William Blair Reaffirms "Outperform" Rating for Jack Henry & Associates (NASDAQ:JKHY)

William Blair reiterated their outperform rating on shares of Jack Henry & Associates (NASDAQ:JKHY - Free Report) in a research report sent to investors on Wednesday morning, 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.

Other research analysts have also recently issued reports about the company. DA Davidson reissued a buy rating and issued a $198.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. Robert W. Baird boosted their target price 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. Wolfe Research assumed coverage on shares of Jack Henry & Associates in a report on Thursday, March 7th. They set a peer perform rating for the company. Royal Bank of Canada lifted their price target on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the stock a sector perform rating in a research note on Thursday, February 8th. Finally, StockNews.com lowered Jack Henry & Associates from a buy rating to a hold rating in a research note on Saturday, April 20th. One 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 data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $174.42.

Jack Henry & Associates Stock Performance

Shares of JKHY traded down $0.06 during mid-day trading on Wednesday, hitting $165.59. 893,319 shares of the company traded hands, compared to its average volume of 430,077. The stock has a market cap of $12.07 billion, a price-to-earnings ratio of 32.41, a P/E/G ratio of 3.84 and a beta of 0.66. The stock has a 50-day moving average price of $169.14 and a two-hundred day moving average price of $164.24. Jack Henry & Associates has a 1 year low of $136.57 and a 1 year 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.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its earnings results on Tuesday, May 7th. The technology company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.02. The business had revenue of $538.56 million during the quarter, compared to the consensus estimate of $541.80 million. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The firm's revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 EPS. Equities analysts anticipate that Jack Henry & Associates will post 5.12 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.20 annualized dividend and a dividend yield of 1.33%. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.52. Jack Henry & Associates's dividend payout ratio (DPR) is currently 43.05%.

Institutional Trading of Jack Henry & Associates

Several institutional investors and hedge funds have recently added to or reduced their stakes in JKHY. Vanguard Group Inc. boosted its holdings in shares of Jack Henry & Associates by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 8,648,977 shares of the technology company's stock valued at $1,413,329,000 after purchasing an additional 29,182 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Jack Henry & Associates by 1.3% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,742,546 shares of the technology company's stock valued at $565,648,000 after buying an additional 46,534 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in Jack Henry & Associates by 1.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,942,887 shares of the technology company's stock valued at $317,487,000 after buying an additional 24,910 shares in the last quarter. Invesco Ltd. grew its holdings in Jack Henry & Associates by 15.3% during the 3rd quarter. Invesco Ltd. now owns 1,106,851 shares of the technology company's stock valued at $167,289,000 after buying an additional 147,143 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Jack Henry & Associates by 21.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,043,098 shares of the technology company's stock worth $157,654,000 after acquiring an additional 181,811 shares during the last quarter. Institutional investors 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.