Jack Henry & Associates (NASDAQ:JKHY) Now Covered by Seaport Research Partners

Seaport Research Partners assumed coverage on shares of Jack Henry & Associates (NASDAQ:JKHY) in a research note published on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $193.00 price target on the technology company’s stock.

Several other research firms also recently weighed in on JKHY. Barclays increased 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. UBS Group reaffirmed a “neutral” rating on shares of Jack Henry & Associates in a report on Wednesday, September 16th. Piper Sandler upped their price target on shares of Jack Henry & Associates from $171.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, September 16th. The Goldman Sachs Group increased their price target on shares of Jack Henry & Associates from $158.00 to $178.00 and gave the stock a “neutral” rating in a research note on Thursday, August 20th. Finally, Wolfe Research increased their price target on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $192.18.

Jack Henry & Associates Stock Up 0.0%

Jack Henry & Associates stock opened at $147.82 on Monday. Jack Henry & Associates has a fifty-two week low of $121.04 and a fifty-two week high of $193.39. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $10.36 billion, a P/E ratio of 21.21, a PEG ratio of 1.68 and a beta of 0.56. The stock has a 50-day simple moving average of $158.04 and a 200-day simple moving average of $150.24.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.13. The firm had revenue of $633.10 million during the quarter, compared to analysts’ expectations of $631.60 million. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%.The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.75 EPS. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Equities research analysts expect that Jack Henry & Associates will post 7.33 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Monday, September 7th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, September 4th. Jack Henry & Associates’s dividend payout ratio (DPR) is 35.01%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of JKHY. Van ECK Associates Corp raised its position in Jack Henry & Associates by 1,918.2% during the 2nd quarter. Van ECK Associates Corp now owns 1,308,353 shares of the technology company’s stock worth $180,213,000 after buying an additional 1,243,526 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Jack Henry & Associates by 13,343.0% in the first quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company’s stock valued at $170,430,000 after acquiring an additional 1,070,376 shares in the last quarter. Norges Bank purchased a new stake in shares of Jack Henry & Associates in the fourth quarter valued at about $128,744,000. Bank of New York Mellon Corp purchased a new stake in shares of Jack Henry & Associates in the second quarter valued at about $87,669,000. Finally, Epoch Investment Partners Inc. increased its stake in shares of Jack Henry & Associates by 82.4% during the first quarter. Epoch Investment Partners Inc. now owns 681,587 shares of the technology company’s stock worth $107,718,000 after acquiring an additional 307,886 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company that provides software and technology services to banks, credit unions and other financial institutions. Its solutions are designed to support core processing, digital banking, payments, lending, risk management and operational workflows.

The company’s products include core banking platforms, online and mobile banking tools, payment processing services, electronic bill pay, loan origination and document management solutions, fraud prevention tools, and technology that helps financial institutions connect with third-party applications.