Jack Henry & Associates (NASDAQ:JKHY) issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80, Bloomberg Earnings reports. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 23.35%. The company had revenue of $374.80 million for the quarter, compared to analyst estimates of $368.84 million. During the same quarter last year, the company posted $0.75 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year.
Shares of Jack Henry & Associates (NASDAQ JKHY) traded up $0.83 on Wednesday, hitting $117.13. 335,700 shares of the stock were exchanged, compared to its average volume of 347,878. The stock has a market cap of $9,050.00, a PE ratio of 26.44, a price-to-earnings-growth ratio of 3.14 and a beta of 0.78. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04. Jack Henry & Associates has a fifty-two week low of $90.90 and a fifty-two week high of $127.31.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.26%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, February 28th. Jack Henry & Associates’s dividend payout ratio (DPR) is 27.99%.
Several equities research analysts have recently weighed in on the stock. Robert W. Baird increased their target price on shares of Jack Henry & Associates from $114.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. DA Davidson initiated coverage on shares of Jack Henry & Associates in a research report on Monday, January 22nd. They issued a “neutral” rating and a $118.00 price objective for the company. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research report on Wednesday, January 31st. Oppenheimer reiterated a “hold” rating on shares of Jack Henry & Associates in a research report on Thursday, January 18th. Finally, Stephens reiterated a “hold” rating and set a $118.00 price target on shares of Jack Henry & Associates in a research report on Tuesday, February 6th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Jack Henry & Associates has a consensus rating of “Hold” and an average price target of $122.17.
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About Jack Henry & Associates
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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