Jack Henry & Associates (NASDAQ:JKHY) Upgraded to “Strong-Buy” at Barclays

Barclays upgraded shares of Jack Henry & Associates (NASDAQ:JKHY) to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

A number of other analysts have also recently issued reports on JKHY. The Goldman Sachs Group reduced their price objective on shares of Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. 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. Morgan Stanley set a $170.00 target price on Jack Henry & Associates in a report on Friday, May 8th. UBS Group set a $165.00 target price on Jack Henry & Associates in a research report on Thursday, May 7th. Finally, DA Davidson reissued a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $186.07.

Jack Henry & Associates Trading Up 1.9%

Shares of NASDAQ:JKHY opened at $150.22 on Tuesday. The stock has a 50 day moving average of $137.23 and a 200 day moving average of $157.75. The company has a market cap of $10.67 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 2.07 and a beta of 0.57. Jack Henry & Associates has a 12-month low of $121.04 and a 12-month high of $193.39. 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 (NASDAQ:JKHY) last released its earnings results on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $615.93 million for the quarter, compared to analysts’ expectations of $619.67 million. During the same quarter last year, the business earned $1.52 EPS. The firm’s revenue 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. As a group, equities research analysts expect that Jack Henry & Associates will post 6.84 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Monday, June 1st were issued a $0.61 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.6%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 34.13%.

Insider Activity

In related news, CFO Mimi Carsley acquired 375 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were acquired at an average cost of $134.12 per share, for a total transaction of $50,295.00. Following the completion of the transaction, the chief financial officer directly owned 6,007 shares in the company, valued at approximately $805,658.84. This trade represents a 6.66% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory R. Adelson acquired 2,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $133.42 per share, with a total value of $266,840.00. Following the completion of the purchase, the chief executive officer directly owned 21,036 shares in the company, valued at approximately $2,806,623.12. The trade was a 10.51% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.60% of the company’s stock.

Institutional Trading of Jack Henry & Associates

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC lifted its position in Jack Henry & Associates by 13,343.0% in the first quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company’s stock worth $170,430,000 after buying an additional 1,070,376 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Jack Henry & Associates by 160.2% in the fourth 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 acquiring an additional 831,372 shares during the period. Norges Bank purchased a new stake in shares of Jack Henry & Associates in the fourth quarter valued at $128,744,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Jack Henry & Associates by 6,728.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company’s stock worth $113,420,000 after acquiring an additional 612,444 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of Jack Henry & Associates by 560.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 557,078 shares of the technology company’s stock worth $101,656,000 after acquiring an additional 472,698 shares during the last quarter. Hedge funds and other 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.