Jack Henry & Associates, Inc. provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand. It also provides a suite of integrated applications required to process deposit, loan, and general ledger transactions, as well as to maintain centralized customer/member information; and complementary products and services that enable core bank and credit union clients to respond to evolving customer/member demands. The company's Jack Henry Banking business brand offers SilverLake, a robust primarily designed for commercial-focused banks; CIF 20/20, a parameter-driven, easy-to-use system for banks; and Core Director, a cost-efficient system with point-and-click operation. Its Symitar business brand provides Episys, a robust designed for credit unions. In addition, the company offers digital products and services and electronic payment solutions; purchases and resells hardware systems, including servers, workstations, scanners, and other devices; and provides implementation, training, and support services. Jack Henry & Associates, Inc. was founded in 1976 and is headquartered in Monett, Missouri.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on JKHY shares. StockNews.com lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Thursday, July 21st. Morgan Stanley began coverage on shares of Jack Henry & Associates in a report on Wednesday, June 15th. They set an "equal weight" rating and a $190.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $185.11.
Jack Henry & Associates Trading Down 6.4 %
Jack Henry & Associates stock traded down $13.54 during trading hours on Wednesday, reaching $197.30. 1,416,765 shares of the company's stock traded hands, compared to its average volume of 538,656. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. Jack Henry & Associates has a fifty-two week low of $147.50 and a fifty-two week high of $212.62. The firm has a market capitalization of $14.38 billion, a price-to-earnings ratio of 40.43, a PEG ratio of 4.54 and a beta of 0.63. The firm's 50 day moving average is $191.72 and its 200-day moving average is $187.11.
Jack Henry & Associates (NASDAQ:JKHY - Get Rating) last released its earnings results on Tuesday, August 16th. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.10. Jack Henry & Associates had a net margin of 18.81% and a return on equity of 27.04%. The company had revenue of $482.67 million for the quarter, compared to the consensus estimate of $480.30 million. During the same period in the prior year, the company posted $1.04 EPS. The company's revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that Jack Henry & Associates will post 4.84 earnings per share for the current year.