Equities research analysts expect Jack Henry & Associates, Inc. (NASDAQ:JKHY) to report earnings of $0.77 per share for the current quarter, according to Zacks. Five analysts have made estimates for Jack Henry & Associates’ earnings, with the lowest EPS estimate coming in at $0.76 and the highest estimate coming in at $0.77. Jack Henry & Associates posted earnings per share of $1.10 during the same quarter last year, which indicates a negative year-over-year growth rate of 30%. The business is expected to issue its next quarterly earnings results after the market closes on Tuesday, August 20th.
On average, analysts expect that Jack Henry & Associates will report full-year earnings of $3.50 per share for the current year, with EPS estimates ranging from $3.49 to $3.51. For the next financial year, analysts expect that the company will report earnings of $3.76 per share, with EPS estimates ranging from $3.60 to $3.92. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Jack Henry & Associates.
Several research analysts recently commented on JKHY shares. BidaskClub raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $159.00 target price on shares of Jack Henry & Associates in a research note on Tuesday, May 7th. Finally, Zacks Investment Research raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $153.00.
Shares of NASDAQ JKHY traded down $0.02 during mid-day trading on Friday, hitting $141.92. The stock had a trading volume of 623,600 shares, compared to its average volume of 372,736. Jack Henry & Associates has a 1 year low of $120.20 and a 1 year high of $163.68. The business has a 50 day moving average price of $138.73 and a two-hundred day moving average price of $137.21. The firm has a market cap of $10.67 billion, a P/E ratio of 39.53, a price-to-earnings-growth ratio of 3.34 and a beta of 0.91.
In related news, Director Wesley A. Brown sold 400 shares of Jack Henry & Associates stock in a transaction on Friday, June 7th. The shares were sold at an average price of $134.98, for a total value of $53,992.00. Following the sale, the director now owns 85,965 shares in the company, valued at $11,603,555.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Matthew C. Flanigan sold 5,000 shares of Jack Henry & Associates stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $137.70, for a total transaction of $688,500.00. Following the completion of the sale, the director now owns 49,226 shares in the company, valued at approximately $6,778,420.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,221 shares of company stock worth $1,267,422. 0.84% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in shares of Jack Henry & Associates by 40.0% during the 4th quarter. Geode Capital Management LLC now owns 1,395,069 shares of the technology company’s stock valued at $176,281,000 after buying an additional 398,777 shares in the last quarter. FMR LLC boosted its stake in Jack Henry & Associates by 146.1% in the 4th quarter. FMR LLC now owns 220,582 shares of the technology company’s stock worth $27,908,000 after purchasing an additional 130,940 shares in the last quarter. Retirement Systems of Alabama boosted its stake in Jack Henry & Associates by 1.0% in the 1st quarter. Retirement Systems of Alabama now owns 35,937 shares of the technology company’s stock worth $4,986,000 after purchasing an additional 369 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in Jack Henry & Associates in the 1st quarter worth about $25,000. Finally, Meeder Asset Management Inc. bought a new position in Jack Henry & Associates in the 1st quarter worth about $86,000. Institutional investors and hedge funds own 88.85% of the company’s stock.
Jack Henry & Associates Company Profile
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 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.
Read More: What Are Treasury Bonds?
Get a free copy of the Zacks research report on Jack Henry & Associates (JKHY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Jack Henry & Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates and related companies with MarketBeat.com's FREE daily email newsletter.