Jack Henry & Associates (NASDAQ:JKHY) Announces Earnings Results, Beats Estimates By $0.06 EPS

Jack Henry & Associates (NASDAQ:JKHY) announced its earnings results on Tuesday. The technology company reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.06, FiscalAI reports. The company had revenue of $682.18 million during the quarter, compared to analysts’ expectations of $685.54 million. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%.

Jack Henry & Associates Stock Down 1.1%

Jack Henry & Associates stock traded down $1.76 during mid-day trading on Tuesday, hitting $161.66. The company had a trading volume of 1,010,797 shares, compared to its average volume of 1,128,377. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.02. Jack Henry & Associates has a 1 year low of $121.04 and a 1 year high of $193.39. The business has a fifty day moving average of $156.81 and a 200 day moving average of $154.74. The stock has a market cap of $11.33 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 1.96 and a beta of 0.56.

Jack Henry & Associates Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Monday, September 7th were issued a $0.61 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.5%. Jack Henry & Associates’s dividend payout ratio is presently 35.01%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on JKHY. Seaport Research Partners began coverage on shares of Jack Henry & Associates in a research note on Monday, September 28th. They set a “buy” rating and a $193.00 price target on the stock. Stephens assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, August 11th. They issued an “overweight” rating and a $200.00 price objective for the company. DA Davidson restated a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, September 2nd. Wolfe Research lifted their price objective on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Finally, KeyCorp began coverage on shares of Jack Henry & Associates in a research note on Monday, September 14th. They set an “overweight” rating and a $190.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $190.00.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company that provides software, payment solutions and technology services to banks and credit unions. Its offerings are designed to support core banking operations, digital banking, account management, lending, payments, fraud prevention and other financial institution functions.

The company serves community and regional banks, credit unions and other financial services organizations in the United States. Its products are delivered through integrated platforms and services intended to help financial institutions manage daily operations, improve customer and member experiences, and connect with third-party financial technology providers.

Founded in 1976 and headquartered in Monett, Missouri, Jack Henry has expanded through internal development and acquisitions, including the 2004 acquisition of Symitar, a provider of core processing and related technology for credit unions.