Oppenheimer reiterated their hold rating on shares of Jack Henry & Associates (NASDAQ:JKHY) in a report released on Thursday, January 18th. Oppenheimer also issued estimates for Jack Henry & Associates’ Q3 2018 earnings at $0.91 EPS, Q4 2018 earnings at $1.02 EPS, FY2018 earnings at $3.55 EPS, Q1 2019 earnings at $0.96 EPS, Q2 2019 earnings at $1.00 EPS, Q3 2019 earnings at $0.99 EPS and Q4 2019 earnings at $1.10 EPS.
A number of other brokerages have also recently commented on JKHY. Zacks Investment Research cut Jack Henry & Associates from a buy rating to a hold rating in a report on Thursday, January 18th. Royal Bank of Canada reaffirmed a sector perform rating and issued a $103.00 price target (up previously from $96.00) on shares of Jack Henry & Associates in a research report on Thursday, November 9th. Cantor Fitzgerald increased their price target on Jack Henry & Associates to $128.00 and gave the company an overweight rating in a research report on Thursday, November 9th. Finally, Robert W. Baird reaffirmed a hold rating and issued a $114.00 price target on shares of Jack Henry & Associates in a research report on Friday, November 10th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $122.17.
Shares of Jack Henry & Associates (JKHY) traded up $0.96 on Thursday, hitting $115.33. The company’s stock had a trading volume of 655,013 shares, compared to its average volume of 363,102. The firm has a market cap of $8,910.63, a P/E ratio of 36.50, a PEG ratio of 3.10 and a beta of 0.78. Jack Henry & Associates has a twelve month low of $90.25 and a twelve month high of $127.31.
Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 23.35%. The business had revenue of $374.80 million during the quarter, compared to analysts’ expectations of $368.84 million. During the same period in the prior year, the business posted $0.75 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. equities analysts predict that Jack Henry & Associates will post 3.39 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in JKHY. Magnetar Financial LLC grew its stake in shares of Jack Henry & Associates by 142.3% in the 3rd quarter. Magnetar Financial LLC now owns 12,888 shares of the technology company’s stock valued at $1,325,000 after purchasing an additional 7,568 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Jack Henry & Associates by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 407,667 shares of the technology company’s stock valued at $42,345,000 after buying an additional 7,267 shares in the last quarter. Shelton Capital Management purchased a new stake in shares of Jack Henry & Associates in the second quarter valued at approximately $607,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Jack Henry & Associates by 5.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 329,360 shares of the technology company’s stock valued at $33,855,000 after buying an additional 18,284 shares in the last quarter. Finally, Andra AP fonden boosted its stake in shares of Jack Henry & Associates by 7.0% in the third quarter. Andra AP fonden now owns 144,714 shares of the technology company’s stock valued at $14,875,000 after buying an additional 9,514 shares in the last quarter. 89.10% of the stock is currently owned by institutional investors.
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Jack Henry & Associates Company Profile
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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