Zacks Research Issues Negative Estimate for JKHY Earnings

Jack Henry & Associates, Inc. (NASDAQ:JKHY) – Equities research analysts at Zacks Research dropped their Q1 2027 EPS estimates for Jack Henry & Associates in a report issued on Monday, December 16th. Zacks Research analyst R. Department now expects that the technology company will earn $1.74 per share for the quarter, down from their prior forecast of $1.75. The consensus estimate for Jack Henry & Associates’ current full-year earnings is $5.80 per share.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The business had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.39 earnings per share.

A number of other analysts have also recently commented on the company. Oppenheimer assumed coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price target for the company. William Blair cut Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Robert W. Baird increased their target price on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Compass Point assumed coverage on shares of Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price target on the stock. Finally, UBS Group raised their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Jack Henry & Associates currently has a consensus rating of “Hold” and an average price target of $189.00.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $176.74 on Thursday. Jack Henry & Associates has a 52 week low of $157.00 and a 52 week high of $189.63. The company has a 50 day moving average price of $178.41 and a 200 day moving average price of $172.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $12.89 billion, a P/E ratio of 32.37, a PEG ratio of 3.37 and a beta of 0.61.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates’s payout ratio is presently 40.29%.

Insider Buying and Selling

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the completion of the sale, the insider now directly owns 138,665 shares in the company, valued at $23,756,087.80. This trade represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC purchased a new position in Jack Henry & Associates in the 2nd quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB purchased a new position in Jack Henry & Associates in the third quarter valued at $26,000. Tortoise Investment Management LLC increased its stake in Jack Henry & Associates by 76.3% in the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after purchasing an additional 71 shares during the last quarter. Blue Trust Inc. raised its stake in Jack Henry & Associates by 148.9% during the 2nd quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock worth $39,000 after acquiring an additional 134 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Jack Henry & Associates in the 3rd quarter valued at about $48,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.