Jack Henry & Associates (JKHY) – Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for Jack Henry & Associates (NASDAQ: JKHY):

• 11/7/2024 – Jack Henry & Associates had its price target raised by analysts at Royal Bank of Canada from $181.00 to $203.00. They now have a “sector perform” rating on the stock.
• 11/7/2024 – Jack Henry & Associates had its price target raised by analysts at UBS Group AG from $180.00 to $190.00. They now have a “neutral” rating on the stock.
• 11/7/2024 – Jack Henry & Associates had its price target raised by analysts at Keefe, Bruyette & Woods from $180.00 to $190.00. They now have a “market perform” rating on the stock.
• 11/7/2024 – Jack Henry & Associates was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/6/2024 – Jack Henry & Associates was downgraded by analysts at William Blair from a “strong-buy” rating to a “hold” rating.
• 11/6/2024 – Jack Henry & Associates had its “equal weight” rating reaffirmed by analysts at Stephens. They now have a $170.00 price target on the stock.
• 10/17/2024 – Jack Henry & Associates had its price target raised by analysts at Robert W. Baird from $186.00 to $195.00. They now have a “neutral” rating on the stock.
• 10/1/2024 – Jack Henry & Associates is now covered by analysts at Oppenheimer Holdings Inc.. They set an “outperform” rating and a $206.00 price target on the stock.

Jack Henry & Associates Stock Down 1.2 %

NASDAQ JKHY opened at $174.95 on Thursday. The company has a market capitalization of $12.76 billion, a price-to-earnings ratio of 32.04, a PEG ratio of 3.34 and a beta of 0.63. The company has a current ratio of 1.11, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 1-year low of $151.05 and a 1-year high of $189.63. The stock’s 50 day moving average is $179.40 and its two-hundred day moving average is $170.87.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The firm had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. During the same quarter in the prior year, the business earned $1.39 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts forecast that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.26%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 40.29%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in JKHY. Principal Financial Group Inc. lifted its holdings in Jack Henry & Associates by 188.4% in the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock valued at $46,819,000 after buying an additional 184,210 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Jack Henry & Associates by 51.4% during the 2nd quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company’s stock valued at $83,665,000 after buying an additional 171,041 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Jack Henry & Associates by 6,680.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock worth $19,158,000 after acquiring an additional 113,696 shares during the period. Tandem Investment Advisors Inc. increased its holdings in shares of Jack Henry & Associates by 20.4% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 502,926 shares of the technology company’s stock worth $83,496,000 after buying an additional 85,175 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Jack Henry & Associates by 207.3% in the 2nd quarter. SG Americas Securities LLC now owns 122,075 shares of the technology company’s stock worth $20,267,000 after buying an additional 82,351 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

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.