Jack Henry & Associates (NASDAQ:JKHY) Hits New 1-Year Low – Time to Sell?

Jack Henry & Associates, Inc. (NASDAQ:JKHY)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $129.25 and last traded at $129.9550, with a volume of 308782 shares. The stock had previously closed at $130.73.

Analyst Ratings Changes

A number of equities analysts have commented on JKHY shares. Weiss Ratings downgraded shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. The Goldman Sachs Group reduced their target price on shares of Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Wells Fargo & Company upgraded shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $181.00 to $196.00 in a report on Tuesday, February 17th. Royal Bank Of Canada cut their price objective on shares of Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Finally, Morgan Stanley set a $170.00 price objective on shares of Jack Henry & Associates in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Jack Henry & Associates has an average rating of “Moderate Buy” and a consensus price target of $192.08.

Jack Henry & Associates Trading Down 0.5%

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a market cap of $9.24 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 1.90 and a beta of 0.58. The company’s fifty day moving average price is $147.08 and its 200-day moving average price is $165.20.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data 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. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. The firm had revenue of $615.93 million for the quarter, compared to the consensus estimate of $619.67 million. During the same quarter in the prior year, the company posted $1.52 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. On average, research analysts expect that Jack Henry & Associates, Inc. will post 6.84 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Monday, June 1st will be paid a $0.61 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.9%. Jack Henry & Associates’s dividend payout ratio is presently 34.13%.

Insiders Place Their Bets

In other news, CEO Gregory R. Adelson bought 2,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of $133.42 per share, with a total value of $266,840.00. Following the acquisition, the chief executive officer directly owned 21,036 shares in the company, valued at $2,806,623.12. This trade represents a 10.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Mimi Carsley bought 375 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average cost of $134.12 per share, with a total value of $50,295.00. Following the completion of the acquisition, the chief financial officer owned 6,007 shares in the company, valued at approximately $805,658.84. This represents a 6.66% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Jack Henry & Associates

Several institutional investors have recently made changes to their positions in JKHY. Integrated Wealth Concepts LLC increased its holdings in shares of Jack Henry & Associates by 21.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company’s stock valued at $384,000 after purchasing an additional 367 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Jack Henry & Associates by 8.8% during the 1st quarter. Empowered Funds LLC now owns 7,184 shares of the technology company’s stock valued at $1,312,000 after buying an additional 584 shares in the last quarter. Woodline Partners LP lifted its position in shares of Jack Henry & Associates by 40.6% during the 1st quarter. Woodline Partners LP now owns 6,159 shares of the technology company’s stock valued at $1,125,000 after buying an additional 1,778 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Jack Henry & Associates during the 1st quarter valued at approximately $9,430,000. Finally, Focus Partners Wealth lifted its position in shares of Jack Henry & Associates by 15.1% during the 1st quarter. Focus Partners Wealth now owns 1,387 shares of the technology company’s stock valued at $253,000 after buying an additional 182 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 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.