Jack Henry & Associates (NASDAQ:JKHY) Research Coverage Started at Seaport Research Partners

Seaport Research Partners initiated coverage on shares of Jack Henry & Associates (NASDAQ:JKHY) in a report released on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $193.00 price target on the technology company’s stock.

Other analysts also recently issued research reports about the company. DA Davidson restated a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, September 2nd. Raymond James Financial raised their target price on shares of Jack Henry & Associates from $192.00 to $199.00 and gave the stock a “strong-buy” rating in a report on Wednesday, September 16th. KeyCorp began coverage on shares of Jack Henry & Associates in a report on Monday, September 14th. They set an “overweight” rating and a $190.00 price target on the stock. Wolfe Research upped their price target on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $178.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Jack Henry & Associates has a consensus rating of “Moderate Buy” and an average target price of $191.47.

Jack Henry & Associates Stock Down 2.0%

JKHY stock opened at $143.24 on Monday. The firm has a market cap of $10.04 billion, a PE ratio of 20.55, a P/E/G ratio of 1.66 and a beta of 0.56. Jack Henry & Associates has a 12 month low of $121.04 and a 12 month high of $193.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a 50 day simple moving average of $157.93 and a 200 day simple moving average of $149.93.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $631.60 million. During the same quarter in the previous year, the business posted $1.75 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. 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 7.34 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Monday, September 7th were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, September 4th. Jack Henry & Associates’s dividend payout ratio is presently 35.01%.

Institutional Investors Weigh In On Jack Henry & Associates

Hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp raised its holdings in Jack Henry & Associates by 1,918.2% in the 2nd quarter. Van ECK Associates Corp now owns 1,308,353 shares of the technology company’s stock valued at $180,213,000 after acquiring an additional 1,243,526 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Jack Henry & Associates by 13,343.0% during the first quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company’s stock valued at $170,430,000 after purchasing an additional 1,070,376 shares during the period. Norges Bank acquired a new position in shares of Jack Henry & Associates in the fourth quarter valued at $128,744,000. Bank of New York Mellon Corp bought a new position in Jack Henry & Associates in the second quarter worth $87,669,000. Finally, Epoch Investment Partners Inc. lifted its position in Jack Henry & Associates by 82.4% in the first quarter. Epoch Investment Partners Inc. now owns 681,587 shares of the technology company’s stock worth $107,718,000 after purchasing an additional 307,886 shares during the period. Institutional investors own 98.75% of the company’s stock.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company that provides software, payment processing and related services to banks, credit unions and other financial institutions. Founded in 1976 and headquartered in Monett, Missouri, the company serves primarily U.S.-based community and regional financial institutions.

The company offers core processing platforms for banks and credit unions, including Jack Henry Banking and Symitar solutions. Its products and services support account processing, lending, deposit operations, financial reporting, digital banking, mobile banking and customer relationship management.

Jack Henry also provides payment processing, card services, electronic funds transfer capabilities, online account opening, cybersecurity, document and information management, business intelligence and other technology services.