Brokerages Set Jack Henry & Associates, Inc. (NASDAQ:JKHY) PT at $186.07

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been given a consensus rating of “Moderate Buy” by the fifteen research firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $186.0714.

A number of brokerages recently commented on JKHY. Barclays initiated coverage on shares of Jack Henry & Associates in a research note on Tuesday, July 7th. They set an “overweight” rating and a $170.00 price target on the stock. UBS Group set a $165.00 price objective on shares of Jack Henry & Associates in a research note on Thursday, May 7th. Wolfe Research set a $165.00 target price on shares of Jack Henry & Associates in a report on Monday, June 29th. DA Davidson reissued a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a report on Monday, May 11th. Finally, Royal Bank Of Canada dropped their target price on Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating on the stock in a research report on Thursday, June 18th.

Insider Transactions at Jack Henry & Associates

In related news, CEO Gregory R. Adelson acquired 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, with a total value of $266,840.00. Following the acquisition, the chief executive officer owned 21,036 shares of the company’s stock, valued at approximately $2,806,623.12. This trade represents a 10.51% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Mimi Carsley bought 375 shares of the business’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 purchase, the chief financial officer owned 6,007 shares in the company, valued at $805,658.84. This trade represents a 6.66% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Jack Henry & Associates

A number of large investors have recently modified their holdings of JKHY. Essential Partners LLC increased its holdings in Jack Henry & Associates by 65.8% during the 1st quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock worth $29,000 after acquiring an additional 73 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in Jack Henry & Associates by 3,900.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock valued at $30,000 after purchasing an additional 195 shares during the period. Larson Financial Group LLC grew its position in shares of Jack Henry & Associates by 2,816.7% during the 4th quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after purchasing an additional 169 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Jack Henry & Associates during the 2nd quarter valued at $35,000. Finally, SJS Investment Consulting Inc. grew its position in shares of Jack Henry & Associates by 3,933.3% during the 1st quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock valued at $38,000 after purchasing an additional 236 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Trading Down 0.1%

Shares of JKHY opened at $154.04 on Friday. The business has a 50-day moving average of $139.95 and a 200 day moving average of $154.24. Jack Henry & Associates has a fifty-two week low of $121.04 and a fifty-two week high of $193.39. The firm has a market cap of $10.94 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 2.16 and a beta of 0.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.74 and a current ratio of 1.74.

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

Jack Henry & Associates Dividend Announcement

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

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.