Jack Henry & Associates (NASDAQ:JKHY) Upgraded at Wolfe Research

Wolfe Research upgraded shares of Jack Henry & Associates (NASDAQ:JKHY) from a peer perform rating to an outperform rating in a research report released on Thursday, MarketBeat.com reports. Wolfe Research currently has $220.00 price target on the technology company’s stock.

A number of other research firms have also recently commented on JKHY. Royal Bank Of Canada upgraded shares of Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $185.00 to $210.00 in a report on Tuesday, December 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Jack Henry & Associates in a report on Wednesday, October 8th. Wells Fargo & Company boosted their price target on Jack Henry & Associates from $161.00 to $164.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Keefe, Bruyette & Woods raised Jack Henry & Associates from a “market perform” rating to an “outperform” rating and upped their price target for the company from $170.00 to $215.00 in a report on Monday, December 8th. Finally, UBS Group lifted their price objective on Jack Henry & Associates from $175.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Jack Henry & Associates has a consensus rating of “Moderate Buy” and an average target price of $195.40.

Jack Henry & Associates Trading Up 0.8%

NASDAQ JKHY opened at $189.16 on Thursday. Jack Henry & Associates has a 12 month low of $144.12 and a 12 month high of $196.00. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average price is $176.37 and its 200-day moving average price is $167.80. The stock has a market cap of $13.69 billion, a P/E ratio of 28.75, a P/E/G ratio of 3.27 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.33. Jack Henry & Associates had a net margin of 19.86% and a return on equity of 23.11%. The company had revenue of $636.11 million for the quarter, compared to analysts’ expectations of $634.42 million. During the same quarter in the previous year, the business posted $1.63 EPS. Jack Henry & Associates’s revenue was up 7.3% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, equities analysts forecast that Jack Henry & Associates will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 2nd were issued a $0.58 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.2%. Jack Henry & Associates’s dividend payout ratio is currently 35.26%.

Insider Activity

In other Jack Henry & Associates news, COO Shanon G. Mclachlan sold 227 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $160.83, for a total transaction of $36,508.41. Following the completion of the sale, the chief operating officer directly owned 1,420 shares in the company, valued at $228,378.60. The trade was a 13.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David B. Foss sold 20,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $174.92, for a total transaction of $3,498,400.00. Following the sale, the director directly owned 128,133 shares of the company’s stock, valued at $22,413,024.36. The trade was a 13.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Van ECK Associates Corp boosted its position in shares of Jack Henry & Associates by 1,911.3% in the third quarter. Van ECK Associates Corp now owns 1,111,632 shares of the technology company’s stock worth $165,555,000 after purchasing an additional 1,056,362 shares during the period. Norges Bank purchased a new position in shares of Jack Henry & Associates during the 2nd quarter valued at $115,471,000. Artisan Partners Limited Partnership purchased a new position in shares of Jack Henry & Associates during the 2nd quarter valued at $74,302,000. UBS Group AG boosted its holdings in Jack Henry & Associates by 75.7% in the 3rd quarter. UBS Group AG now owns 847,002 shares of the technology company’s stock worth $126,144,000 after buying an additional 364,878 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Jack Henry & Associates by 22.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,668,602 shares of the technology company’s stock worth $300,632,000 after buying an additional 301,600 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

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.