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

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $199.7273.

JKHY has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upgraded Jack Henry & Associates from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $170.00 to $215.00 in a research report on Monday, December 8th. UBS Group increased their target price on Jack Henry & Associates from $175.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Wall Street Zen lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Stephens set a $200.00 price target on shares of Jack Henry & Associates in a research report on Friday, January 16th. Finally, Compass Point raised shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $179.00 to $187.00 in a report on Thursday, November 6th.

Insider Activity at Jack Henry & Associates

In related news, COO Shanon G. Mclachlan sold 227 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $160.83, for a total value of $36,508.41. Following the completion of the transaction, the chief operating officer owned 1,420 shares in the company, valued at $228,378.60. The trade was a 13.78% decrease in their position. The transaction 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 in the company, valued at $22,413,024.36. The trade was a 13.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC grew its position in shares of Jack Henry & Associates by 21.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company’s stock worth $384,000 after buying an additional 367 shares during the period. Empowered Funds LLC boosted its stake in Jack Henry & Associates by 8.8% during the 1st quarter. Empowered Funds LLC now owns 7,184 shares of the technology company’s stock worth $1,312,000 after acquiring an additional 584 shares during the last quarter. Woodline Partners LP grew its holdings in Jack Henry & Associates by 40.6% during the first quarter. Woodline Partners LP now owns 6,159 shares of the technology company’s stock valued at $1,125,000 after purchasing an additional 1,778 shares during the period. Jane Street Group LLC bought a new stake in Jack Henry & Associates in the first quarter valued at approximately $9,430,000. Finally, Focus Partners Wealth raised its holdings in Jack Henry & Associates by 15.1% in the first quarter. Focus Partners Wealth now owns 1,387 shares of the technology company’s stock worth $253,000 after purchasing an additional 182 shares during the period. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Up 0.7%

JKHY opened at $179.21 on Friday. The firm has a market cap of $12.97 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 3.06 and a beta of 0.73. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.49 and a current ratio of 1.49. The firm’s 50-day simple moving average is $183.31 and its 200-day simple moving average is $168.54. Jack Henry & Associates has a twelve month low of $144.12 and a twelve 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 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.33. The firm had revenue of $636.11 million for the quarter, compared to analyst estimates of $634.42 million. Jack Henry & Associates had a net margin of 19.86% and a return on equity of 23.11%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. Equities research 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 declared 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. 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%.

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.