Jack Henry & Associates (NASDAQ:JKHY) announced its earnings results on Sunday. The technology company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09, MarketWatch Earnings reports. Jack Henry & Associates had a net margin of 17.45% and a return on equity of 19.59%. The business had revenue of $433.78 million during the quarter, compared to analysts’ expectations of $439.61 million. During the same period in the prior year, the company earned $0.96 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year.
JKHY traded down $5.36 on Tuesday, hitting $158.57. 1,256,546 shares of the company were exchanged, compared to its average volume of 610,822. The business’s fifty day moving average is $157.32 and its 200 day moving average is $155.93. Jack Henry & Associates has a fifty-two week low of $141.65 and a fifty-two week high of $200.98. The firm has a market capitalization of $12.06 billion, a P/E ratio of 40.76, a price-to-earnings-growth ratio of 3.88 and a beta of 0.52.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 25th. Shareholders of record on Monday, March 8th were given a dividend of $0.46 per share. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Friday, March 5th. Jack Henry & Associates’s dividend payout ratio is presently 47.67%.
JKHY has been the subject of a number of research reports. Compass Point raised shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and set a $175.00 target price for the company in a report on Friday, February 12th. Credit Suisse Group reduced their target price on shares of Jack Henry & Associates from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, February 10th. Evercore ISI raised shares of Jack Henry & Associates from an “underperform” rating to an “in-line” rating and increased their price target for the stock from $133.00 to $165.00 in a report on Monday, January 11th. Zacks Investment Research cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating and set a $158.00 price target for the company. in a report on Thursday, January 28th. Finally, DA Davidson increased their price target on shares of Jack Henry & Associates from $182.00 to $192.00 and gave the stock a “buy” rating in a report on Friday, April 23rd. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $174.88.
Jack Henry & Associates Company Profile
Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.
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