Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Jack Henry & Associates (JKHY) Stock Price
Media stories about Jack Henry & Associates (NASDAQ:JKHY) have trended somewhat positive on Saturday, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Jack Henry & Associates earned a news impact score of 0.16 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.4798605406202 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Jack Henry & Associates, Inc. (JKHY) Expected to Announce Earnings of $0.84 Per Share (americanbankingnews.com)
- Q3 2018 EPS Estimates for Jack Henry & Associates, Inc. (JKHY) Decreased by Analyst (americanbankingnews.com)
- Jack Henry & Associates, Inc. Forecasted to Earn Q2 2018 Earnings of $0.83 Per Share (JKHY) (americanbankingnews.com)
- Jack Henry & Associates, Inc. Declares Quarterly Dividend of $0.31 (JKHY) (americanbankingnews.com)
- Cantor Fitzgerald Increases Jack Henry & Associates, Inc. (JKHY) Price Target to $128.00 (americanbankingnews.com)
Several brokerages have recently weighed in on JKHY. Zacks Investment Research raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Robert W. Baird reissued a “hold” rating and set a $104.00 price target on shares of Jack Henry & Associates in a research report on Tuesday, September 19th. Royal Bank Of Canada reissued a “hold” rating and set a $96.00 price target on shares of Jack Henry & Associates in a research report on Friday, October 20th. BidaskClub cut shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, Cantor Fitzgerald assumed coverage on shares of Jack Henry & Associates in a research report on Monday, August 28th. They issued an “overweight” rating and a $112.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $110.50.
Jack Henry & Associates (JKHY) opened at $113.69 on Friday. Jack Henry & Associates has a 1 year low of $83.07 and a 1 year high of $115.34. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.53 and a quick ratio of 1.10. The company has a market cap of $8,801.64, a PE ratio of 36.64, a price-to-earnings-growth ratio of 2.99 and a beta of 0.77.
Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, August 15th. The technology company reported $0.83 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.83. The company had revenue of $383.77 million for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company posted $1.06 earnings per share. equities research analysts forecast that Jack Henry & Associates will post 3.31 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.09%. Jack Henry & Associates’s dividend payout ratio is presently 39.12%.
In other news, insider Kevin D. Williams sold 20,000 shares of the stock in a transaction dated 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 sale, the insider now owns 43,314 shares of the company’s stock, valued at $4,402,001.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mark S. Forbis sold 2,600 shares of the stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $101.16, for a total transaction of $263,016.00. Following the sale, the vice president now directly owns 1,696 shares in the company, valued at approximately $171,567.36. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by corporate insiders.
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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).
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