Jack Henry & Associates, Inc. (NASDAQ:JKHY) – Stock analysts at Oppenheimer Holdings decreased their Q2 2018 earnings per share (EPS) estimates for shares of Jack Henry & Associates in a note issued to investors on Wednesday, according to Zacks Investment Research. Oppenheimer Holdings analyst G. Greene now anticipates that the technology company will post earnings per share of $0.82 for the quarter, down from their prior estimate of $0.83. Oppenheimer Holdings also issued estimates for Jack Henry & Associates’ Q3 2018 earnings at $0.82 EPS.
Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, May 2nd. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.05. The firm had revenue of $353.77 million for the quarter, compared to analyst estimates of $346.75 million. Jack Henry & Associates had a return on equity of 26.66% and a net margin of 18.60%.
Separately, Zacks Investment Research lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, April 11th.
Jack Henry & Associates (NASDAQ:JKHY) traded up 1.62% during mid-day trading on Monday, reaching $100.46. The company’s stock had a trading volume of 178,832 shares. Jack Henry & Associates has a 52-week low of $79.00 and a 52-week high of $100.60. The firm has a 50 day moving average price of $95.58 and a 200 day moving average price of $91.31. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 29.77 and a beta of 0.69.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Wednesday, May 24th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Monday, May 22nd. Jack Henry & Associates’s payout ratio is presently 34.15%.
In other news, VP Mark S. Forbis sold 900 shares of Jack Henry & Associates stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $96.75, for a total transaction of $87,075.00. Following the sale, the vice president now owns 1,064 shares of the company’s stock, valued at approximately $102,942. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John F. Prim sold 10,700 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $94.07, for a total value of $1,006,549.00. Following the transaction, the insider now owns 215,669 shares of the company’s stock, valued at approximately $20,287,982.83. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of JKHY. BlackRock Inc. increased its position in Jack Henry & Associates by 11,657.7% in the first quarter. BlackRock Inc. now owns 6,171,400 shares of the technology company’s stock valued at $574,556,000 after buying an additional 6,118,912 shares during the period. Congress Asset Management Co. MA bought a new position in Jack Henry & Associates during the fourth quarter valued at approximately $55,723,000. Norges Bank bought a new position in Jack Henry & Associates during the fourth quarter valued at approximately $46,685,000. Capital World Investors increased its position in Jack Henry & Associates by 13.2% in the third quarter. Capital World Investors now owns 3,945,000 shares of the technology company’s stock valued at $337,495,000 after buying an additional 460,000 shares during the period. Finally, Vanguard Group Inc. increased its position in Jack Henry & Associates by 4.9% in the first quarter. Vanguard Group Inc. now owns 7,163,139 shares of the technology company’s stock valued at $666,889,000 after buying an additional 337,287 shares during the period. Institutional investors and hedge funds own 86.91% of the company’s stock.
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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