Jack Henry & Associates (NASDAQ:JKHY) Rating Reiterated by William Blair

William Blair reaffirmed their outperform rating on shares of Jack Henry & Associates (NASDAQ:JKHY) in a research note published on Wednesday, RTT News reports. William Blair also issued estimates for Jack Henry & Associates’ Q3 2024 earnings at $1.26 EPS, Q4 2024 earnings at $1.16 EPS, Q2 2025 earnings at $1.56 EPS, Q3 2025 earnings at $1.40 EPS and Q4 2025 earnings at $1.28 EPS.

Other equities research analysts have also recently issued reports about the stock. StockNews.com cut shares of Jack Henry & Associates from a buy rating to a hold rating in a research report on Saturday, April 20th. Royal Bank of Canada increased their price objective on Jack Henry & Associates from $161.00 to $181.00 and gave the stock a sector perform rating in a research note on Thursday, February 8th. DA Davidson restated a buy rating and set a $198.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, April 30th. Robert W. Baird upped their target price on Jack Henry & Associates from $180.00 to $186.00 and gave the stock a neutral rating in a report on Wednesday, April 17th. Finally, Citigroup assumed coverage on Jack Henry & Associates in a research report on Thursday, January 18th. They set a neutral rating and a $177.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Jack Henry & Associates has an average rating of Hold and an average price target of $174.42.

Jack Henry & Associates Trading Down 0.0 %

Shares of NASDAQ JKHY opened at $165.59 on Wednesday. Jack Henry & Associates has a fifty-two week low of $136.57 and a fifty-two week high of $178.37. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 32.41, a PEG ratio of 3.84 and a beta of 0.66. The business’s 50 day moving average price is $168.98 and its 200-day moving average price is $164.25.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.02. The business had revenue of $538.56 million for the quarter, compared to analyst estimates of $541.80 million. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.12 earnings per share. On average, sell-side analysts expect that Jack Henry & Associates will post 5.12 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were issued a dividend of $0.55 per share. The ex-dividend date was Thursday, March 7th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.33%. Jack Henry & Associates’s payout ratio is 43.05%.

Institutional Investors Weigh In On Jack Henry & Associates

A number of large investors have recently bought and sold shares of the company. TD Asset Management Inc boosted its holdings in Jack Henry & Associates by 327.7% in the fourth quarter. TD Asset Management Inc now owns 544,781 shares of the technology company’s stock valued at $89,023,000 after purchasing an additional 417,401 shares during the last quarter. APG Asset Management US Inc. purchased a new stake in shares of Jack Henry & Associates during the 4th quarter worth about $54,552,000. Assenagon Asset Management S.A. grew its holdings in Jack Henry & Associates by 1,587.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 347,018 shares of the technology company’s stock valued at $56,706,000 after purchasing an additional 326,448 shares during the period. Balyasny Asset Management L.P. grew its stake in Jack Henry & Associates by 96.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 565,659 shares of the technology company’s stock valued at $92,434,000 after acquiring an additional 277,945 shares during the period. Finally, Epoch Investment Partners Inc. increased its holdings in Jack Henry & Associates by 250.4% in the 4th quarter. Epoch Investment Partners Inc. now owns 291,514 shares of the technology company’s stock worth $47,636,000 after acquiring an additional 208,322 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Company Profile

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.