Jack Henry & Associates (JKHY) Releases Earnings Results, Beats Expectations By $0.01 EPS

Jack Henry & Associates (JKHY) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.68 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.67. The company posted revenue of $333.20 million in the period, compared to analysts expectations of $326.42 million. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Jack Henry & Associates opened for trading at $81.05 and hit $82.39 on the upside on Monday, eventually ending the session at $82.35, with a gain of 1.63% or 1.32 points. The heightened volatility saw the trading volume jump to 3,65,162 shares. Company has a market cap of $6,494 M.

In a different news, on Feb 24, 2016, Mark S Forbis (VICE PRESIDENT & CTO) sold 400 shares at $83.36 per share price.

Jack Henry & Associates Inc. (JHA) is a provider of core information processing solutions for community banks. The Company provides integrated computer systems that perform data processing (available for in-house installations or outsourced services) for banks and credit unions. The Company operates in two segments: bank systems and services and credit union systems and services. The Company’s array of products and services include processing transactions automating business processes and managing information for around 10900 financial institutions and diverse corporate entities. JHA provides its products and services through three business brands: Jack Henry Banking Symitar and ProfitStars. Its software systems operate on a range of hardware platforms. The Company sells the IBM Power Systems; Lenovo servers and workstations; Dell servers and workstations; Burroughs RDM Panini Digital Check Canon check scanners and other devices that complement its software solutions.

Jack Henry & Associates

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