Jack Henry & Associates, Inc. (JKHY) – What Are Researchers Thinking About This Stock?

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have been given an average recommendation of “Moderate Buy” by the nineteen research firms that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $190.00.

JKHY has been the topic of several analyst reports. Oppenheimer increased their price target on shares of Jack Henry & Associates from $208.00 to $209.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Morgan Stanley decreased their price objective on shares of Jack Henry & Associates from $170.00 to $158.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 30th. The Goldman Sachs Group boosted their price objective on shares of Jack Henry & Associates from $158.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. Royal Bank Of Canada restated an “outperform” rating and set a $178.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, September 30th. Finally, Wolfe Research upped their target price on Jack Henry & Associates from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th.

Hedge Funds Weigh In On Jack Henry & Associates

A number of institutional investors have recently modified their holdings of the business. Essential Partners LLC grew its position in Jack Henry & Associates by 65.8% in the first quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock valued at $29,000 after acquiring an additional 73 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of Jack Henry & Associates by 3,933.3% in the first quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock worth $38,000 after acquiring an additional 236 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Jack Henry & Associates in the first quarter worth about $63,000. Mather Group LLC. lifted its holdings in shares of Jack Henry & Associates by 75.1% in the third quarter. Mather Group LLC. now owns 408 shares of the technology company’s stock worth $58,000 after acquiring an additional 175 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Jack Henry & Associates by 42.0% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 433 shares of the technology company’s stock valued at $68,000 after purchasing an additional 128 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $156.47 on Friday. Jack Henry & Associates has a fifty-two week low of $121.04 and a fifty-two week high of $193.39. The stock has a fifty day moving average price of $156.56 and a 200-day moving average price of $148.85. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $10.97 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 1.77 and a beta of 0.56.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.13. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The firm had revenue of $633.10 million for the quarter, compared to the consensus estimate of $631.60 million. During the same period in the prior year, the company posted $1.75 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. As a group, equities analysts anticipate that Jack Henry & Associates will post 7.31 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Monday, September 7th were paid a $0.61 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 35.01%.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company that provides software, payment processing and related services to banks, credit unions and other financial institutions. Founded in 1976 and headquartered in Monett, Missouri, the company serves primarily U.S.-based community and regional financial institutions.

The company offers core processing platforms for banks and credit unions, including Jack Henry Banking and Symitar solutions. Its products and services support account processing, lending, deposit operations, financial reporting, digital banking, mobile banking and customer relationship management.

Jack Henry also provides payment processing, card services, electronic funds transfer capabilities, online account opening, cybersecurity, document and information management, business intelligence and other technology services.