Jack Henry & Associates, Inc. (NASDAQ:JKHY) to Post FY2024 Earnings of $5.17 Per Share, William Blair Forecasts

Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) - Analysts at William Blair boosted their FY2024 earnings per share estimates for shares of Jack Henry & Associates in a research report issued to clients and investors on Wednesday, May 8th. William Blair analyst C. Kennedy now forecasts that the technology company will post earnings per share of $5.17 for the year, up from their previous estimate of $5.11. 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 $1.33 EPS, Q1 2025 earnings at $1.53 EPS, Q2 2025 earnings at $1.37 EPS, Q3 2025 earnings at $1.41 EPS and FY2025 earnings at $5.73 EPS.

A number of other research firms have also weighed in on JKHY. Citigroup initiated coverage on Jack Henry & Associates in a report on Thursday, January 18th. They set a "neutral" rating and a $177.00 target price on the stock. Wolfe Research began coverage on shares of Jack Henry & Associates in a report on Thursday, March 7th. They issued a "peer perform" rating for the company. StockNews.com downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Saturday, April 20th. DA Davidson reiterated a "buy" rating and set a $198.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. Finally, Robert W. Baird boosted their price objective on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the company a "neutral" rating in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $174.42.

Jack Henry & Associates Stock Up 0.1 %

Shares of NASDAQ JKHY traded up $0.20 during mid-day trading on Friday, hitting $169.24. The company had a trading volume of 311,915 shares, compared to its average volume of 430,330. The firm has a 50-day simple moving average of $168.89 and a two-hundred day simple moving average of $164.28. The company has a market capitalization of $12.33 billion, a PE ratio of 33.08, a price-to-earnings-growth 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 one year low of $136.57 and a one year high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.02. The firm had revenue of $538.56 million during the quarter, compared to analysts' expectations 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 revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.12 EPS.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Tuesday, May 28th will be issued a $0.55 dividend. The ex-dividend date is Friday, May 24th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.30%. Jack Henry & Associates's dividend payout ratio is presently 43.05%.

Institutional Investors Weigh In On Jack Henry & Associates

A number of institutional investors and hedge funds have recently made changes to their positions in the business. TD Asset Management Inc increased its stake in shares of Jack Henry & Associates by 327.7% during the 4th quarter. TD Asset Management Inc now owns 544,781 shares of the technology company's stock worth $89,023,000 after purchasing an additional 417,401 shares during the last quarter. APG Asset Management US Inc. bought a new position in Jack Henry & Associates in the 4th quarter worth approximately $54,552,000. Assenagon Asset Management S.A. boosted its holdings in Jack Henry & Associates by 1,587.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 347,018 shares of the technology company's stock worth $56,706,000 after buying an additional 326,448 shares during the period. Balyasny Asset Management L.P. boosted its holdings 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 worth $92,434,000 after buying an additional 277,945 shares during the period. Finally, Epoch Investment Partners Inc. boosted 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 buying an additional 208,322 shares during the period. 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.