Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) – Analysts at Oppenheimer dropped their FY2023 earnings per share estimates for Jack Henry & Associates in a research note issued to investors on Wednesday, August 17th. Oppenheimer analyst D. Gabriele now forecasts that the technology company will post earnings per share of $4.71 for the year, down from their prior estimate of $5.27. The consensus estimate for Jack Henry & Associates’ current full-year earnings is $4.82 per share.
Several other analysts have also commented on the company. Credit Suisse Group raised their target price on Jack Henry & Associates from $175.00 to $180.00 and gave the stock a “neutral” rating in a report on Thursday. Royal Bank of Canada raised their target price on Jack Henry & Associates from $190.00 to $199.00 and gave the stock a “sector perform” rating in a report on Thursday. DA Davidson lowered Jack Henry & Associates from a “buy” rating to a “neutral” rating and set a $210.00 target price on the stock. in a report on Thursday. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Wednesday, August 17th. Finally, Morgan Stanley dropped their price objective on Jack Henry & Associates from $190.00 to $185.00 and set an “equal weight” rating on the stock in a report on Thursday. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $185.13.
Jack Henry & Associates Stock Up 0.4 %
Jack Henry & Associates stock opened at $204.27 on Monday. The firm has a market cap of $14.88 billion, a price-to-earnings ratio of 41.35, a price-to-earnings-growth ratio of 4.85 and a beta of 0.63. Jack Henry & Associates has a 52 week low of $147.50 and a 52 week high of $212.62. The business’s 50-day moving average price is $192.61 and its 200 day moving average price is $187.73. The company has a quick ratio of 1.47, a current ratio of 1.21 and a debt-to-equity ratio of 0.17.
Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last announced its quarterly earnings data on Tuesday, August 16th. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.10. Jack Henry & Associates had a return on equity of 26.99% and a net margin of 18.68%. The firm had revenue of $482.67 million during the quarter, compared to analysts’ expectations of $480.30 million. During the same period last year, the business posted $1.04 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year.
Hedge Funds Weigh In On Jack Henry & Associates
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Walker Asset Management LLC lifted its position in shares of Jack Henry & Associates by 6,064.1% in the second quarter. Walker Asset Management LLC now owns 15,291,939 shares of the technology company’s stock valued at $2,863,830,000 after acquiring an additional 15,043,859 shares in the last quarter. APG Asset Management N.V. lifted its position in Jack Henry & Associates by 160.9% during the first quarter. APG Asset Management N.V. now owns 4,422,791 shares of the technology company’s stock worth $783,275,000 after buying an additional 2,727,700 shares in the last quarter. State Street Corp lifted its position in Jack Henry & Associates by 2.0% during the fourth quarter. State Street Corp now owns 3,271,090 shares of the technology company’s stock worth $546,239,000 after buying an additional 65,054 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in Jack Henry & Associates by 1.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,946,746 shares of the technology company’s stock worth $492,083,000 after buying an additional 29,493 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Jack Henry & Associates by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,564,435 shares of the technology company’s stock worth $260,687,000 after buying an additional 28,883 shares in the last quarter. Hedge funds and other institutional investors own 89.58% of the company’s stock.
Jack Henry & Associates Company Profile
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Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.
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