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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has earned a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $190.4444.

Several research analysts have recently weighed in on JKHY shares. Wall Street Zen cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Compass Point raised shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $179.00 to $187.00 in a research note on Thursday, November 6th. Wells Fargo & Company increased their price target on shares of Jack Henry & Associates from $161.00 to $164.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th. Royal Bank Of Canada upgraded shares of Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $185.00 to $210.00 in a report on Tuesday, December 16th. Finally, The Goldman Sachs Group upped their price objective on Jack Henry & Associates from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, November 7th.

Jack Henry & Associates Stock Up 2.3%

JKHY stock opened at $185.56 on Wednesday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $174.09 and a two-hundred day moving average of $167.57. Jack Henry & Associates has a 12 month low of $144.12 and a 12 month high of $196.00. The company has a market cap of $13.43 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 3.13 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.33. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 19.86%.The business had revenue of $636.11 million during the quarter, compared to analyst estimates of $634.42 million. During the same period in the prior year, the business earned $1.63 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, analysts forecast that Jack Henry & Associates will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 2nd were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, December 2nd. Jack Henry & Associates’s dividend payout ratio is 35.26%.

Insiders Place Their Bets

In related news, COO Shanon G. Mclachlan sold 227 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $160.83, for a total transaction of $36,508.41. Following the completion of the sale, the chief operating officer directly owned 1,420 shares of the company’s stock, valued at approximately $228,378.60. This trade represents a 13.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David B. Foss sold 20,000 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $174.92, for a total transaction of $3,498,400.00. Following the completion of the sale, the director owned 128,133 shares in the company, valued at approximately $22,413,024.36. This trade represents a 13.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Jack Henry & Associates

Hedge funds have recently made changes to their positions in the stock. Martin Capital Partners LLC lifted its stake in Jack Henry & Associates by 8.5% during the fourth quarter. Martin Capital Partners LLC now owns 5,197 shares of the technology company’s stock worth $948,000 after purchasing an additional 409 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of Jack Henry & Associates by 22.5% in the 4th quarter. Park Avenue Securities LLC now owns 6,322 shares of the technology company’s stock valued at $1,154,000 after buying an additional 1,161 shares during the period. GAMMA Investing LLC lifted its stake in Jack Henry & Associates by 35.0% during the 4th quarter. GAMMA Investing LLC now owns 3,245 shares of the technology company’s stock worth $592,000 after acquiring an additional 842 shares in the last quarter. IFP Advisors Inc boosted its holdings in Jack Henry & Associates by 41.4% during the 3rd quarter. IFP Advisors Inc now owns 2,075 shares of the technology company’s stock valued at $323,000 after acquiring an additional 608 shares during the period. Finally, Swiss Life Asset Management Ltd boosted its holdings in Jack Henry & Associates by 1.9% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 20,184 shares of the technology company’s stock valued at $3,006,000 after acquiring an additional 374 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Company Profile

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.