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

Jack Henry & Associates (NASDAQ:JKHY) issued its quarterly earnings results on Tuesday. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02, Briefing.com reports. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. The business had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. During the same quarter in the prior year, the business posted $1.39 EPS. Jack Henry & Associates’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 Trading Down 2.2 %

Shares of JKHY traded down $4.09 during trading hours on Wednesday, reaching $181.43. 727,298 shares of the company traded hands, compared to its average volume of 440,960. The stock’s fifty day moving average price is $178.83 and its 200 day moving average price is $170.37. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. The firm has a market cap of $13.23 billion, a price-to-earnings ratio of 35.54, a PEG ratio of 3.36 and a beta of 0.63. Jack Henry & Associates has a 12-month low of $142.93 and a 12-month high of $189.36.

Jack Henry & Associates Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Compass Point began coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price on the stock. StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods lifted their target price on Jack Henry & Associates from $178.00 to $180.00 and gave the stock a “market perform” rating in a report on Thursday, August 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $181.00 price target on shares of Jack Henry & Associates in a research note on Friday, September 6th. Finally, Robert W. Baird raised their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average 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.