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

Jack Henry & Associates (NASDAQ:JKHY)‘s stock had its “outperform” rating reaffirmed by equities researchers at William Blair in a research note issued 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.

Several other equities analysts have also recently weighed in on the stock. DA Davidson reaffirmed a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a research note on Tuesday, April 30th. Evercore ISI boosted their price target on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, April 20th. Citigroup assumed coverage on Jack Henry & Associates in a research report on Thursday, January 18th. They issued a “neutral” rating and a $177.00 target price on the stock. Finally, Royal Bank of Canada increased their price target on Jack Henry & Associates from $161.00 to $181.00 and gave the company a “sector perform” rating in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Jack Henry & Associates currently has an average rating of “Hold” and a consensus price target of $174.42.

Jack Henry & Associates Trading Up 2.1 %

JKHY opened at $169.04 on Wednesday. The firm’s fifty day simple moving average is $168.89 and its 200 day simple moving average is $164.28. The stock has a market capitalization of $12.32 billion, a P/E ratio of 33.08, a P/E/G ratio of 3.84 and a beta of 0.66. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.15. Jack Henry & Associates has a 12 month low of $136.57 and a 12 month high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. The company 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 company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 earnings per share. As a group, research analysts anticipate that Jack Henry & Associates will post 5.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Jack Henry & Associates

Large investors have recently modified their holdings of the stock. NBC Securities Inc. bought a new position in Jack Henry & Associates in the 3rd quarter valued at about $30,000. Planned Solutions Inc. acquired a new stake in Jack Henry & Associates during the 4th quarter worth approximately $33,000. Anchor Investment Management LLC acquired a new stake in Jack Henry & Associates during the 4th quarter worth approximately $35,000. VisionPoint Advisory Group LLC bought a new stake in Jack Henry & Associates in the 4th quarter valued at $44,000. Finally, Riverview Trust Co acquired a new position in Jack Henry & Associates in the 1st quarter valued at $51,000. 98.75% of the stock is owned by institutional investors.

About Jack Henry & Associates

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.