Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives $184.56 Consensus PT from Brokerages

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has received a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $190.4444.

A number of research firms have weighed in on JKHY. DA Davidson lowered their price target on Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Compass Point upgraded Jack Henry & Associates from a “neutral” rating to a “buy” rating and increased their price objective for the company from $179.00 to $187.00 in a research report on Thursday, November 6th. Wells Fargo & Company raised their price objective on Jack Henry & Associates from $161.00 to $164.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. Royal Bank Of Canada raised Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $185.00 to $210.00 in a research note on Tuesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Jack Henry & Associates in a research note on Wednesday, October 8th.

Jack Henry & Associates Trading Up 0.1%

Shares of Jack Henry & Associates stock opened at $184.50 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.49 and a quick ratio of 1.49. Jack Henry & Associates has a 1 year low of $144.12 and a 1 year high of $196.00. The firm has a market cap of $13.35 billion, a PE ratio of 28.04, a PEG ratio of 3.18 and a beta of 0.73. The company has a 50 day simple moving average of $167.08 and a two-hundred day simple moving average of $167.44.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.33. Jack Henry & Associates had a net margin of 19.86% and a return on equity of 23.11%. The firm had revenue of $636.11 million for the quarter, compared to analysts’ expectations of $634.42 million. During the same quarter last year, the company posted $1.63 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. Analysts expect that Jack Henry & Associates will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 2nd will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 35.26%.

Insider Activity

In other Jack Henry & Associates news, COO Shanon G. Mclachlan sold 227 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $160.83, for a total transaction of $36,508.41. Following the completion of the sale, the chief operating officer directly owned 1,420 shares in the company, valued at $228,378.60. This represents a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David B. Foss sold 20,000 shares of Jack Henry & Associates stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $174.92, for a total value of $3,498,400.00. Following the completion of the transaction, the director owned 128,133 shares in the company, valued at approximately $22,413,024.36. This represents a 13.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Jack Henry & Associates

A number of large investors have recently bought and sold shares of the stock. Blue Trust Inc. boosted its stake in shares of Jack Henry & Associates by 11.3% during the second quarter. Blue Trust Inc. now owns 670 shares of the technology company’s stock valued at $121,000 after purchasing an additional 68 shares during the period. Advisory Services Network LLC raised its holdings in Jack Henry & Associates by 2.6% during the 2nd quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company’s stock valued at $466,000 after buying an additional 69 shares during the last quarter. Private Trust Co. NA boosted its position in Jack Henry & Associates by 49.0% during the 2nd quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock valued at $39,000 after buying an additional 71 shares during the period. Phillips Wealth Planners LLC grew its holdings in Jack Henry & Associates by 4.7% in the 2nd quarter. Phillips Wealth Planners LLC now owns 1,611 shares of the technology company’s stock worth $290,000 after acquiring an additional 73 shares during the last quarter. Finally, CX Institutional increased its position in shares of Jack Henry & Associates by 6.3% in the second quarter. CX Institutional now owns 1,264 shares of the technology company’s stock valued at $228,000 after acquiring an additional 75 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

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.