Analysts expect that Jack Henry & Associates, Inc. (NASDAQ:JKHY) will announce $391.00 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Jack Henry & Associates’ earnings. The highest sales estimate is $394.80 million and the lowest is $389.61 million. Jack Henry & Associates reported sales of $417.23 million in the same quarter last year, which indicates a negative year-over-year growth rate of 6.3%. The firm is scheduled to announce its next earnings results on Tuesday, August 20th.
On average, analysts expect that Jack Henry & Associates will report full year sales of $1.55 billion for the current financial year. For the next fiscal year, analysts forecast that the company will report sales of $1.66 billion, with estimates ranging from $1.65 billion to $1.67 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Jack Henry & Associates.
Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, April 30th. The technology company reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. The company had revenue of $380.36 million during the quarter, compared to analysts’ expectations of $382.45 million. Jack Henry & Associates had a net margin of 18.79% and a return on equity of 21.72%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 EPS.
Jack Henry & Associates stock traded down $0.05 during trading hours on Wednesday, hitting $137.29. The company had a trading volume of 23,695 shares, compared to its average volume of 308,116. The stock has a market cap of $10.58 billion, a price-to-earnings ratio of 38.19, a price-to-earnings-growth ratio of 3.56 and a beta of 0.96. Jack Henry & Associates has a 1 year low of $120.20 and a 1 year high of $163.68.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Thursday, May 23rd were given a $0.40 dividend. The ex-dividend date was Wednesday, May 22nd. This represents a $1.60 annualized dividend and a yield of 1.17%. Jack Henry & Associates’s dividend payout ratio (DPR) is 44.57%.
In other news, Director Wesley A. Brown sold 400 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $134.98, for a total value of $53,992.00. Following the completion of the sale, the director now owns 85,965 shares in the company, valued at approximately $11,603,555.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Russell L. Bernthal sold 910 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $137.56, for a total transaction of $125,179.60. Following the completion of the sale, the vice president now owns 4,831 shares of the company’s stock, valued at approximately $664,552.36. The disclosure for this sale can be found here. Insiders own 0.84% of the company’s stock.
Large investors have recently bought and sold shares of the company. MML Investors Services LLC raised its stake in shares of Jack Henry & Associates by 3.1% during the 4th quarter. MML Investors Services LLC now owns 4,832 shares of the technology company’s stock worth $611,000 after acquiring an additional 146 shares in the last quarter. Great Lakes Advisors LLC raised its stake in shares of Jack Henry & Associates by 9.1% during the 1st quarter. Great Lakes Advisors LLC now owns 6,587 shares of the technology company’s stock worth $913,000 after acquiring an additional 551 shares in the last quarter. PFG Advisors bought a new position in shares of Jack Henry & Associates during the 4th quarter worth approximately $1,109,000. Vanguard Group Inc raised its stake in shares of Jack Henry & Associates by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 7,854,780 shares of the technology company’s stock worth $1,257,394,000 after acquiring an additional 60,151 shares in the last quarter. Finally, Bank of Nova Scotia bought a new position in shares of Jack Henry & Associates during the 4th quarter worth approximately $5,003,000. Institutional investors and hedge funds own 89.36% 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.
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