Jack Henry & Associates (NASDAQ:JKHY) Posts Earnings Results, Beats Estimates By $0.02 EPS

Jack Henry & Associates (NASDAQ:JKHY) posted its quarterly earnings results on Tuesday. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.02, Briefing.com reports. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The business had revenue of $538.56 million during the quarter, compared to the consensus estimate of $541.80 million. During the same quarter last year, the firm posted $1.12 EPS. Jack Henry & Associates’s revenue was up 5.9% compared to the same quarter last year.

Jack Henry & Associates Stock Performance

NASDAQ JKHY traded up $0.69 during trading on Tuesday, hitting $165.65. 576,368 shares of the company’s stock traded hands, compared to its average volume of 425,763. The stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 3.84 and a beta of 0.66. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.37. The business has a 50 day moving average of $169.33 and a 200-day moving average of $164.08. Jack Henry & Associates has a 12-month low of $136.57 and a 12-month high of $178.37.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were paid a $0.55 dividend. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, March 7th. Jack Henry & Associates’s payout ratio is currently 43.05%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Robert W. Baird raised their target price on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Evercore ISI upped their target price on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 26th. Citigroup began coverage on shares of Jack Henry & Associates in a research report on Thursday, January 18th. They set a “neutral” rating and a $177.00 price target on the stock. Royal Bank of Canada upped their price objective on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 8th. Finally, Wolfe Research initiated coverage on shares of Jack Henry & Associates in a research report on Thursday, March 7th. They set a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $174.42.

About Jack Henry & Associates

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.