Zacks Research Comments on Jack Henry & Associates, Inc.’s Q4 2024 Earnings (NASDAQ:JKHY)

Jack Henry & Associates, Inc. (NASDAQ:JKHY) – Analysts at Zacks Research cut their Q4 2024 earnings estimates for Jack Henry & Associates in a research report issued to clients and investors on Tuesday, May 7th. Zacks Research analyst S. Mete now expects that the technology company will earn $1.29 per share for the quarter, down from their previous estimate of $1.30. The consensus estimate for Jack Henry & Associates’ current full-year earnings is $5.12 per share.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.02. The business had revenue of $538.56 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.12 EPS.

A number of other equities analysts also recently issued reports on JKHY. Evercore ISI lifted 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. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, April 20th. DA Davidson reaffirmed a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. Royal Bank of Canada raised their price objective on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a report on Thursday, February 8th. Finally, Citigroup initiated coverage on Jack Henry & Associates in a research note on Thursday, January 18th. They issued a “neutral” rating and a $177.00 price objective on the stock. One 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.com, the company presently has a consensus rating of “Hold” and an average price target of $174.42.

Jack Henry & Associates Stock Down 0.0 %

JKHY stock opened at $165.59 on Thursday. The firm has a market capitalization of $12.07 billion, a PE ratio of 32.41, a P/E/G ratio of 3.84 and a beta of 0.66. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.15. Jack Henry & Associates has a twelve month low of $136.57 and a twelve month high of $178.37. The stock’s 50 day moving average is $168.98 and its 200-day moving average is $164.25.

Hedge Funds Weigh In On Jack Henry & Associates

Institutional investors have recently modified their holdings of the company. Schwartz Investment Counsel Inc. raised its stake in shares of Jack Henry & Associates by 14.5% during the fourth 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 boosted its position in 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 valued at $82,779,000 after buying an additional 75,735 shares during the period. Inspire Investing LLC grew its stake in shares of Jack Henry & Associates by 5.1% during 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 during the last quarter. Legacy Financial Advisors Inc. increased 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 worth $630,000 after buying an additional 109 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Jack Henry & Associates by 202.0% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,106 shares of the technology company’s stock valued at $1,527,000 after acquiring an additional 6,760 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were paid 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 yield of 1.33%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s payout ratio is 43.05%.

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.