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

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have received an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $190.4444.

A number of brokerages have weighed in on JKHY. Weiss Ratings reissued a “hold (c)” rating on shares of Jack Henry & Associates in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. The Goldman Sachs Group boosted their price objective on shares of Jack Henry & Associates from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Keefe, Bruyette & Woods upgraded shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $170.00 to $215.00 in a report on Monday, December 8th. Finally, Wells Fargo & Company boosted their target price 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.

Insider Activity

In other Jack Henry & Associates 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 value of $36,508.41. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David B. Foss sold 20,000 shares of the company’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 sale, the director directly owned 128,133 shares of the company’s stock, valued at $22,413,024.36. The trade was a 13.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Summit Securities Group LLC bought a new stake in shares of Jack Henry & Associates during the 1st quarter valued at $26,000. Hantz Financial Services Inc. bought a new stake in Jack Henry & Associates during the second quarter valued at about $27,000. Caitong International Asset Management Co. Ltd grew its holdings 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 valued at $30,000 after purchasing an additional 195 shares during the period. Quent Capital LLC purchased a new stake in Jack Henry & Associates in the third quarter worth about $33,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Jack Henry & Associates in the second quarter worth about $35,000. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $188.09 on Friday. The firm has a market cap of $13.61 billion, a P/E ratio of 28.59, a PEG ratio of 3.23 and a beta of 0.73. Jack Henry & Associates has a twelve month low of $144.12 and a twelve month high of $196.00. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average of $165.72 and a 200 day moving average of $167.29.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, November 4th. The technology company reported $1.97 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $634.42 million. During the same period last year, the business posted $1.63 EPS. The company’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, research analysts expect that Jack Henry & Associates will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 2nd will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, December 2nd. Jack Henry & Associates’s dividend payout ratio is 35.26%.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.