Jack Henry & Associates (NASDAQ:JKHY – Get Rating) will be releasing its earnings data after the market closes on Tuesday, May 3rd. Analysts expect Jack Henry & Associates to post earnings of $1.06 per share for the quarter. Jack Henry & Associates has set its FY 2022 guidance at $4.750-$4.820 EPS and its FY22 guidance at $4.75 to $4.82 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.
Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last posted its quarterly earnings results on Tuesday, February 8th. The technology company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.14. Jack Henry & Associates had a net margin of 18.55% and a return on equity of 26.11%. The firm had revenue of $493.90 million during the quarter, compared to the consensus estimate of $467.83 million. During the same period in the previous year, the firm posted $0.94 earnings per share. The business’s revenue was up 16.9% compared to the same quarter last year. On average, analysts expect Jack Henry & Associates to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
JKHY opened at $197.45 on Tuesday. Jack Henry & Associates has a 1-year low of $147.50 and a 1-year high of $205.37. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.19. The company has a market cap of $14.38 billion, a P/E ratio of 42.28, a price-to-earnings-growth ratio of 2.50 and a beta of 0.59. The company has a fifty day moving average price of $188.45 and a two-hundred day moving average price of $172.37.
Several research firms have weighed in on JKHY. StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Tuesday, April 5th. Royal Bank of Canada lifted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 in a report on Thursday, February 10th. DA Davidson lifted their price objective on shares of Jack Henry & Associates from $188.00 to $204.00 in a report on Thursday, February 10th. Finally, Oppenheimer upgraded shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and set a $206.00 price objective for the company in a report on Tuesday, March 1st. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Jack Henry & Associates presently has an average rating of “Hold” and a consensus price target of $184.50.
In related news, CEO David B. Foss sold 3,247 shares of the business’s stock in a transaction dated Wednesday, March 23rd. The shares were sold at an average price of $188.08, for a total transaction of $610,695.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its stake in Jack Henry & Associates by 8.7% in the second quarter. Morgan Stanley now owns 299,621 shares of the technology company’s stock valued at $48,991,000 after acquiring an additional 23,943 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in Jack Henry & Associates in the fourth quarter valued at about $198,000. Barclays PLC boosted its stake in Jack Henry & Associates by 4.5% in the fourth quarter. Barclays PLC now owns 128,508 shares of the technology company’s stock valued at $21,458,000 after acquiring an additional 5,485 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Jack Henry & Associates by 18.8% in the fourth quarter. Advisors Asset Management Inc. now owns 2,694 shares of the technology company’s stock valued at $450,000 after acquiring an additional 427 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in Jack Henry & Associates by 11.2% in the fourth quarter. Amalgamated Bank now owns 28,542 shares of the technology company’s stock valued at $4,766,000 after acquiring an additional 2,881 shares during the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.
About Jack Henry & Associates (Get Rating)
Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. 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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