Wall Street brokerages expect Jack Henry & Associates, Inc. (NASDAQ:JKHY) to report $442.77 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Jack Henry & Associates’ earnings, with estimates ranging from $436.00 million to $446.80 million. Jack Henry & Associates posted sales of $410.54 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.9%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, August 17th.
On average, analysts expect that Jack Henry & Associates will report full year sales of $1.74 billion for the current fiscal year, with estimates ranging from $1.73 billion to $1.75 billion. For the next financial year, analysts forecast that the company will post sales of $1.87 billion, with estimates ranging from $1.85 billion to $1.89 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Jack Henry & Associates.
Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Sunday, May 2nd. The technology company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.09. Jack Henry & Associates had a return on equity of 19.88% and a net margin of 17.22%. The firm had revenue of $433.78 million for the quarter, compared to analyst estimates of $439.61 million. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis.
Shares of Jack Henry & Associates stock traded up $3.53 during trading hours on Friday, hitting $163.25. The company’s stock had a trading volume of 16,223 shares, compared to its average volume of 580,584. Jack Henry & Associates has a 12 month low of $141.65 and a 12 month high of $200.98. The stock has a 50 day simple moving average of $158.12. The company has a market capitalization of $12.13 billion, a P/E ratio of 41.17, a PEG ratio of 2.79 and a beta of 0.59. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.15.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 14th. Shareholders of record on Friday, May 28th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, May 27th. This represents a $1.84 dividend on an annualized basis and a yield of 1.13%. Jack Henry & Associates’s dividend payout ratio is 47.67%.
Jack Henry & Associates declared that its board has authorized a share buyback plan on Monday, May 17th that authorizes the company to repurchase 5,000,000 shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Great Lakes Advisors LLC lifted its position in shares of Jack Henry & Associates by 15.2% in the fourth quarter. Great Lakes Advisors LLC now owns 10,511 shares of the technology company’s stock valued at $1,703,000 after buying an additional 1,389 shares during the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Jack Henry & Associates by 9.7% in the first quarter. Stratos Wealth Partners LTD. now owns 9,557 shares of the technology company’s stock valued at $1,450,000 after buying an additional 844 shares during the last quarter. Sarasin & Partners LLP lifted its holdings in Jack Henry & Associates by 19.3% during the 1st quarter. Sarasin & Partners LLP now owns 1,218,857 shares of the technology company’s stock worth $184,925,000 after purchasing an additional 197,326 shares during the last quarter. Boston Trust Walden Corp lifted its holdings in Jack Henry & Associates by 91.4% during the 1st quarter. Boston Trust Walden Corp now owns 104,126 shares of the technology company’s stock worth $15,798,000 after purchasing an additional 49,725 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in Jack Henry & Associates by 9.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 3,105 shares of the technology company’s stock worth $503,000 after purchasing an additional 276 shares during the last quarter. 89.42% of the stock is owned by institutional investors.
Jack Henry & Associates Company Profile
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 asset 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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