Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives Average Rating of “Hold” from Brokerages

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been given an average rating of “Hold” by the twelve analysts that are currently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $179.5556.

JKHY has been the subject of several recent analyst reports. Raymond James Financial raised shares of Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 price objective for the company in a research note on Thursday, November 20th. Robert W. Baird set a $172.00 price target on shares of Jack Henry & Associates in a research note on Friday, October 17th. Keefe, Bruyette & Woods cut their price target on shares of Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating on the stock in a report on Wednesday, October 1st. DA Davidson decreased their price objective on shares of Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Finally, The Goldman Sachs Group upped their target price on Jack Henry & Associates from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, November 7th.

Insider Buying and Selling at Jack Henry & Associates

In related news, COO Shanon G. Mclachlan sold 227 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $160.83, for a total transaction of $36,508.41. Following the transaction, the chief operating officer directly owned 1,420 shares in the company, valued at $228,378.60. The trade was a 13.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Jack Henry & Associates

Several hedge funds have recently modified their holdings of the stock. CIBC Bancorp USA Inc. purchased a new stake in Jack Henry & Associates during the 3rd quarter worth approximately $1,496,000. Danske Bank A S purchased a new position in Jack Henry & Associates in the 3rd quarter worth $4,430,000. Caitong International Asset Management Co. Ltd lifted its position in Jack Henry & Associates by 3,900.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock worth $30,000 after acquiring an additional 195 shares during the period. Morningstar Investment Management LLC grew its stake in Jack Henry & Associates by 349.5% during the 3rd quarter. Morningstar Investment Management LLC now owns 9,364 shares of the technology company’s stock valued at $1,395,000 after purchasing an additional 7,281 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in Jack Henry & Associates by 3.0% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 56,826 shares of the technology company’s stock worth $8,589,000 after buying an additional 1,665 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Down 0.1%

Shares of JKHY stock opened at $170.58 on Tuesday. The stock has a market cap of $12.35 billion, a P/E ratio of 27.34, a PEG ratio of 2.74 and a beta of 0.76. The company’s fifty day simple moving average is $155.66 and its two-hundred day simple moving average is $167.37. Jack Henry & Associates has a 52 week low of $144.12 and a 52 week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.33. The firm had revenue of $636.11 million for the quarter, compared to analysts’ expectations of $634.42 million. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The business’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. On average, analysts anticipate that Jack Henry & Associates will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, December 2nd. Jack Henry & Associates’s dividend payout ratio is 35.26%.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.