Jack Henry & Associates, Inc. (NASDAQ:JKHY) – Investment analysts at Northcoast Research issued their Q1 2020 EPS estimates for shares of Jack Henry & Associates in a report issued on Thursday, August 22nd, according to Zacks Investment Research. Northcoast Research analyst K. Mehta anticipates that the technology company will earn $1.05 per share for the quarter. Northcoast Research also issued estimates for Jack Henry & Associates’ Q2 2020 earnings at $0.93 EPS, Q3 2020 earnings at $0.80 EPS, Q4 2020 earnings at $0.83 EPS, FY2020 earnings at $3.62 EPS and FY2021 earnings at $4.15 EPS.
Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, August 20th. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. Jack Henry & Associates had a net margin of 17.51% and a return on equity of 19.37%. The business had revenue of $393.50 million during the quarter, compared to the consensus estimate of $390.70 million. During the same quarter in the previous year, the firm posted $1.10 EPS. The firm’s revenue was up 4.0% on a year-over-year basis.
A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Jack Henry & Associates from a “hold” rating to a “sell” rating in a research report on Thursday. BidaskClub raised shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 30th. Finally, Atlantic Securities started coverage on shares of Jack Henry & Associates in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $147.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Jack Henry & Associates has an average rating of “Buy” and an average target price of $151.50.
NASDAQ:JKHY opened at $147.74 on Friday. Jack Henry & Associates has a 12 month low of $120.20 and a 12 month high of $163.68. The company has a market cap of $11.44 billion, a PE ratio of 41.97, a price-to-earnings-growth ratio of 3.54 and a beta of 0.92. The company has a 50 day simple moving average of $141.04 and a two-hundred day simple moving average of $138.18.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 9th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Friday, September 6th. Jack Henry & Associates’s payout ratio is 45.45%.
In related news, Director Wesley A. Brown sold 3,320 shares of Jack Henry & Associates stock in a transaction on Friday, June 21st. The shares were sold at an average price of $137.35, for a total transaction of $456,002.00. Following the transaction, the director now owns 90,931 shares in the company, valued at approximately $12,489,372.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mark S. Forbis sold 501 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $137.58, for a total transaction of $68,927.58. Following the completion of the sale, the insider now owns 797 shares in the company, valued at approximately $109,651.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,821 shares of company stock valued at $1,213,430. Insiders own 0.84% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Jack Henry & Associates by 209.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 65,241 shares of the technology company’s stock worth $8,737,000 after purchasing an additional 44,142 shares in the last quarter. Atria Investments LLC lifted its stake in Jack Henry & Associates by 24.0% in the 2nd quarter. Atria Investments LLC now owns 2,453 shares of the technology company’s stock worth $339,000 after purchasing an additional 474 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in Jack Henry & Associates by 3.1% in the 2nd quarter. Treasurer of the State of North Carolina now owns 32,840 shares of the technology company’s stock worth $4,398,000 after purchasing an additional 993 shares in the last quarter. BlackRock Inc. lifted its stake in Jack Henry & Associates by 3.2% in the 2nd quarter. BlackRock Inc. now owns 7,898,053 shares of the technology company’s stock worth $1,057,706,000 after purchasing an additional 247,051 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its stake in Jack Henry & Associates by 5.6% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 8,233 shares of the technology company’s stock worth $1,103,000 after purchasing an additional 440 shares in the last quarter. Institutional investors and hedge funds own 90.52% of the company’s stock.
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 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.