Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives $186.07 Average PT from Analysts

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been assigned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $186.0714.

A number of research analysts recently issued reports on the company. Barclays assumed coverage on Jack Henry & Associates in a report on Tuesday, July 7th. They set an “overweight” rating and a $170.00 price objective for the company. Weiss Ratings cut shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Royal Bank Of Canada decreased their price target on shares of Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating for the company in a research note on Thursday, June 18th. Loop Capital initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, March 31st. They issued a “buy” rating and a $197.00 price objective on the stock. Finally, The Goldman Sachs Group cut their price objective on shares of Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th.

Insider Transactions at Jack Henry & Associates

In related news, CEO Gregory R. Adelson bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $133.42 per share, for a total transaction of $266,840.00. Following the completion of the acquisition, the chief executive officer owned 21,036 shares of the company’s stock, valued at approximately $2,806,623.12. The trade was a 10.51% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Mimi Carsley purchased 375 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was bought at an average price of $134.12 per share, with a total value of $50,295.00. Following the completion of the purchase, the chief financial officer owned 6,007 shares of the company’s stock, valued at approximately $805,658.84. This represents a 6.66% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.60% of the stock is currently owned by insiders.

Institutional Trading of Jack Henry & Associates

Several institutional investors and hedge funds have recently added to or reduced their stakes in JKHY. State Street Corp grew its position in shares of Jack Henry & Associates by 2.4% in the 3rd quarter. State Street Corp now owns 4,103,290 shares of the technology company’s stock valued at $611,103,000 after acquiring an additional 97,140 shares during the period. Invesco Ltd. raised its holdings in shares of Jack Henry & Associates by 9.5% in the 3rd quarter. Invesco Ltd. now owns 1,800,777 shares of the technology company’s stock valued at $268,190,000 after purchasing an additional 155,616 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Jack Henry & Associates by 4.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,415,221 shares of the technology company’s stock valued at $258,250,000 after purchasing an additional 66,633 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Jack Henry & Associates by 160.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,350,393 shares of the technology company’s stock valued at $246,420,000 after purchasing an additional 831,372 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Jack Henry & Associates by 13,343.0% in the 1st quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company’s stock valued at $170,430,000 after purchasing an additional 1,070,376 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Price Performance

JKHY stock opened at $157.43 on Friday. The stock has a 50-day moving average price of $138.95 and a two-hundred day moving average price of $154.68. The stock has a market cap of $11.19 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 2.15 and a beta of 0.57. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04. Jack Henry & Associates has a 1 year low of $121.04 and a 1 year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.28. The firm had revenue of $615.93 million for the quarter, compared to the consensus estimate of $619.67 million. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $1.52 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. Equities analysts forecast that Jack Henry & Associates will post 6.84 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, June 1st were issued a $0.61 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.44 annualized dividend and a dividend yield of 1.5%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 34.13%.

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.