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Financial Reports are Key to Consider: Jack Henry & Associates Inc. (NASDAQ: JKHY)

MONETT, Mo., June 27, 2019 – Shares of Jack Henry & Associates Inc. (NASDAQ: JKHY) showed the bearish trend with a lower momentum of -0.91% to $134.41. The company traded total volume of 381.149K shares as contrast to its average volume of 384.16K shares. The company has a market value of $10.47B and about 77.92M shares outstanding.

Jack Henry & Associates Inc. (JKHY) recently reported fiscal third-quarter net income of $59.30M.

GAAP Results for the Quarter:

Revenue for the quarter ended March 31, 2019 increased to $380.40M, a 2% improvement over the third quarter of fiscal 2018.  Operating income reduced 16% to $76.40M and net income reduced 14% to $59.30M, or $0.77 per diluted share, contrast to the third quarter of fiscal 2018.  The decrease was due mainly to reduced deconversion fees in the current quarter and added expense related to a bonus program enacted by the Company in fiscal 2019 in response to the Tax Cuts and Jobs Act (“TCJA”).

For the nine months ended March 31, 2019, revenue increased to $1,159.20M, a 6% increase contrast to the nine months ended March 31, 2018.  Operating income reduced 2% over the prior year-to-date period to $267.90M. Net income totaled $210.90M, or $2.72 per diluted share for the nine months ended March 31, 2019, a 29% decrease contrast to the nine months ended March 31, 2018.  This decrease in net income was mainly because of a large tax benefit recognized in fiscal 2018 as a result of the enactment of the TCJA.

Balance Sheet and Cash Flow Review:

  • At March 31, 2019, cash and cash equivalents reduced to $35.40M from $57.40M at March 31, 2018.
  • Trade receivables totaled $190.80M at March 31, 2019 contrast to $176.90M at March 31, 2018.
  • The company had $35.00M of borrowings at March 31, 2019 and $105.00M at March 31, 2018.
  • Total deferred revenue increased to $207.90M at March 31, 2019, contrast to $185.40M a year ago.
  • Stockholders’ equity increased to $1,426.00M at March 31, 2019, contrast to $1,296.50M a year ago.

The Company offered net profit margin of 18.80% while its gross profit margin was 41.70%. ROE was recorded as 21.50% while beta factor was 0.94. The stock, as of recent close, has shown the weekly downbeat performance of -2.74% which was maintained at 6.24% in this year.