Zacks lowered shares of Jack Henry & Associates (NASDAQ:JKHY) from an outperform rating to a neutral rating in a research note issued to investors on Wednesday morning, American Banking and Market News reports. Zacks currently has $59.80 price objective on the stock.
Zacks has also modified their ratings on a number of other information technology stocks in the few days. The firm downgraded shares of Lender Processing Services Inc. from a neutral rating to an underperform rating. Their analysts now have a $32.00 price target on that stock. Also, Zacks reiterated its outperform rating on shares of Visa Inc.. They have a $2.00 price target on that stock.
Shares of Jack Henry & Associates (NASDAQ:JKHY) opened at 56.845 on Wednesday. Jack Henry & Associates has a 52 week low of $37.90 and a 52 week high of $57.51. The stock has a 50-day moving average of $55.55 and a 200-day moving average of $50.88. The company has a market cap of $4.865 billion and a price-to-earnings ratio of 26.68.
Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, November 5th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $295.60 million for the quarter, compared to the consensus estimate of $294.68 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts expect that Jack Henry & Associates will post $2.33 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 17th. Investors of record on Monday, December 2nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Wednesday, November 27th.
Jack Henry & Associates, Inc (NASDAQ:JKHY) is a provider of core information processing solutions for community banks.
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