Jack Henry & Associates (NASDAQ:JKHY) Now Covered by Analysts at Loop Capital

Loop Capital assumed coverage on shares of Jack Henry & Associates (NASDAQ:JKHY) in a research note released on Tuesday, Marketbeat Ratings reports. The firm issued a buy rating and a $197.00 price target on the technology company’s stock.

Other research analysts have also recently issued reports about the stock. Weiss Ratings cut shares of Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Stephens upgraded shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 target price for the company in a research report on Thursday, February 5th. DA Davidson reissued a “buy” rating and issued a $216.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, February 4th. Keefe, Bruyette & Woods raised shares of 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 report on Monday, December 8th. Finally, Morgan Stanley raised their price objective on shares of Jack Henry & Associates from $168.00 to $183.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.15.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $158.04 on Tuesday. The firm has a market cap of $11.41 billion, a P/E ratio of 22.71, a price-to-earnings-growth ratio of 2.36 and a beta of 0.72. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $167.14 and its 200-day moving average is $167.84. Jack Henry & Associates has a 12-month low of $144.12 and a 12-month high of $193.39.

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

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Thursday, March 5th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, March 5th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.58. This represents a $2.44 annualized dividend and a yield of 1.5%. Jack Henry & Associates’s dividend payout ratio is 35.06%.

Hedge Funds Weigh In On Jack Henry & Associates

Several institutional investors have recently bought and sold shares of JKHY. Hsbc Holdings PLC increased its stake in Jack Henry & Associates by 4.3% during the fourth quarter. Hsbc Holdings PLC now owns 148,535 shares of the technology company’s stock worth $27,120,000 after acquiring an additional 6,163 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Jack Henry & Associates by 98.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 11,077 shares of the technology company’s stock valued at $2,021,000 after purchasing an additional 5,492 shares during the last quarter. World Investment Advisors boosted its holdings in shares of Jack Henry & Associates by 4.6% in the 4th quarter. World Investment Advisors now owns 4,240 shares of the technology company’s stock worth $774,000 after purchasing an additional 187 shares during the period. Corient Private Wealth LLC boosted its holdings in shares of Jack Henry & Associates by 29.3% in the 4th quarter. Corient Private Wealth LLC now owns 14,374 shares of the technology company’s stock worth $2,624,000 after purchasing an additional 3,261 shares during the period. Finally, DGS Capital Management LLC bought a new position in shares of Jack Henry & Associates during the 4th quarter valued at approximately $328,000. Institutional investors own 98.75% of the company’s stock.

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.