Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $189.63 and last traded at $180.83, with a volume of 43495 shares changing hands. The stock had previously closed at $185.52.
The technology company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. The company had revenue of $600.98 million during the quarter, compared to analysts' expectations of $599.56 million. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. The business's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 EPS.
Jack Henry & Associates Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were issued a $0.55 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.22%. Jack Henry & Associates's dividend payout ratio (DPR) is 42.15%.
Analyst Ratings Changes
A number of research firms recently issued reports on JKHY. Keefe, Bruyette & Woods increased their target price on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the stock a "market perform" rating in a research report on Thursday, August 22nd. Robert W. Baird increased their price objective on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Oppenheimer started coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They set an "outperform" rating and a $206.00 target price on the stock. Stephens reiterated an "equal weight" rating and issued a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $181.00 price objective on shares of Jack Henry & Associates in a research note on Friday, September 6th. Eight equities 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.com, the company currently has a consensus rating of "Hold" and a consensus price target of $185.40.
View Our Latest Research Report on Jack Henry & Associates
Institutional Investors Weigh In On Jack Henry & Associates
Several hedge funds and other institutional investors have recently bought and sold shares of JKHY. Strategic Financial Concepts LLC bought a new position in shares of Jack Henry & Associates during the second quarter worth about $25,000. Tortoise Investment Management LLC lifted its holdings in Jack Henry & Associates by 76.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company's stock worth $27,000 after buying an additional 71 shares during the last quarter. New Covenant Trust Company N.A. acquired a new position in shares of Jack Henry & Associates in the 1st quarter worth approximately $30,000. Blue Trust Inc. increased its holdings in shares of Jack Henry & Associates by 148.9% in the 2nd quarter. Blue Trust Inc. now owns 224 shares of the technology company's stock valued at $39,000 after acquiring an additional 134 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at approximately $48,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.
Jack Henry & Associates Stock Performance
The firm has a market capitalization of $13.15 billion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 3.36 and a beta of 0.63. The company has a 50-day moving average of $178.83 and a 200-day moving average of $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.
Jack Henry & Associates Company Profile
(
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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.
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