Jack Henry & Associates (NASDAQ:JKHY) Rating Increased to Strong-Buy at Wolfe Research

Wolfe Research upgraded shares of Jack Henry & Associates (NASDAQ:JKHY) from a hold rating to a strong-buy rating in a report released on Thursday,Zacks.com reports.

JKHY has been the subject of several other research reports. Keefe, Bruyette & Woods raised shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $170.00 to $215.00 in a research report on Monday, December 8th. DA Davidson lowered their price objective on Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Royal Bank Of Canada raised Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $185.00 to $210.00 in a report on Tuesday, December 16th. Robert W. Baird lifted their target price on Jack Henry & Associates from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, December 15th. Finally, The Goldman Sachs Group upped their price target on Jack Henry & Associates from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.40.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $187.75 on Thursday. The firm has a market cap of $13.59 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 3.21 and a beta of 0.73. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $175.57 and its two-hundred day moving average is $167.84. Jack Henry & Associates has a 52-week low of $144.12 and a 52-week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share (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 analyst estimates of $634.42 million. Jack Henry & Associates had a net margin of 19.86% and a return on equity of 23.11%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.63 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. Analysts forecast that Jack Henry & Associates will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 2nd were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, December 2nd. Jack Henry & Associates’s dividend payout ratio is presently 35.26%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. bought a new position in Jack Henry & Associates in the 2nd quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Jack Henry & Associates by 3,900.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock worth $30,000 after acquiring an additional 195 shares during the period. Quent Capital LLC acquired a new position in shares of Jack Henry & Associates during the third quarter valued at approximately $33,000. CYBER HORNET ETFs LLC bought a new stake in Jack Henry & Associates during the second quarter worth approximately $35,000. Finally, Private Trust Co. NA lifted its position in Jack Henry & Associates by 49.0% in the second quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock worth $39,000 after purchasing an additional 71 shares during the period. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Company Profile

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.