Jack Henry & Associates (JKHY) Expected to Post Quarterly Sales of $375.35 Million

Wall Street analysts expect Jack Henry & Associates (NASDAQ:JKHY) to report sales of $375.35 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Jack Henry & Associates’ earnings. The highest sales estimate is $378.04 million and the lowest is $370.94 million. Jack Henry & Associates reported sales of $353.77 million in the same quarter last year, which indicates a positive year over year growth rate of 6.1%. The company is expected to issue its next earnings results on Tuesday, May 1st.

On average, analysts expect that Jack Henry & Associates will report full year sales of $1.51 billion for the current year, with estimates ranging from $1.51 billion to $1.52 billion. For the next fiscal year, analysts expect that the firm 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 research analysts that follow Jack Henry & Associates.

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Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.80 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.80. The firm had revenue of $374.80 million during the quarter, compared to analysts’ expectations of $368.84 million. Jack Henry & Associates had a net margin of 23.35% and a return on equity of 23.11%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company posted $0.75 EPS.

A number of research firms have issued reports on JKHY. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a report on Wednesday, April 11th. BidaskClub lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a report on Friday, April 6th. ValuEngine upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Cantor Fitzgerald reiterated a “buy” rating and set a $128.00 target price on shares of Jack Henry & Associates in a report on Tuesday, February 6th. Finally, Stephens reiterated a “hold” rating and set a $118.00 target price on shares of Jack Henry & Associates in a report on Tuesday, February 6th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $121.33.

In other news, VP Mark S. Forbis sold 1,014 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $123.19, for a total value of $124,914.66. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David B. Foss sold 7,000 shares of the firm’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $123.44, for a total transaction of $864,080.00. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in JKHY. Cerebellum GP LLC acquired a new stake in shares of Jack Henry & Associates in the 4th quarter valued at $165,000. Advisory Services Network LLC raised its holdings in shares of Jack Henry & Associates by 1,238.8% in the 4th quarter. Advisory Services Network LLC now owns 1,620 shares of the technology company’s stock valued at $189,000 after purchasing an additional 1,499 shares in the last quarter. Allegis Investment Advisors LLC acquired a new stake in shares of Jack Henry & Associates in the 4th quarter valued at $200,000. Wesbanco Bank Inc. acquired a new stake in shares of Jack Henry & Associates in the 4th quarter valued at $215,000. Finally, Pinnacle Financial Partners Inc. acquired a new stake in shares of Jack Henry & Associates in the 4th quarter valued at $219,000. Institutional investors and hedge funds own 88.55% of the company’s stock.

NASDAQ:JKHY opened at $121.30 on Tuesday. 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 has a market cap of $9,234.29, a P/E ratio of 38.63, a P/E/G ratio of 3.22 and a beta of 0.77. Jack Henry & Associates has a fifty-two week low of $93.04 and a fifty-two week high of $127.31.

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About Jack Henry & Associates

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

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