Jack Henry & Associates (NASDAQ:JKHY) Issues Earnings Results, Misses Estimates By $0.03 EPS

Jack Henry & Associates (NASDAQ:JKHY) released its earnings results on Tuesday. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03), Zacks reports. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock traded down $0.70 on Tuesday, hitting $174.08. The stock had a trading volume of 1,013,757 shares, compared to its average volume of 572,042. The stock has a market cap of $12.70 billion, a price-to-earnings ratio of 31.88, a price-to-earnings-growth ratio of 3.47 and a beta of 0.61. The business’s 50 day moving average is $174.78 and its two-hundred day moving average is $174.65. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates has a twelve month low of $157.00 and a twelve month high of $189.63.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.20 annualized dividend and a yield of 1.26%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 40.29%.

Insider Activity at Jack Henry & Associates

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the transaction, the insider now owns 138,665 shares in the company, valued at $23,756,087.80. This trade represents a 11.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

JKHY has been the topic of a number of recent research reports. UBS Group lifted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price on the stock. Finally, Stephens reissued an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.