Jack Henry & Associates (NASDAQ:JKHY) Releases FY 2023 Earnings Guidance

Jack Henry & Associates (NASDAQ:JKHYGet Rating) updated its FY 2023 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $5.05-$5.09 for the period, compared to the consensus estimate of $4.84. The company issued revenue guidance of $2.04 billion-$2.05 billion, compared to the consensus revenue estimate of $1.94 billion.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on JKHY. Credit Suisse Group upped their price target on Jack Henry & Associates from $175.00 to $180.00 and gave the stock a neutral rating in a research note on Thursday, August 18th. Evercore ISI increased their target price on Jack Henry & Associates to $175.00 in a research note on Tuesday, August 23rd. StockNews.com cut Jack Henry & Associates from a buy rating to a hold rating in a research note on Thursday, August 25th. DA Davidson cut Jack Henry & Associates from a buy rating to a neutral rating and set a $210.00 target price on the stock. in a research note on Thursday, August 18th. Finally, Morgan Stanley cut their target price on Jack Henry & Associates from $190.00 to $185.00 and set an equal weight rating on the stock in a research note on Thursday, August 18th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Jack Henry & Associates currently has an average rating of Hold and a consensus price target of $184.00.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock traded down $2.11 during trading on Friday, hitting $184.65. 12,862 shares of the company’s stock traded hands, compared to its average volume of 423,211. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.13 and a quick ratio of 1.13. Jack Henry & Associates has a 1 year low of $147.50 and a 1 year high of $212.62. The stock has a market capitalization of $13.46 billion, a P/E ratio of 37.81, a PEG ratio of 4.25 and a beta of 0.65. The business has a 50-day simple moving average of $199.51 and a 200-day simple moving average of $191.31.

Jack Henry & Associates (NASDAQ:JKHYGet Rating) last released its quarterly earnings data on Tuesday, August 16th. The technology company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.00 by $0.10. Jack Henry & Associates had a return on equity of 26.99% and a net margin of 18.68%. The company had revenue of $482.67 million for the quarter, compared to analysts’ expectations of $480.30 million. During the same period last year, the firm posted $1.04 earnings per share. Jack Henry & Associates’s revenue was up 7.2% compared to the same quarter last year. As a group, analysts forecast that Jack Henry & Associates will post 4.92 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Friday, September 9th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Thursday, September 8th. Jack Henry & Associates’s dividend payout ratio is 39.68%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Fairfield Bush & CO. bought a new position in shares of Jack Henry & Associates in the first quarter worth about $104,000. Lumature Wealth Partners LLC raised its stake in shares of Jack Henry & Associates by 73.9% in the first quarter. Lumature Wealth Partners LLC now owns 692 shares of the technology company’s stock worth $136,000 after buying an additional 294 shares during the period. Covestor Ltd raised its stake in shares of Jack Henry & Associates by 89.2% in the first quarter. Covestor Ltd now owns 872 shares of the technology company’s stock worth $172,000 after buying an additional 411 shares during the period. Cetera Advisor Networks LLC bought a new stake in Jack Henry & Associates during the 1st quarter valued at approximately $208,000. Finally, Walleye Capital LLC bought a new stake in Jack Henry & Associates during the 2nd quarter valued at approximately $215,000. Institutional investors own 90.80% of the company’s stock.

Jack Henry & Associates Company Profile

(Get Rating)

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.

Recommended Stories

Earnings History and Estimates for Jack Henry & Associates (NASDAQ:JKHY)

Receive News & Ratings for Jack Henry & Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates and related companies with MarketBeat.com's FREE daily email newsletter.