Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives Average Rating of “Moderate Buy” from Analysts

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has received an average rating of “Moderate Buy” from the fourteen brokerages that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $192.0769.

Several analysts recently commented on JKHY shares. DA Davidson reiterated a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a research report on Monday, May 11th. Weiss Ratings downgraded shares of Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 27th. Royal Bank Of Canada cut their price objective on shares of Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Loop Capital began coverage on shares of Jack Henry & Associates in a research report on Tuesday, March 31st. They set a “buy” rating and a $197.00 price objective for the company. Finally, Stephens upgraded shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a research report on Thursday, February 5th.

Jack Henry & Associates Stock Up 2.1%

JKHY stock opened at $136.87 on Tuesday. The company has a fifty day moving average price of $155.81 and a 200 day moving average price of $167.40. Jack Henry & Associates has a 12 month low of $132.36 and a 12 month high of $193.39. The company has a market cap of $9.72 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 2.03 and a beta of 0.63. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.74 and a quick ratio of 1.74.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.43 by $0.28. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. The firm had revenue of $615.93 million during the quarter, compared to the consensus estimate of $619.67 million. During the same quarter in the prior year, the firm earned $1.52 EPS. Jack Henry & Associates’s revenue for the quarter was up 8.7% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. Sell-side analysts expect that Jack Henry & Associates will post 6.75 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, June 1st will be given a dividend of $0.61 per share. The ex-dividend date is Monday, June 1st. This represents a $2.44 dividend on an annualized basis and a yield of 1.8%. Jack Henry & Associates’s dividend payout ratio is presently 34.13%.

Insiders Place Their Bets

In other news, CEO Gregory R. Adelson acquired 2,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was bought at an average price of $133.42 per share, for a total transaction of $266,840.00. Following the transaction, the chief executive officer owned 21,036 shares in the company, valued at $2,806,623.12. This represents a 10.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mimi Carsley acquired 375 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $134.12 per share, with a total value of $50,295.00. Following the transaction, the chief financial officer owned 6,007 shares in the company, valued at $805,658.84. The trade was a 6.66% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Jack Henry & Associates

A number of large investors have recently made changes to their positions in JKHY. Caitong International Asset Management Co. Ltd increased its holdings 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 purchasing an additional 195 shares in the last quarter. Larson Financial Group LLC increased its holdings 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 purchasing an additional 169 shares in the last quarter. Quent Capital LLC purchased a new position in shares of Jack Henry & Associates in the 3rd quarter valued at about $33,000. CYBER HORNET ETFs LLC purchased a new position in shares of Jack Henry & Associates in the 2nd quarter valued at about $35,000. Finally, SJS Investment Consulting Inc. increased its holdings in shares of Jack Henry & Associates by 3,933.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock valued at $38,000 after purchasing an additional 236 shares in the last quarter. Hedge funds and other 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.