Equities research analysts expect that Jack Henry & Associates, Inc. (NASDAQ:JKHY) will announce $385.72 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Jack Henry & Associates’ earnings, with the lowest sales estimate coming in at $383.30 million and the highest estimate coming in at $388.42 million. Jack Henry & Associates reported sales of $359.93 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.2%. The company is expected to issue its next earnings results on Tuesday, November 6th.

On average, analysts expect that Jack Henry & Associates will report full year sales of $1.65 billion for the current fiscal year, with estimates ranging from $1.64 billion to $1.66 billion. For the next year, analysts forecast that the company will report sales of $1.76 billion, with estimates ranging from $1.74 billion to $1.79 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Jack Henry & Associates.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, August 21st. The technology company reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.15. Jack Henry & Associates had a return on equity of 23.72% and a net margin of 24.51%. The firm had revenue of $417.20 million for the quarter, compared to the consensus estimate of $407.57 million. During the same period in the previous year, the business earned $0.82 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year.

JKHY has been the subject of several research reports. Zacks Investment Research raised Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $146.00 price objective for the company in a report on Wednesday, July 4th. Robert W. Baird lifted their price objective on Jack Henry & Associates from $128.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, July 16th. BidaskClub cut Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 1st. Cantor Fitzgerald reaffirmed a “buy” rating and set a $141.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, August 21st. Finally, Wells Fargo & Co lifted their price objective on Jack Henry & Associates from $110.00 to $160.00 and gave the stock a “market perform” rating in a report on Thursday, August 23rd. Seven research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $137.29.

In related news, Director John F. Prim sold 6,329 shares of Jack Henry & Associates stock in a transaction on Friday, August 31st. The stock was sold at an average price of $157.40, for a total transaction of $996,184.60. Following the completion of the transaction, the director now directly owns 206,318 shares of the company’s stock, valued at $32,474,453.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.78% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can raised its holdings in shares of Jack Henry & Associates by 31.7% in the third quarter. Bank of Montreal Can now owns 50,508 shares of the technology company’s stock worth $8,085,000 after acquiring an additional 12,155 shares during the last quarter. Lourd Capital LLC acquired a new position in shares of Jack Henry & Associates in the third quarter worth $396,000. Daiwa SB Investments Ltd. acquired a new position in shares of Jack Henry & Associates in the third quarter worth $194,000. Ipswich Investment Management Co. Inc. acquired a new position in shares of Jack Henry & Associates in the third quarter worth $441,000. Finally, Smith Shellnut Wilson LLC ADV acquired a new position in shares of Jack Henry & Associates in the third quarter worth $2,266,000. 88.04% of the stock is owned by institutional investors.

Shares of Jack Henry & Associates stock traded up $2.76 during trading on Friday, reaching $150.08. The company’s stock had a trading volume of 451,119 shares, compared to its average volume of 370,075. Jack Henry & Associates has a 12-month low of $104.06 and a 12-month high of $163.68. The company has a market cap of $12.35 billion, a PE ratio of 41.81, a price-to-earnings-growth ratio of 3.63 and a beta of 0.92.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 2nd. Investors of record on Tuesday, September 11th were issued a dividend of $0.37 per share. The ex-dividend date was Monday, September 10th. This represents a $1.48 annualized dividend and a yield of 0.99%. Jack Henry & Associates’s dividend payout ratio is presently 41.23%.

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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