Jack Henry & Associates (NASDAQ:JKHY) Given Buy Rating at DA Davidson

DA Davidson reiterated their buy rating on shares of Jack Henry & Associates (NASDAQ:JKHY) in a report issued on Wednesday morning,Benzinga reports. They currently have a $190.00 price target on the technology company’s stock.

JKHY has been the subject of several other reports. Royal Bank Of Canada upgraded shares of Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $185.00 to $210.00 in a report on Tuesday, December 16th. Wall Street Zen lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. UBS Group lifted their price target on Jack Henry & Associates from $175.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Wolfe Research set a $220.00 price objective on Jack Henry & Associates and gave the company an “outperform” rating in a report on Thursday, January 8th. Finally, Wells Fargo & Company raised their target price on 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. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $195.82.

Jack Henry & Associates Stock Up 0.5%

JKHY opened at $179.81 on Wednesday. The stock’s 50 day moving average price is $182.94 and its 200 day moving average price is $168.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market cap of $13.01 billion, a P/E ratio of 27.33, a P/E/G ratio of 3.08 and a beta of 0.73. Jack Henry & Associates has a 12 month low of $144.12 and a 12 month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly 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 company had revenue of $636.11 million during the quarter, compared to analysts’ expectations of $634.42 million. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 19.86%.The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.63 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, research analysts predict that Jack Henry & Associates will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

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

Insiders Place Their Bets

In other news, COO Shanon G. Mclachlan sold 227 shares of the company’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 completion of the sale, the chief operating officer directly owned 1,420 shares of the company’s stock, valued at $228,378.60. This represents a 13.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David B. Foss sold 20,000 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $174.92, for a total value of $3,498,400.00. Following the completion of the transaction, the director owned 128,133 shares of the company’s stock, valued at $22,413,024.36. This trade represents a 13.50% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JKHY. Artisan Partners Limited Partnership bought a new stake in shares of Jack Henry & Associates in the 2nd quarter worth approximately $74,302,000. Apollon Wealth Management LLC increased its position in shares of Jack Henry & Associates by 270.6% during the third quarter. Apollon Wealth Management LLC now owns 13,927 shares of the technology company’s stock valued at $2,074,000 after purchasing an additional 10,169 shares during the period. Modera Wealth Management LLC acquired a new position in shares of Jack Henry & Associates in the third quarter valued at $3,298,000. Bayforest Capital Ltd bought a new position in Jack Henry & Associates in the third quarter worth $998,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Jack Henry & Associates by 9.2% during the second quarter. Nomura Asset Management Co. Ltd. now owns 31,872 shares of the technology company’s stock worth $5,742,000 after buying an additional 2,680 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

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.