Jack Henry & Associates (JKHY) Issues Quarterly Earnings Results
Jack Henry & Associates (NASDAQ:JKHY) released its quarterly earnings data on Tuesday. The technology company reported $0.80 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.80, Bloomberg Earnings reports. Jack Henry & Associates had a net margin of 23.35% and a return on equity of 23.93%. The business had revenue of $374.80 million for the quarter, compared to the consensus estimate of $368.84 million. During the same period in the prior year, the firm earned $0.75 earnings per share. The company’s revenue was up 7.5% compared to the same quarter last year.
Shares of Jack Henry & Associates (NASDAQ:JKHY) opened at $117.23 on Thursday. Jack Henry & Associates has a fifty-two week low of $88.11 and a fifty-two week high of $127.31. The stock has a market cap of $9,111.35, a PE ratio of 26.46, a PEG ratio of 3.19 and a beta of 0.78.
A number of equities research analysts have recently issued reports on JKHY shares. Zacks Investment Research raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Royal Bank of Canada reissued a “hold” rating and issued a $96.00 price target on shares of Jack Henry & Associates in a report on Friday, October 20th. Cantor Fitzgerald reissued a “buy” rating and issued a $112.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 8th. Robert W. Baird reissued a “hold” rating and issued a $114.00 price target on shares of Jack Henry & Associates in a report on Friday, November 10th. Finally, Oppenheimer reissued a “hold” rating on shares of Jack Henry & Associates in a report on Thursday, January 18th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Jack Henry & Associates currently has an average rating of “Hold” and a consensus price target of $122.17.
Jack Henry & Associates, Inc is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union).
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