Zacks: Brokerages Expect Jack Henry & Associates, Inc. (JKHY) Will Announce Quarterly Sales of $375.35 Million

Brokerages expect Jack Henry & Associates, Inc. (NASDAQ:JKHY) to announce $375.35 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Jack Henry & Associates’ earnings, with the highest sales estimate coming in at $378.04 million and the lowest estimate coming in at $370.94 million. Jack Henry & Associates posted sales of $353.77 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.1%. The firm is expected to announce its next earnings report on Tuesday, May 1st.

According to Zacks, analysts expect that Jack Henry & Associates will report full year sales of $375.35 million for the current financial year, with estimates ranging from $1.51 billion to $1.52 billion. For the next year, analysts expect that the company will post sales of $1.61 billion per share, with estimates ranging from $1.60 billion to $1.62 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Jack Henry & Associates.

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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, meeting analysts’ consensus estimates of $0.80. Jack Henry & Associates had a net margin of 23.35% and a return on equity of 23.11%. The firm had revenue of $374.80 million during the quarter, compared to analyst estimates of $368.84 million. During the same period last year, the firm posted $0.75 earnings per share. Jack Henry & Associates’s revenue for the quarter was up 7.5% compared to the same quarter last year.

JKHY has been the subject of several research analyst reports. Zacks Investment Research upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $134.00 target price for the company in a research report on Wednesday, January 10th. Oppenheimer reiterated a “hold” rating on shares of Jack Henry & Associates in a research report on Thursday, January 18th. DA Davidson initiated coverage on Jack Henry & Associates in a research report on Monday, January 22nd. They set a “neutral” rating and a $118.00 target price for the company. Robert W. Baird lifted their target price on Jack Henry & Associates from $114.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $128.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, February 6th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus target price of $122.17.

In related news, CEO David B. Foss sold 7,000 shares of Jack Henry & Associates stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $123.44, for a total value of $864,080.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas Hampton Jr. Wilson bought 1,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was bought at an average price of $119.40 per share, for a total transaction of $119,400.00. Following the purchase, the director now directly owns 18,866 shares of the company’s stock, valued at $2,252,600.40. The disclosure for this purchase can be found here. Insiders own 0.78% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Magnetar Financial LLC grew its stake in Jack Henry & Associates by 142.3% in the third quarter. Magnetar Financial LLC now owns 12,888 shares of the technology company’s stock valued at $1,325,000 after purchasing an additional 7,568 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Jack Henry & Associates by 5.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 329,360 shares of the technology company’s stock valued at $33,855,000 after purchasing an additional 18,284 shares during the last quarter. Lourd Capital LLC purchased a new position in Jack Henry & Associates in the fourth quarter valued at about $287,000. Wells Fargo & Company MN grew 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 purchasing an additional 9,507 shares during the last quarter. Finally, KAMES CAPITAL plc grew its stake in Jack Henry & Associates by 58.9% in the fourth quarter. KAMES CAPITAL plc now owns 68,838 shares of the technology company’s stock valued at $8,051,000 after purchasing an additional 25,507 shares during the last quarter. Institutional investors own 84.58% of the company’s stock.

Jack Henry & Associates (NASDAQ:JKHY) traded up $0.24 during midday trading on Wednesday, reaching $125.25. 614,293 shares of the company’s stock traded hands, compared to its average volume of 350,193. Jack Henry & Associates has a 52 week low of $91.50 and a 52 week high of $127.31. The stock has a market capitalization of $9,658.46, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 3.37 and a beta of 0.82. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Thursday, March 1st were issued a $0.37 dividend. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.31. This represents a $1.48 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Wednesday, February 28th. Jack Henry & Associates’s payout ratio is presently 33.41%.

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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).

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

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