Jack Henry & Associates, Inc. (NASDAQ:JKHY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $186.0714.

JKHY has been the subject of several recent analyst reports. Barclays started coverage on shares of Jack Henry & Associates in a report on Tuesday, July 7th. They set an “overweight” rating and a $170.00 price objective for the company. The Goldman Sachs Group cut their target price on shares of Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Morgan Stanley set a $170.00 price target on shares of Jack Henry & Associates in a research report on Friday, May 8th. UBS Group set a $165.00 price target on Jack Henry & Associates in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada lowered their price objective on Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating for the company in a report on Thursday, June 18th.

Insider Buying and Selling

In other news, CFO Mimi Carsley purchased 375 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average cost of $134.12 per share, with a total value of $50,295.00. Following the transaction, the chief financial officer owned 6,007 shares in the company, valued at approximately $805,658.84. The trade was a 6.66% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory R. Adelson purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average cost of $133.42 per share, for a total transaction of $266,840.00. Following the completion of the transaction, the chief executive officer owned 21,036 shares in the company, valued at approximately $2,806,623.12. This represents a 10.51% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.60% of the stock is currently owned by insiders.

Institutional Trading of Jack Henry & Associates

Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp lifted its position in shares of Jack Henry & Associates by 2.4% in the 3rd quarter. State Street Corp now owns 4,103,290 shares of the technology company’s stock worth $611,103,000 after buying an additional 97,140 shares during the last quarter. Invesco Ltd. grew its position in shares of Jack Henry & Associates by 9.5% during the 3rd quarter. Invesco Ltd. now owns 1,800,777 shares of the technology company’s stock valued at $268,190,000 after buying an additional 155,616 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Jack Henry & Associates by 4.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,415,221 shares of the technology company’s stock valued at $258,250,000 after buying an additional 66,633 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Jack Henry & Associates by 160.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,350,393 shares of the technology company’s stock worth $246,420,000 after acquiring an additional 831,372 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Jack Henry & Associates by 13,343.0% during the first quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company’s stock worth $170,430,000 after acquiring an additional 1,070,376 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Down 4.3%

JKHY stock opened at $154.24 on Friday. Jack Henry & Associates has a twelve month low of $121.04 and a twelve month high of $193.39. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $10.96 billion, a P/E ratio of 21.57, a PEG ratio of 2.26 and a beta of 0.57. The firm has a 50 day simple moving average of $139.67 and a 200-day simple moving average of $154.24.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.28. The business had revenue of $615.93 million during the quarter, compared to analyst estimates of $619.67 million. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. On average, equities research analysts predict that Jack Henry & Associates will post 6.84 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, June 1st were given a $0.61 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 34.13%.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.