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

Jack Henry & Associates (NASDAQ:JKHY) released its quarterly earnings data on Tuesday. The technology company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02, Briefing.com reports. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. The company had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. During the same period in the prior year, the firm earned $1.39 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Jack Henry & Associates updated its FY25 guidance to $5.78-5.87 EPS and its FY 2025 guidance to 5.780-5.870 EPS.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock traded down $4.09 during mid-day trading on Wednesday, reaching $181.43. 727,298 shares of the company traded hands, compared to its average volume of 440,960. The firm’s fifty day moving average is $178.83 and its two-hundred day moving average is $170.37. The company has a market capitalization of $13.23 billion, a price-to-earnings ratio of 35.54, a price-to-earnings-growth ratio of 3.36 and a beta of 0.63. Jack Henry & Associates has a fifty-two week low of $142.93 and a fifty-two week high of $189.36. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.21%. The ex-dividend date was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is presently 42.15%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a research note on Thursday, August 22nd. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Robert W. Baird boosted their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $181.00 price objective on shares of Jack Henry & Associates in a research report on Friday, September 6th. Finally, Oppenheimer started coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 target price for the company. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $187.11.

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.