Jack Henry & Associates (NASDAQ:JKHY) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Jack Henry & Associates (NASDAQ:JKHY) from a market perform rating to an outperform rating in a report issued on Monday morning, MarketBeat reports. Keefe, Bruyette & Woods currently has $215.00 price objective on the technology company’s stock, up from their previous price objective of $170.00.

JKHY has been the subject of a number of other reports. Wells Fargo & Company boosted their price target 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. UBS Group lowered their target price on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Wall Street Zen downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Raymond James Financial raised shares of Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 price target for the company in a report on Thursday, November 20th. Finally, The Goldman Sachs Group increased their price objective on shares of Jack Henry & Associates from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $184.56.

Jack Henry & Associates Trading Up 2.6%

NASDAQ JKHY opened at $184.92 on Monday. The company has a market capitalization of $13.38 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 3.11 and a beta of 0.73. 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 12 month low of $144.12 and a 12 month high of $196.00. The company’s fifty day moving average price is $161.76 and its two-hundred day moving average price is $167.09.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly 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. The business had revenue of $636.11 million during the quarter, compared to the consensus estimate of $634.42 million. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 19.86%.The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $1.63 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, research analysts predict that Jack Henry & Associates will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

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

Insider Buying and Selling

In other news, COO Shanon G. Mclachlan sold 227 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $160.83, for a total transaction of $36,508.41. Following the completion of the transaction, the chief operating officer directly owned 1,420 shares in the company, valued at approximately $228,378.60. The trade was a 13.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David B. Foss sold 20,000 shares of the stock in a transaction that occurred on 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 directly owned 128,133 shares of the company’s stock, valued at $22,413,024.36. This trade represents a 13.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Jack Henry & Associates

Hedge funds and other institutional investors have recently modified their holdings of the stock. Summit Securities Group LLC bought a new position in Jack Henry & Associates in the 1st quarter valued at about $26,000. Hantz Financial Services Inc. acquired a new stake in shares of Jack Henry & Associates in the 2nd quarter worth approximately $27,000. CYBER HORNET ETFs LLC bought a new position in shares of Jack Henry & Associates in the second quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Jack Henry & Associates by 3,900.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock valued at $30,000 after acquiring an additional 195 shares during the period. Finally, MUFG Securities EMEA plc bought a new stake in Jack Henry & Associates during the second quarter worth approximately $39,000. 98.75% of the stock is currently owned by institutional investors.

About Jack Henry & Associates

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.