William Blair Equities Analysts Raise Earnings Estimates for Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) – Analysts at William Blair raised their FY2024 earnings estimates for Jack Henry & Associates in a report released on Friday, May 19th. William Blair analyst C. Kennedy now anticipates that the technology company will earn $5.30 per share for the year, up from their prior forecast of $5.26. The consensus estimate for Jack Henry & Associates’ current full-year earnings is $4.82 per share.

JKHY has been the subject of several other research reports. Stephens restated an “equal weight” rating and set a $185.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, February 8th. Keefe, Bruyette & Woods lowered their price target on shares of Jack Henry & Associates from $185.00 to $164.00 and set a “market perform” rating for the company in a report on Tuesday, April 11th. UBS Group raised shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and set a $184.00 target price on the stock in a research report on Wednesday, March 15th. Oppenheimer reduced their price target on shares of Jack Henry & Associates from $181.00 to $176.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 19th. Finally, DA Davidson dropped their price target on shares of Jack Henry & Associates from $188.00 to $180.00 in a research note on Wednesday, April 26th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $177.40.

Jack Henry & Associates Price Performance

Shares of JKHY stock opened at $148.80 on Monday. Jack Henry & Associates has a 12 month low of $139.28 and a 12 month high of $212.62. The company has a market capitalization of $10.84 billion, a PE ratio of 31.13, a price-to-earnings-growth ratio of 3.48 and a beta of 0.63. The firm’s 50-day moving average is $151.98 and its two-hundred day moving average is $168.34. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.52 and a quick ratio of 1.52.

Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last announced its earnings results on Tuesday, May 2nd. The technology company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.03. The business had revenue of $508.55 million for the quarter, compared to analyst estimates of $500.76 million. Jack Henry & Associates had a net margin of 17.24% and a return on equity of 23.71%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.16 earnings per share.

Institutional Trading of Jack Henry & Associates

Several institutional investors have recently bought and sold shares of JKHY. Trivant Custom Portfolio Group LLC acquired a new stake in shares of Jack Henry & Associates during the first quarter worth $67,000. JPMorgan Chase & Co. increased its stake in shares of Jack Henry & Associates by 19.1% during the first quarter. JPMorgan Chase & Co. now owns 1,900,968 shares of the technology company’s stock worth $286,513,000 after purchasing an additional 304,400 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of Jack Henry & Associates by 9.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 7,895 shares of the technology company’s stock worth $1,190,000 after purchasing an additional 700 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of Jack Henry & Associates by 39.0% during the first quarter. Rockefeller Capital Management L.P. now owns 2,575 shares of the technology company’s stock worth $386,000 after purchasing an additional 722 shares during the period. Finally, Chevy Chase Trust Holdings LLC grew its position in Jack Henry & Associates by 1.1% during the first quarter. Chevy Chase Trust Holdings LLC now owns 42,418 shares of the technology company’s stock worth $6,393,000 after buying an additional 462 shares in the last quarter. Institutional investors and hedge funds own 90.26% of the company’s stock.

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, Director Laura G. Kelly bought 1,000 shares of the stock in a transaction on Tuesday, March 14th. The shares were purchased at an average price of $145.29 per share, with a total value of $145,290.00. Following the acquisition, the director now directly owns 16,194 shares of the company’s stock, valued at approximately $2,352,826.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.58% of the company’s stock.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Friday, May 26th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, May 25th. Jack Henry & Associates’s dividend payout ratio is currently 43.51%.

About Jack Henry & Associates

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Jack Henry & Associates, Inc is a technology company, which engages in the provision of technology solutions and payment processing services primarily for financial services organizations. 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, general ledger transactions, and maintain centralized customer or member information.