Jack Henry & Associates (JKHY) Releases Quarterly Earnings Results, Beats Expectations By $0.15 EPS

Jack Henry & Associates (NASDAQ:JKHY) announced its quarterly earnings data on Tuesday. The technology company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.15, Briefing.com reports. The business had revenue of $392.54 million for the quarter, compared to the consensus estimate of $385.12 million. Jack Henry & Associates had a net margin of 25.29% and a return on equity of 24.85%. Jack Henry & Associates’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company posted $0.86 earnings per share.

JKHY stock traded down $3.40 during midday trading on Thursday, hitting $143.25. The stock had a trading volume of 32,641 shares, compared to its average volume of 509,095. The stock has a market cap of $11.65 billion, a P/E ratio of 39.94, a price-to-earnings-growth ratio of 3.40 and a beta of 0.93. Jack Henry & Associates has a 52 week low of $111.37 and a 52 week high of $163.68.

JKHY has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. BidaskClub cut Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 1st. Wells Fargo & Co raised their target price on Jack Henry & Associates from $110.00 to $160.00 and gave the stock a “market perform” rating in a research report on Thursday, August 23rd. ValuEngine raised Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 24th. Finally, Robert W. Baird raised their target price on Jack Henry & Associates from $128.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, July 16th. Seven equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $137.29.

In related news, Director John F. Prim sold 6,329 shares of the firm’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $157.40, for a total value of $996,184.60. Following the completion of the transaction, the director now directly owns 206,318 shares of the company’s stock, valued at $32,474,453.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.84% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Sawtooth Solutions LLC lifted its holdings in shares of Jack Henry & Associates by 21.3% during the third quarter. Sawtooth Solutions LLC now owns 1,905 shares of the technology company’s stock valued at $305,000 after acquiring an additional 335 shares during the period. MetLife Investment Advisors LLC lifted its holdings in shares of Jack Henry & Associates by 0.8% during the second quarter. MetLife Investment Advisors LLC now owns 48,580 shares of the technology company’s stock valued at $6,333,000 after acquiring an additional 364 shares during the period. Intrust Bank NA lifted its holdings in shares of Jack Henry & Associates by 11.7% during the second quarter. Intrust Bank NA now owns 3,490 shares of the technology company’s stock valued at $455,000 after acquiring an additional 366 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Jack Henry & Associates by 6.3% during the third quarter. Steward Partners Investment Advisory LLC now owns 6,196 shares of the technology company’s stock valued at $992,000 after acquiring an additional 368 shares during the period. Finally, Cox Capital Mgt LLC lifted its holdings in shares of Jack Henry & Associates by 3.1% during the third quarter. Cox Capital Mgt LLC now owns 12,521 shares of the technology company’s stock valued at $2,004,000 after acquiring an additional 380 shares during the period. 87.77% of the stock is owned by institutional investors.

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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.

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Earnings History for Jack Henry & Associates (NASDAQ:JKHY)

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