Jack Henry & Associates (NASDAQ:JKHY) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Jack Henry & Associates (NASDAQ:JKHYGet Free Report) announced its quarterly earnings results on Tuesday. The technology company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12, Briefing.com reports. Jack Henry & Associates had a net margin of 17.07% and a return on equity of 22.91%. The business had revenue of $545.70 million for the quarter, compared to analyst estimates of $540.34 million. During the same quarter in the prior year, the business earned $1.10 EPS. Jack Henry & Associates’s quarterly revenue was up 8.0% on a year-over-year basis. Jack Henry & Associates updated its FY 2024 guidance to 5.090-5.130 EPS and its FY24 guidance to $5.09 to $5.13 EPS.

Jack Henry & Associates Trading Up 0.4 %

JKHY opened at $163.91 on Wednesday. Jack Henry & Associates has a twelve month low of $136.57 and a twelve month high of $182.25. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average of $165.20 and a 200-day moving average of $158.14. The stock has a market cap of $11.93 billion, a PE ratio of 33.11, a price-to-earnings-growth ratio of 4.06 and a beta of 0.65.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 1st were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Thursday, November 30th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 42.02%.

Analyst Ratings Changes

JKHY has been the topic of a number of research reports. Robert W. Baird reiterated a “neutral” rating and issued a $176.00 price target on shares of Jack Henry & Associates in a research note on Tuesday, January 30th. Royal Bank of Canada decreased their price target on shares of Jack Henry & Associates from $181.00 to $161.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 9th. UBS Group reiterated a “neutral” rating and issued a $165.00 price target on shares of Jack Henry & Associates in a research note on Friday, October 20th. The Goldman Sachs Group downgraded shares of Jack Henry & Associates from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $165.00 to $140.00 in a research note on Thursday, October 12th. Finally, TheStreet raised shares of Jack Henry & Associates from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $170.46.

Check Out Our Latest Analysis on JKHY

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, SVP Stacey E. Zengel sold 326 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $165.10, for a total value of $53,822.60. Following the completion of the sale, the senior vice president now directly owns 5,410 shares in the company, valued at $893,191. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.58% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Jack Henry & Associates

Large investors have recently bought and sold shares of the stock. KB Financial Partners LLC acquired a new stake in Jack Henry & Associates in the first quarter worth $52,000. State of Wyoming grew its holdings in shares of Jack Henry & Associates by 6,800.0% during the fourth quarter. State of Wyoming now owns 345 shares of the technology company’s stock valued at $61,000 after buying an additional 340 shares during the last quarter. Fairfield Bush & CO. acquired a new position in shares of Jack Henry & Associates during the second quarter valued at about $69,000. PCA Investment Advisory Services Inc. acquired a new position in shares of Jack Henry & Associates during the second quarter valued at about $70,000. Finally, Fred Alger Management LLC grew its holdings in shares of Jack Henry & Associates by 282.0% during the third quarter. Fred Alger Management LLC now owns 424 shares of the technology company’s stock valued at $77,000 after buying an additional 313 shares during the last quarter. 92.53% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Company Profile

(Get Free Report)

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.

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

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