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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $200.4167.

A number of analysts recently weighed in on JKHY shares. Weiss Ratings raised shares of Jack Henry & Associates from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 11th. Morgan Stanley lifted their price objective on Jack Henry & Associates from $168.00 to $183.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Stephens upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective on the stock in a research note on Thursday, February 5th. Robert W. Baird raised Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 target price for the company in a report on Thursday, February 5th. Finally, Royal Bank Of Canada upgraded Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $185.00 to $210.00 in a research report on Tuesday, December 16th.

Institutional Investors Weigh In On Jack Henry & Associates

Institutional investors and hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC increased its position in shares of Jack Henry & Associates by 2,816.7% during the 4th quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock worth $32,000 after purchasing an additional 169 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in Jack Henry & Associates in the second quarter valued at about $35,000. Caitong International Asset Management Co. Ltd grew its stake in Jack Henry & Associates by 3,900.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock worth $30,000 after buying an additional 195 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in Jack Henry & Associates during the second quarter worth about $39,000. Finally, Quent Capital LLC acquired a new stake in shares of Jack Henry & Associates during the third quarter worth approximately $33,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Up 0.6%

JKHY opened at $165.38 on Monday. Jack Henry & Associates has a fifty-two week low of $144.12 and a fifty-two week high of $193.39. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.60 and a quick ratio of 1.60. The firm’s fifty day moving average price is $171.65 and its two-hundred day moving average price is $168.02. The company has a market capitalization of $11.94 billion, a P/E ratio of 23.76, a P/E/G ratio of 2.50 and a beta of 0.72.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.29. The company had revenue of $611.18 million during the quarter, compared to analysts’ expectations of $608.46 million. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.34 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. On average, analysts anticipate that Jack Henry & Associates will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Thursday, March 5th will be paid a dividend of $0.61 per share. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.58. This represents a $2.44 annualized dividend and a yield of 1.5%. The ex-dividend date is Thursday, March 5th. Jack Henry & Associates’s dividend payout ratio is currently 35.06%.

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.