Jack Henry & Associates (NASDAQ:JKHY) Given Outperform Rating at William Blair

Jack Henry & Associates (NASDAQ:JKHY)‘s stock had its “outperform” rating reiterated by stock analysts 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.

A number of other equities research analysts have also recently issued reports on the stock. Citigroup started coverage on shares of Jack Henry & Associates in a report on Thursday, January 18th. They set a “neutral” rating and a $177.00 price target for the company. Robert W. Baird lifted their price target on Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, April 20th. Royal Bank of Canada upped their target price on shares of 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. Finally, Evercore ISI boosted their price objective on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a report on Tuesday, March 26th. 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $174.42.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY opened at $165.65 on Wednesday. The business’s 50-day simple moving average is $169.14 and its 200-day simple moving average is $164.24. Jack Henry & Associates has a 52 week low of $136.57 and a 52 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 firm has a market cap of $12.07 billion, a price-to-earnings ratio of 32.42, a P/E/G ratio of 3.84 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last released 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 net margin of 17.26% and a return on equity of 22.67%. The company’s quarterly 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. As a group, equities research analysts expect that Jack Henry & Associates will post 5.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Jack Henry & Associates

Institutional investors have recently added to or reduced their stakes in the company. Schwartz Investment Counsel Inc. boosted its holdings in shares of Jack Henry & Associates by 14.5% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 266,350 shares of the technology company’s stock worth $43,524,000 after acquiring an additional 33,700 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Jack Henry & Associates by 16.1% during the third quarter. Nordea Investment Management AB now owns 545,605 shares of the technology company’s stock worth $82,779,000 after purchasing an additional 75,735 shares during the last quarter. Inspire Investing LLC increased its stake in shares of Jack Henry & Associates by 5.1% in the third quarter. Inspire Investing LLC now owns 4,446 shares of the technology company’s stock valued at $672,000 after buying an additional 217 shares in the last quarter. Legacy Financial Advisors Inc. raised its holdings in shares of Jack Henry & Associates by 2.9% in the fourth quarter. Legacy Financial Advisors Inc. now owns 3,856 shares of the technology company’s stock valued at $630,000 after buying an additional 109 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its position in Jack Henry & Associates by 202.0% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,106 shares of the technology company’s stock worth $1,527,000 after buying an additional 6,760 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

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.