Jack Henry & Associates (NASDAQ:JKHY) Issues Earnings Results

Jack Henry & Associates (NASDAQ:JKHY) issued its earnings results on Sunday. The technology company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09, MarketWatch Earnings reports. The firm had revenue of $433.78 million during the quarter, compared to analyst estimates of $439.61 million. Jack Henry & Associates had a net margin of 17.45% and a return on equity of 19.59%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business earned $0.96 earnings per share.

Shares of NASDAQ JKHY traded down $5.36 during mid-day trading on Tuesday, hitting $158.57. The stock had a trading volume of 1,335,481 shares, compared to its average volume of 610,822. Jack Henry & Associates has a 1 year low of $141.65 and a 1 year high of $200.98. The business has a 50 day moving average price of $157.06 and a two-hundred day moving average price of $155.93. The firm has a market cap of $12.06 billion, a P/E ratio of 42.14, a price-to-earnings-growth ratio of 3.88 and a beta of 0.52.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 25th. Shareholders of record on Monday, March 8th were paid a dividend of $0.46 per share. The ex-dividend date was Friday, March 5th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a dividend yield of 1.16%. Jack Henry & Associates’s dividend payout ratio (DPR) is 47.67%.

A number of equities analysts have weighed in on JKHY shares. Credit Suisse Group cut 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 research report on Wednesday, February 10th. DA Davidson increased their target price on shares of Jack Henry & Associates from $182.00 to $192.00 and gave the stock a “buy” rating in a research report on Friday, April 23rd. Evercore ISI upgraded shares of Jack Henry & Associates from an “underperform” rating to an “in-line” rating and increased their target price for the stock from $133.00 to $165.00 in a research report on Monday, January 11th. Zacks Investment Research lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating and set a $158.00 price objective for the company. in a research report on Thursday, January 28th. Finally, Compass Point upgraded shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and set a $175.00 price objective for the company in a research report on Friday, February 12th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $174.88.

About Jack Henry & Associates

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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Earnings History for Jack Henry & Associates (NASDAQ:JKHY)

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