Jack Henry & Associates (NASDAQ:JKHY) Releases Earnings Results, Beats Estimates By $0.21 EPS

Jack Henry & Associates (NASDAQ:JKHY) posted its earnings results on Tuesday. The technology company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.21, Zacks 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 net margin of 19.96% and a return on equity of 24.38%. Jack Henry & Associates’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.97 earnings per share.

Jack Henry & Associates Trading Up 2.2%

Shares of NASDAQ JKHY traded up $4.01 during midday trading on Thursday, hitting $183.17. The stock had a trading volume of 230,206 shares, compared to its average volume of 1,125,400. The company’s 50-day simple moving average is $156.74 and its 200 day simple moving average is $154.53. The firm has a market cap of $12.84 billion, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 2.00 and a beta of 0.55. Jack Henry & Associates has a fifty-two week low of $121.04 and a fifty-two week high of $193.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.17 and a quick ratio of 1.17.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Monday, September 7th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, September 4th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 35.01%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Oppenheimer raised their price target on Jack Henry & Associates from $208.00 to $209.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Bank of America began coverage on Jack Henry & Associates in a research report on Thursday, October 15th. They issued a “neutral” rating and a $165.00 price objective for the company. Barclays boosted their price objective on Jack Henry & Associates from $170.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Stephens started coverage on Jack Henry & Associates in a report on Tuesday, August 11th. They set an “overweight” rating and a $200.00 target price on the stock. Finally, Weiss Ratings upgraded Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.