Jack Henry & Associates (NASDAQ:JKHY) Releases FY 2021 Earnings Guidance

Jack Henry & Associates (NASDAQ:JKHY) updated its FY 2021 earnings guidance on Monday. The company provided EPS guidance of 3.980-4.020 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.900. The company issued revenue guidance of $1.74 billion-$1.74 billion, compared to the consensus revenue estimate of $1.76 billion.

A number of research analysts have issued reports on JKHY shares. Raymond James reduced their price objective on shares of Jack Henry & Associates from $179.00 to $174.00 and set an outperform rating on the stock in a research report on Tuesday, May 11th. Compass Point raised shares of Jack Henry & Associates from a neutral rating to a buy rating and set a $175.00 price target for the company in a research note on Friday, February 12th. Zacks Investment Research cut Jack Henry & Associates from a buy rating to a hold rating and set a $158.00 price objective on the stock. in a research report on Thursday, January 28th. Credit Suisse Group decreased their target price on 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. Finally, DA Davidson lifted their price target on Jack Henry & Associates from $182.00 to $192.00 and gave the company a buy rating in a research report on Friday, April 23rd. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Jack Henry & Associates currently has an average rating of Hold and a consensus target price of $174.78.

Shares of NASDAQ JKHY traded down $1.25 during trading on Monday, reaching $156.07. The company had a trading volume of 5,182 shares, compared to its average volume of 605,024. Jack Henry & Associates has a 12-month low of $141.65 and a 12-month high of $200.98. The business’s 50-day moving average is $158.73 and its 200 day moving average is $155.85. The stock has a market cap of $11.59 billion, a PE ratio of 40.17, a P/E/G ratio of 3.88 and a beta of 0.52.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Sunday, May 2nd. The technology company reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.09. The company had revenue of $433.78 million for the quarter, compared to analysts’ expectations of $439.61 million. Jack Henry & Associates had a net margin of 17.45% and a return on equity of 19.59%. Jack Henry & Associates’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.96 EPS. Research analysts forecast that Jack Henry & Associates will post 3.8 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 14th. Stockholders of record on Friday, May 28th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.18%. Jack Henry & Associates’s payout ratio is 47.67%.

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

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