Jack Henry & Associates (NASDAQ:JKHY) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Jack Henry & Associates (NASDAQ:JKHY) from a buy rating to a hold rating in a report published on Sunday.

Several other brokerages also recently weighed in on JKHY. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jack Henry & Associates in a report on Wednesday, October 8th. Robert W. Baird set a $172.00 price objective on Jack Henry & Associates in a research report on Friday, October 17th. Keefe, Bruyette & Woods cut their target price on Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating for the company in a research report on Wednesday, October 1st. Wells Fargo & Company lifted their target price on Jack Henry & Associates from $161.00 to $164.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Royal Bank Of Canada lowered their price target on Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating on the stock in a report on Thursday, August 21st. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $177.25.

Jack Henry & Associates Price Performance

Shares of JKHY stock traded up $1.81 during trading hours on Friday, reaching $162.61. 850,694 shares of the company traded hands, compared to its average volume of 743,176. The firm has a 50-day moving average price of $154.60 and a 200 day moving average price of $167.91. The company has a market cap of $11.82 billion, a P/E ratio of 26.06, a P/E/G ratio of 2.74 and a beta of 0.76. Jack Henry & Associates has a 12-month low of $144.12 and a 12-month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, November 4th. The technology company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.33. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The company had revenue of $636.11 million for the quarter, compared to analysts’ expectations of $634.42 million. During the same quarter last year, the business earned $1.63 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. Sell-side analysts predict that Jack Henry & Associates will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a yield of 1.4%. Jack Henry & Associates’s dividend payout ratio is presently 35.26%.

Institutional Trading of Jack Henry & Associates

A number of large investors have recently made changes to their positions in the business. Assetmark Inc. grew its position in shares of Jack Henry & Associates by 147.5% during the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock worth $46,000 after buying an additional 149 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Jack Henry & Associates by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 625,991 shares of the technology company’s stock worth $114,306,000 after acquiring an additional 6,342 shares during the period. Benjamin Edwards Inc. grew its holdings in Jack Henry & Associates by 16.8% during the 1st quarter. Benjamin Edwards Inc. now owns 151,291 shares of the technology company’s stock worth $27,626,000 after acquiring an additional 21,777 shares in the last quarter. Jane Street Group LLC purchased a new position in Jack Henry & Associates during the 1st quarter valued at about $9,430,000. Finally, New Age Alpha Advisors LLC increased its position in Jack Henry & Associates by 43.8% during the 1st quarter. New Age Alpha Advisors LLC now owns 5,234 shares of the technology company’s stock valued at $956,000 after purchasing an additional 1,593 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.