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

DA Davidson restated their buy rating on shares of Jack Henry & Associates (NASDAQ:JKHY) in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a $198.00 target price on the technology company’s stock.

Several other brokerages also recently issued reports on JKHY. Weiss Ratings upgraded shares of Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Barclays raised their price objective on Jack Henry & Associates from $170.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. The Goldman Sachs Group boosted their price objective on Jack Henry & Associates from $158.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, August 20th. Oppenheimer upped their target price on Jack Henry & Associates from $208.00 to $209.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Finally, Royal Bank Of Canada increased their target price on Jack Henry & Associates from $173.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.40.

Jack Henry & Associates Trading Down 1.6%

Shares of Jack Henry & Associates stock opened at $165.64 on Wednesday. The firm has a market capitalization of $11.61 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 1.89 and a beta of 0.56. The company has a current ratio of 1.17, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The firm’s 50 day moving average is $155.39 and its 200 day moving average is $151.16. Jack Henry & Associates has a 1 year low of $121.04 and a 1 year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.13. The business had revenue of $633.10 million during the quarter, compared to analysts’ expectations of $631.60 million. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.75 EPS. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Equities research analysts forecast that Jack Henry & Associates will post 7.41 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Monday, September 7th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.5%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 35.01%.

Institutional Trading of Jack Henry & Associates

Several institutional investors have recently modified their holdings of the business. Essential Partners LLC increased its holdings in Jack Henry & Associates by 65.8% in the first quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock valued at $29,000 after purchasing an additional 73 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of Jack Henry & Associates by 3,900.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock valued at $30,000 after buying an additional 195 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Jack Henry & Associates by 2,816.7% in the 4th quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after buying an additional 169 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Jack Henry & Associates in the 2nd quarter valued at about $35,000. Finally, SJS Investment Consulting Inc. increased its stake in shares of Jack Henry & Associates by 3,933.3% in the first quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock valued at $38,000 after buying an additional 236 shares during the period. 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.