Jack Henry & Associates, Inc. (NASDAQ:JKHY) Given Average Rating of “Moderate Buy” by Analysts

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have earned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $192.1765.

Several research analysts recently issued reports on JKHY shares. The Goldman Sachs Group raised their target price on Jack Henry & Associates from $158.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, August 20th. Raymond James Financial increased their price target on Jack Henry & Associates from $192.00 to $199.00 and gave the company a “strong-buy” rating in a research note on Wednesday. Weiss Ratings upgraded Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 20th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $178.00 target price on shares of Jack Henry & Associates in a report on Wednesday. Finally, DA Davidson restated a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, September 2nd.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $154.85 on Monday. The firm has a market capitalization of $10.86 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 1.78 and a beta of 0.56. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.02. The business’s 50-day moving average price is $158.26 and its 200-day moving average price is $151.22. Jack Henry & Associates has a 12 month low of $121.04 and a 12 month high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.13. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The firm had revenue of $633.10 million during the quarter, compared to the consensus estimate of $631.60 million. During the same quarter last year, the firm earned $1.75 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Equities research analysts forecast that Jack Henry & Associates will post 7.33 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Monday, September 7th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, September 4th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 35.01%.

Institutional Trading of Jack Henry & Associates

A number of large investors have recently bought and sold shares of JKHY. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Jack Henry & Associates by 6,728.7% in the fourth 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 period. Dai ichi Life Insurance Company Ltd boosted its stake in Jack Henry & Associates by 231.1% in the 1st quarter. Dai ichi Life Insurance Company Ltd now owns 21,102 shares of the technology company’s stock worth $3,335,000 after purchasing an additional 14,728 shares during the period. Swedbank AB grew its holdings in Jack Henry & Associates by 230.2% during the 4th quarter. Swedbank AB now owns 143,787 shares of the technology company’s stock valued at $26,238,000 after buying an additional 100,239 shares in the last quarter. Amica Mutual Insurance Co. grew its holdings in Jack Henry & Associates by 60.4% during the 4th quarter. Amica Mutual Insurance Co. now owns 48,570 shares of the technology company’s stock valued at $8,863,000 after buying an additional 18,283 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Jack Henry & Associates during the first quarter valued at approximately $3,569,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company that provides software and technology services to banks, credit unions and other financial institutions. Its solutions are designed to support core processing, digital banking, payments, lending, risk management and operational workflows.

The company’s products include core banking platforms, online and mobile banking tools, payment processing services, electronic bill pay, loan origination and document management solutions, fraud prevention tools, and technology that helps financial institutions connect with third-party applications.