Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 5.150-5.190 for the period, compared to the consensus EPS estimate of 5.120. The company issued revenue guidance of $2.2 billion-$2.2 billion, compared to the consensus revenue estimate of $2.2 billion.
Jack Henry & Associates Trading Down 0.0 %
JKHY stock traded down $0.06 during midday trading on Wednesday, hitting $165.59. The company had a trading volume of 893,319 shares, compared to its average volume of 430,077. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.15. Jack Henry & Associates has a 52 week low of $136.57 and a 52 week high of $178.37. The stock has a market cap of $12.07 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 3.84 and a beta of 0.66. The stock's 50 day moving average price is $169.14 and its 200 day moving average price is $164.24.
Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.02. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The company had revenue of $538.56 million for the quarter, compared to analysts' expectations of $541.80 million. During the same period last year, the firm earned $1.12 earnings per share. Jack Henry & Associates's quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts expect that Jack Henry & Associates will post 5.12 earnings per share for the current fiscal year.
Jack Henry & Associates Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were given a $0.55 dividend. The ex-dividend date was Thursday, March 7th. This represents a $2.20 annualized dividend and a dividend yield of 1.33%. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.52. Jack Henry & Associates's dividend payout ratio is currently 43.05%.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on JKHY. Royal Bank of Canada lifted their target price on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the company a sector perform rating in a report on Thursday, February 8th. Wolfe Research assumed coverage on shares of Jack Henry & Associates in a research report on Thursday, March 7th. They set a peer perform rating for the company. William Blair reiterated an outperform rating on shares of Jack Henry & Associates in a research note on Wednesday. StockNews.com cut Jack Henry & Associates from a buy rating to a hold rating in a research note on Saturday, April 20th. Finally, DA Davidson reaffirmed a buy rating and set a $198.00 price objective on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $174.42.
View Our Latest Analysis on Jack Henry & Associates
About Jack Henry & Associates
(
Get Free Report)
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.
See Also
Before you consider Jack Henry & Associates, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Jack Henry & Associates wasn't on the list.
While Jack Henry & Associates currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
