Jack Henry & Associates (NASDAQ:JKHY) Price Target Raised to $164.00

Jack Henry & Associates (NASDAQ:JKHY) had its target price increased by Wells Fargo & Company from $161.00 to $164.00 in a report published on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the technology company’s stock.

A number of other equities analysts have also issued reports on JKHY. Compass Point upgraded shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and raised their target price for the stock from $179.00 to $187.00 in a research report on Thursday. UBS Group decreased their price target 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. Robert W. Baird set a $172.00 price objective on shares of Jack Henry & Associates in a research report on Friday, October 17th. Weiss Ratings restated a “hold (c)” rating on shares of Jack Henry & Associates in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group reduced their target price on shares of Jack Henry & Associates from $173.00 to $155.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Jack Henry & Associates has an average rating of “Hold” and an average target price of $177.25.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $160.80 on Thursday. The stock’s 50-day moving average is $154.60 and its two-hundred day moving average is $167.95. 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 $11.68 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 2.74 and a beta of 0.76.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.33. The firm had revenue of $636.11 million during the quarter, compared to analysts’ expectations of $634.42 million. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The business’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.63 EPS. 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 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were given a dividend of $0.58 per share. The ex-dividend date 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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Assetmark Inc. boosted its position in Jack Henry & Associates by 147.5% during the first quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock worth $46,000 after acquiring an additional 149 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Jack Henry & Associates by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 625,991 shares of the technology company’s stock valued at $114,306,000 after acquiring an additional 6,342 shares during the last quarter. Bridges Investment Management Inc. lifted its stake in shares of Jack Henry & Associates by 82.7% during the 1st quarter. Bridges Investment Management Inc. now owns 6,720 shares of the technology company’s stock worth $1,227,000 after purchasing an additional 3,041 shares during the period. Penserra Capital Management LLC lifted its stake in shares of Jack Henry & Associates by 928.9% during the 1st quarter. Penserra Capital Management LLC now owns 5,340 shares of the technology company’s stock worth $974,000 after purchasing an additional 4,821 shares during the period. Finally, Benjamin Edwards Inc. boosted its holdings in shares of Jack Henry & Associates by 16.8% during the first quarter. Benjamin Edwards Inc. now owns 151,291 shares of the technology company’s stock worth $27,626,000 after purchasing an additional 21,777 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

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.