Jack Henry & Associates (NASDAQ:JKHY) Upgraded to Hold at Piper Sandler

Piper Sandler upgraded shares of Jack Henry & Associates (NASDAQ:JKHY) to a hold rating in a research report sent to investors on Thursday morning,Zacks reports.

A number of other equities research analysts have also recently weighed in on the stock. Wolfe Research lifted their price target on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. Royal Bank Of Canada increased their price objective on shares of Jack Henry & Associates from $173.00 to $178.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. DA Davidson reissued a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, September 2nd. Stephens restated an “overweight” rating and set a $200.00 price target on shares of Jack Henry & Associates in a research note on Tuesday, August 11th. Finally, Oppenheimer raised their price target on Jack Henry & Associates from $208.00 to $209.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.00.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $161.12 on Thursday. The stock has a market cap of $11.30 billion, a PE ratio of 23.12, a P/E/G ratio of 1.83 and a beta of 0.56. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.02. Jack Henry & Associates has a twelve month low of $121.04 and a twelve month high of $193.39. The stock has a fifty day simple moving average of $157.31 and a 200-day simple moving average of $151.24.

Jack Henry & Associates (NASDAQ:JKHY) last issued 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 firm had revenue of $633.10 million during the quarter, compared to the consensus estimate of $631.60 million. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%.The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the company earned $1.75 EPS. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Equities analysts anticipate that Jack Henry & Associates will post 7.36 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

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

Hedge Funds Weigh In On Jack Henry & Associates

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC increased its position in shares of Jack Henry & Associates by 2,816.7% during the fourth quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock worth $32,000 after acquiring an additional 169 shares during the period. Essential Partners LLC boosted 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. CYBER HORNET ETFs LLC acquired a new position in Jack Henry & Associates during the 2nd quarter worth $35,000. Caitong International Asset Management Co. Ltd grew its stake in Jack Henry & Associates by 3,900.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock worth $30,000 after purchasing an additional 195 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in Jack Henry & Associates during the 2nd quarter worth $39,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Company Profile

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.