Q3 2024 Earnings Estimate for Jack Henry & Associates, Inc. Issued By William Blair (NASDAQ:JKHY)

Jack Henry & Associates, Inc. (NASDAQ:JKHY) – Equities researchers at William Blair boosted their Q3 2024 EPS estimates for shares of Jack Henry & Associates in a report released on Thursday, May 2nd. William Blair analyst C. Kennedy now forecasts that the technology company will post earnings per share of $1.26 for the quarter, up from their previous estimate of $1.18. William Blair has a “Outperform” rating on the stock. The consensus estimate for Jack Henry & Associates’ current full-year earnings is $5.12 per share. William Blair also issued estimates for Jack Henry & Associates’ 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.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The business had revenue of $545.70 million during the quarter, compared to analysts’ expectations of $540.34 million. During the same period in the previous year, the firm posted $1.10 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis.

JKHY has been the subject of a number of other research reports. Evercore ISI lifted their price objective on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. Citigroup began coverage on shares of Jack Henry & Associates in a research note on Thursday, January 18th. They issued a “neutral” rating and a $177.00 price target for the company. Royal Bank of Canada increased their price objective on Jack Henry & Associates from $161.00 to $181.00 and gave the company a “sector perform” rating in a research note on Thursday, February 8th. Wolfe Research assumed coverage on Jack Henry & Associates in a research note on Thursday, March 7th. They set a “peer perform” rating for the company. Finally, StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, April 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus target price of $174.42.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $164.18 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market cap of $11.96 billion, a P/E ratio of 32.13, a P/E/G ratio of 3.84 and a beta of 0.66. The stock has a 50-day moving average of $169.52 and a two-hundred day moving average of $163.94. Jack Henry & Associates has a 1-year low of $136.57 and a 1-year high of $178.37.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.34%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, March 7th. Jack Henry & Associates’s dividend payout ratio is 43.05%.

Hedge Funds Weigh In On Jack Henry & Associates

Large investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its position in shares of Jack Henry & Associates by 3.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 8,572 shares of the technology company’s stock valued at $1,296,000 after purchasing an additional 249 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Jack Henry & Associates by 0.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 41,501 shares of the technology company’s stock valued at $6,273,000 after purchasing an additional 127 shares during the last quarter. Brown Advisory Inc. boosted its stake in Jack Henry & Associates by 28.2% during the 3rd quarter. Brown Advisory Inc. now owns 42,207 shares of the technology company’s stock worth $6,379,000 after purchasing an additional 9,273 shares during the period. IFM Investors Pty Ltd grew its position in Jack Henry & Associates by 11.7% during the 3rd quarter. IFM Investors Pty Ltd now owns 14,621 shares of the technology company’s stock worth $2,210,000 after purchasing an additional 1,531 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new position in Jack Henry & Associates in the third quarter valued at $823,000. Institutional investors and hedge funds 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.