Oppenheimer Holdings Comments on Jack Henry & Associates, Inc.’s FY2018 Earnings (JKHY)

Jack Henry & Associates, Inc. (NASDAQ:JKHY) – Equities research analysts at Oppenheimer Holdings issued their FY2018 earnings per share (EPS) estimates for shares of Jack Henry & Associates in a research note issued to investors on Wednesday. Oppenheimer Holdings analyst G. Greene anticipates that the technology company will post earnings per share of $3.31 for the year.

Other research analysts have also issued research reports about the stock. Cantor Fitzgerald reiterated a “buy” rating and issued a $112.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, November 8th. BidaskClub lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Stephens reissued an “equal weight” rating and issued a $97.00 price objective (up previously from $93.00) on shares of Jack Henry & Associates in a report on Friday, August 18th. Robert W. Baird reissued a “hold” rating and issued a $104.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, September 19th. Finally, Zacks Investment Research raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Jack Henry & Associates presently has a consensus rating of “Hold” and an average price target of $110.50.

TRADEMARK VIOLATION NOTICE: “Oppenheimer Holdings Comments on Jack Henry & Associates, Inc.’s FY2018 Earnings (JKHY)” was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://www.chaffeybreeze.com/2017/11/14/oppenheimer-holdings-comments-on-jack-henry-associates-inc-s-fy2018-earnings-jkhy.html.

Jack Henry & Associates (NASDAQ:JKHY) traded down $0.84 during trading on Monday, hitting $112.85. 350,700 shares of the stock traded hands, compared to its average volume of 383,242. The firm has a market cap of $8,710.00, a price-to-earnings ratio of 36.56, a PEG ratio of 3.01 and a beta of 0.77. Jack Henry & Associates has a one year low of $84.25 and a one year high of $115.34.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, August 15th. The technology company reported $0.83 earnings per share for the quarter, hitting the consensus estimate of $0.83. The company had revenue of $383.77 million for the quarter, compared to analyst estimates of $372.98 million. Jack Henry & Associates had a net margin of 17.08% and a return on equity of 23.92%. Jack Henry & Associates’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.06 EPS.

A number of large investors have recently modified their holdings of the stock. Boothbay Fund Management LLC bought a new position in Jack Henry & Associates in the 3rd quarter valued at approximately $206,000. Magnetar Financial LLC increased its position in Jack Henry & Associates by 142.3% in the 3rd quarter. Magnetar Financial LLC now owns 12,888 shares of the technology company’s stock valued at $1,325,000 after acquiring an additional 7,568 shares during the period. Asset Management One Co. Ltd. increased its position in Jack Henry & Associates by 5.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 116,270 shares of the technology company’s stock valued at $11,951,000 after acquiring an additional 6,460 shares during the period. AMP Capital Investors Ltd increased its position in Jack Henry & Associates by 72.8% in the 3rd quarter. AMP Capital Investors Ltd now owns 43,432 shares of the technology company’s stock valued at $4,465,000 after acquiring an additional 18,300 shares during the period. Finally, B. Riley Financial Inc. acquired a new position in Jack Henry & Associates in the 3rd quarter valued at approximately $415,000. 90.13% of the stock is owned by institutional investors and hedge funds.

In related news, VP Mark S. Forbis sold 2,600 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $101.16, for a total value of $263,016.00. Following the completion of the transaction, the vice president now owns 1,696 shares of the company’s stock, valued at approximately $171,567.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kevin D. Williams sold 20,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $101.63, for a total transaction of $2,032,600.00. Following the completion of the transaction, the insider now directly owns 43,314 shares of the company’s stock, valued at approximately $4,402,001.82. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, November 29th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 39.12%.

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)

Receive News & Ratings for Jack Henry & Associates Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply