Jack Henry & Associates’ (JKHY) “Buy” Rating Reiterated at DA Davidson

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

A number of other equities analysts have also issued reports on the company. The Goldman Sachs Group raised their price target on Jack Henry & Associates from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Robert W. Baird lifted their target price on Jack Henry & Associates from $180.00 to $200.00 and gave the company a “neutral” rating in a research note on Monday, December 15th. Keefe, Bruyette & Woods upgraded Jack Henry & Associates from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $170.00 to $215.00 in a research note on Monday, December 8th. Wall Street Zen downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Finally, Wolfe Research set a $220.00 price objective on shares of Jack Henry & Associates and gave the company an “outperform” rating in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $199.73.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $179.21 on Wednesday. The firm’s fifty day simple moving average is $183.31 and its 200-day simple moving average is $168.58. Jack Henry & Associates has a 12 month low of $144.12 and a 12 month high of $196.00. The stock has a market capitalization 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 current ratio of 1.49 and a quick ratio of 1.49.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.33. The firm had revenue of $636.11 million during the quarter, compared to analysts’ expectations of $634.42 million. Jack Henry & Associates had a net margin of 19.86% and a return on equity of 23.11%. Jack Henry & Associates’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.63 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, equities analysts forecast that Jack Henry & Associates will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 2nd were issued a $0.58 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.3%. Jack Henry & Associates’s dividend payout ratio (DPR) is 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 shares were sold at an average price of $160.83, for a total transaction of $36,508.41. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David B. Foss sold 20,000 shares of the firm’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 completion of the sale, 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. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Jack Henry & Associates

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. purchased a new position in Jack Henry & Associates in the 2nd quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd grew its holdings in Jack Henry & Associates by 3,900.0% in 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 last quarter. Quent Capital LLC purchased a new position in shares of Jack Henry & Associates in the third quarter valued at $33,000. CYBER HORNET ETFs LLC purchased a new position in shares of Jack Henry & Associates in the second quarter valued at $35,000. Finally, Private Trust Co. NA raised its stake in shares of Jack Henry & Associates by 49.0% during the 2nd quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock worth $39,000 after buying an additional 71 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

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.