Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock Has Consensus Price Target of $191.47

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have received a consensus rating of “Moderate Buy” from the eighteen ratings firms that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $191.47.

JKHY has been the subject of a number of research analyst reports. KeyCorp assumed coverage on shares of Jack Henry & Associates in a research report on Monday, September 14th. They set an “overweight” rating and a $190.00 price objective for the company. Oppenheimer increased their price objective on shares of Jack Henry & Associates from $208.00 to $209.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Seaport Research Partners initiated coverage on shares of Jack Henry & Associates in a research report on Monday, September 28th. They issued a “buy” rating and a $193.00 target price on the stock. UBS Group reissued a “neutral” rating on shares of Jack Henry & Associates in a research note on Wednesday, September 16th. Finally, The Goldman Sachs Group boosted their target price 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.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $149.31 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $10.47 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 1.70 and a beta of 0.56. The stock has a 50 day simple moving average of $156.76 and a 200-day simple moving average of $148.94. 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 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. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%. The firm had revenue of $633.10 million for the quarter, compared to analyst estimates of $631.60 million. During the same quarter last year, the firm posted $1.75 EPS. The business’s revenue was up 4.6% on a year-over-year basis. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. On average, equities research analysts expect that Jack Henry & Associates will post 7.31 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Monday, September 7th were paid a $0.61 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.44 dividend on an annualized basis and a yield of 1.6%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 35.01%.

Institutional Investors Weigh In On Jack Henry & Associates

Institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in Jack Henry & Associates by 1,918.2% in the second quarter. Van ECK Associates Corp now owns 1,308,353 shares of the technology company’s stock valued at $180,213,000 after purchasing an additional 1,243,526 shares during the period. Janus Henderson Group PLC grew its stake in Jack Henry & Associates by 13,343.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company’s stock worth $170,430,000 after purchasing an additional 1,070,376 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Jack Henry & Associates during the 2nd quarter worth $87,669,000. Epoch Investment Partners Inc. increased its holdings in Jack Henry & Associates by 82.4% during the 1st quarter. Epoch Investment Partners Inc. now owns 681,587 shares of the technology company’s stock worth $107,718,000 after purchasing an additional 307,886 shares during the period. Finally, Quantinno Capital Management LP increased its holdings in Jack Henry & Associates by 214.3% during the 1st quarter. Quantinno Capital Management LP now owns 419,286 shares of the technology company’s stock worth $66,264,000 after purchasing an additional 285,893 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company that provides software, payment processing and related services to banks, credit unions and other financial institutions. Founded in 1976 and headquartered in Monett, Missouri, the company serves primarily U.S.-based community and regional financial institutions.

The company offers core processing platforms for banks and credit unions, including Jack Henry Banking and Symitar solutions. Its products and services support account processing, lending, deposit operations, financial reporting, digital banking, mobile banking and customer relationship management.

Jack Henry also provides payment processing, card services, electronic funds transfer capabilities, online account opening, cybersecurity, document and information management, business intelligence and other technology services.