Jack Henry & Associates (NASDAQ:JKHY) issued its earnings results on Tuesday, February 6th. The technology company reported $0.80 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.80, Bloomberg Earnings reports. The firm had revenue of $374.80 million for the quarter, compared to analysts’ expectations of $368.84 million. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 23.35%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 earnings per share.
Jack Henry & Associates (NASDAQ:JKHY) traded up $0.83 during mid-day trading on Wednesday, reaching $117.13. The company’s stock had a trading volume of 335,700 shares, compared to its average volume of 348,460. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $9,050.00, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 3.14 and a beta of 0.78. Jack Henry & Associates has a 12-month low of $90.90 and a 12-month high of $127.31.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Thursday, March 1st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.26%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, February 28th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 27.99%.
A number of research firms have recently commented on JKHY. Zacks Investment Research lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Stephens reissued a “hold” rating and issued a $118.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, February 6th. Oppenheimer reissued a “hold” rating on shares of Jack Henry & Associates in a research report on Thursday, January 18th. Royal Bank of Canada reissued a “hold” rating and issued a $96.00 target price on shares of Jack Henry & Associates in a research report on Friday, October 20th. Finally, Robert W. Baird lifted their target price on Jack Henry & Associates from $114.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus target price of $122.17.
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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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