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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has earned a consensus rating of “Moderate Buy” from the eighteen analysts that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $192.1765.

A number of research analysts have commented on JKHY shares. Stephens restated an “overweight” rating and set a $200.00 price objective on shares of Jack Henry & Associates in a research note on Tuesday, August 11th. Weiss Ratings raised shares of Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 20th. Royal Bank Of Canada reissued an “outperform” rating and set a $178.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, September 16th. Oppenheimer upped their target price on shares of Jack Henry & Associates from $208.00 to $209.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Finally, DA Davidson reaffirmed a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a report on Wednesday, September 2nd.

Institutional Trading of Jack Henry & Associates

A number of hedge funds and other institutional investors have recently modified their holdings of JKHY. Northwestern Mutual Wealth Management Co. grew its stake in Jack Henry & Associates by 6,728.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company’s stock worth $113,420,000 after purchasing an additional 612,444 shares in the last quarter. Dai ichi Life Insurance Company Ltd raised its stake in Jack Henry & Associates by 231.1% during the first quarter. Dai ichi Life Insurance Company Ltd now owns 21,102 shares of the technology company’s stock valued at $3,335,000 after buying an additional 14,728 shares in the last quarter. Swedbank AB lifted its holdings in Jack Henry & Associates by 230.2% during the 4th quarter. Swedbank AB now owns 143,787 shares of the technology company’s stock worth $26,238,000 after buying an additional 100,239 shares during the last quarter. Amica Mutual Insurance Co. grew its position in shares of Jack Henry & Associates by 60.4% in the 4th quarter. Amica Mutual Insurance Co. now owns 48,570 shares of the technology company’s stock worth $8,863,000 after acquiring an additional 18,283 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Jack Henry & Associates in the 1st quarter valued at approximately $3,569,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $154.85 on Monday. Jack Henry & Associates has a 52-week low of $121.04 and a 52-week high of $193.39. The firm has a fifty day moving average of $158.26 and a 200-day moving average of $151.13. The firm has a market capitalization of $10.86 billion, a P/E ratio of 22.22, a PEG ratio of 1.76 and a beta of 0.56. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.02.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.13. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The business had revenue of $633.10 million for the quarter, compared to analyst estimates of $631.60 million. During the same quarter in the previous year, the business posted $1.75 EPS. The business’s quarterly 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. As a group, analysts predict that Jack Henry & Associates will post 7.33 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Monday, September 7th will be issued a $0.61 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.44 dividend on an annualized basis and a yield of 1.6%. Jack Henry & Associates’s payout ratio is currently 35.01%.

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.