$372.73 Million in Sales Expected for Jack Henry & Associates, Inc. (JKHY) This Quarter
Analysts expect that Jack Henry & Associates, Inc. (NASDAQ:JKHY) will announce $372.73 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Jack Henry & Associates’ earnings, with estimates ranging from $372.50 million to $372.90 million. Jack Henry & Associates posted sales of $366.97 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.6%. The business is expected to announce its next quarterly earnings results after the market closes on Tuesday, August 15th.
On average, analysts expect that Jack Henry & Associates will report full-year sales of $372.73 million for the current financial year. For the next financial year, analysts anticipate that the company will post sales of $1.51 billion per share. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Jack Henry & Associates.
Separately, Zacks Investment Research upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Friday, May 5th.
In other news, Director Wesley A. Brown sold 2,800 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $104.90, for a total transaction of $293,720.00. Following the completion of the sale, the director now owns 80,278 shares in the company, valued at $8,421,162.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mark S. Forbis sold 900 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $96.75, for a total value 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 disclosure for this sale can be found here. Insiders have sold 13,350 shares of company stock valued at $1,383,334 in the last 90 days. Company insiders own 0.80% of the company’s stock.
Several large investors have recently added to or reduced their stakes in JKHY. YorkBridge Wealth Partners LLC boosted its stake in Jack Henry & Associates by 21.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,043 shares of the technology company’s stock valued at $102,000 after buying an additional 185 shares during the period. Parallel Advisors LLC boosted its position in Jack Henry & Associates by 43.3% in the first quarter. Parallel Advisors LLC now owns 1,108 shares of the technology company’s stock valued at $108,000 after buying an additional 335 shares during the last quarter. TrimTabs Asset Management LLC boosted its position in Jack Henry & Associates by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 1,225 shares of the technology company’s stock valued at $114,000 after buying an additional 576 shares during the last quarter. Almanack Investment Partners LLC. acquired a new position in Jack Henry & Associates during the first quarter valued at about $124,000. Finally, IFP Advisors Inc boosted its position in Jack Henry & Associates by 40.6% in the second quarter. IFP Advisors Inc now owns 1,312 shares of the technology company’s stock valued at $136,000 after buying an additional 379 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.
Shares of Jack Henry & Associates (NASDAQ JKHY) opened at 106.37 on Thursday. The company has a market capitalization of $8.26 billion, a PE ratio of 31.52 and a beta of 0.75. Jack Henry & Associates has a 12-month low of $79.00 and a 12-month high of $109.67. The stock has a 50 day moving average of $105.25 and a 200-day moving average of $98.02.
Jack Henry & Associates Company Profile
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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