Jack Henry & Associates (NASDAQ:JKHY) Announces Quarterly Earnings Results

Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) released its quarterly earnings results on Tuesday. The technology company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.21, Zacks reports. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%. The firm had revenue of $682.18 million for the quarter, compared to analyst estimates of $685.54 million. During the same quarter in the previous year, the company posted $1.97 EPS. The business’s revenue was up 8.8% on a year-over-year basis.

Jack Henry & Associates Trading Down 1.1%

Shares of Jack Henry & Associates stock traded down $1.76 on Tuesday, hitting $161.66. 1,010,796 shares of the company’s stock traded hands, compared to its average volume of 1,128,384. The company has a fifty day moving average of $156.63 and a two-hundred day moving average of $154.59. Jack Henry & Associates has a one year low of $121.04 and a one year high of $193.39. The company has a market capitalization of $11.33 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 1.96 and a beta of 0.55. 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 Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on JKHY shares. Piper Sandler upgraded Jack Henry & Associates from a “neutral” rating to an “overweight” rating and set a $175.00 price objective for the company in a research report on Friday, October 9th. The Goldman Sachs Group lifted their price objective on Jack Henry & Associates from $158.00 to $178.00 and gave the stock a “neutral” rating in a research note on Thursday, August 20th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $178.00 target price on shares of Jack Henry & Associates in a report on Wednesday, September 30th. Raymond James Financial raised their price target on shares of Jack Henry & Associates from $192.00 to $199.00 and gave the stock a “strong-buy” rating in a report on Wednesday, September 16th. Finally, Weiss Ratings upgraded shares of Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.00.

Get Our Latest Research Report on JKHY

Key Stories Impacting Jack Henry & Associates

Here are the key news stories impacting Jack Henry & Associates this week:

  • Positive Sentiment: Jack Henry reported fiscal Q1 GAAP revenue growth of 8.8%, operating income growth of 12.5%, and diluted EPS of $2.28, up 15.6% year over year. An earnings flash put revenue at $701.5 million, above FactSet’s $685.5 million estimate. First-quarter results Revenue earnings flash
  • Positive Sentiment: The ICBA added JHA Treasury Management to its Preferred Service Provider program, making the solution available to member banks and potentially broadening its reach among community-bank customers. ICBA program announcement
  • Neutral Sentiment: Results coverage is not fully consistent: another report lists revenue of $682.18 million versus a $685.54 million estimate and EPS of $2.13 versus $2.07. The difference may reflect differing reporting bases, so investors may want to review the company’s release for comparable GAAP and adjusted figures. Quarterly results coverage

Jack Henry & Associates Company Profile

(Get Free Report)

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.

Further Reading

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

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