in Jack Henry & Associates by 28.7% in the second quarter. State Street Corp now owns 2,673,266 shares of the technology company’s stock valued at $277,675,000 after buying an additional 596,227 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Jack Henry & Associates by 0.8% in the fourth quarter. Wells Fargo & Company MN now owns 1,166,434 shares of the technology company’s stock valued at $136,426,000 after buying an additional 9,507 shares during the last quarter. Geode Capital Management LLC lifted its stake in Jack Henry & Associates by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 840,263 shares of the technology company’s stock valued at $98,230,000 after buying an additional 18,362 shares during the last quarter. Finally, Congress Asset Management Co. MA lifted its stake in Jack Henry & Associates by 2.1% in the fourth quarter. Congress Asset Management Co. MA now owns 786,312 shares of the technology company’s stock valued at $91,967,000 after buying an additional 15,914 shares during the last quarter. 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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