Jack Henry & Associates (NASDAQ:JKHY) Cut to Hold at Wall Street Zen

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

Several other brokerages have also issued reports on JKHY. Compass Point raised Jack Henry & Associates from a “neutral” rating to a “buy” rating and upped their target price for the company from $179.00 to $187.00 in a research report on Thursday, November 6th. The Goldman Sachs Group increased their price objective on shares of Jack Henry & Associates from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Robert W. Baird set a $172.00 target price on shares of Jack Henry & Associates in a research report on Friday, October 17th. Keefe, Bruyette & Woods cut their price target on shares of Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jack Henry & Associates in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $177.25.

Jack Henry & Associates Stock Up 1.9%

Shares of Jack Henry & Associates stock opened at $165.73 on Friday. The company has a market cap of $12.04 billion, a P/E ratio of 26.56, a PEG ratio of 2.74 and a beta of 0.76. The firm’s 50 day moving average price is $154.69 and its 200-day moving average price is $167.80. 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 announced its earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.33. The company had revenue of $636.11 million during the quarter, compared to the consensus estimate of $634.42 million. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. Jack Henry & Associates’s revenue 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, equities research analysts forecast that Jack Henry & Associates will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

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

Institutional Investors Weigh In On Jack Henry & Associates

Hedge funds have recently added to or reduced their stakes in the business. Jacobson & Schmitt Advisors LLC raised its stake in shares of Jack Henry & Associates by 60.0% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 93,966 shares of the technology company’s stock valued at $13,994,000 after buying an additional 35,223 shares during the last quarter. Mufg Securities Americas Inc. boosted its stake in shares of Jack Henry & Associates by 21.7% in the third quarter. Mufg Securities Americas Inc. now owns 1,964 shares of the technology company’s stock worth $292,000 after buying an additional 350 shares during the last quarter. AXQ Capital LP acquired a new stake in Jack Henry & Associates during the third quarter worth about $363,000. Koshinski Asset Management Inc. raised its position in Jack Henry & Associates by 9.7% during the third quarter. Koshinski Asset Management Inc. now owns 5,007 shares of the technology company’s stock valued at $746,000 after acquiring an additional 441 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. raised its position in Jack Henry & Associates by 2.1% during the third quarter. Vestmark Advisory Solutions Inc. now owns 37,496 shares of the technology company’s stock valued at $5,584,000 after acquiring an additional 754 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other 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.