Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $199.7273.

A number of brokerages have weighed in on JKHY. Keefe, Bruyette & Woods raised shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $170.00 to $215.00 in a research note on Monday, December 8th. DA Davidson set a $216.00 price objective on shares of Jack Henry & Associates in a research report on Thursday. Royal Bank Of Canada upgraded Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $185.00 to $210.00 in a report on Tuesday, December 16th. Compass Point upgraded Jack Henry & Associates from a “neutral” rating to a “buy” rating and boosted their price target for the company from $179.00 to $187.00 in a report on Thursday, November 6th. Finally, Raymond James Financial raised Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 price objective for the company in a research report on Thursday, November 20th.

Insider Buying and Selling

In other news, COO Shanon G. Mclachlan sold 227 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $160.83, for a total value of $36,508.41. Following the sale, the chief operating officer owned 1,420 shares of the company’s stock, valued at $228,378.60. The trade was a 13.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David B. Foss sold 20,000 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $174.92, for a total transaction of $3,498,400.00. Following the transaction, the director 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. The SEC filing for this sale provides additional information. 0.60% of the stock is owned by company insiders.

Institutional Trading of Jack Henry & Associates

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Artisan Partners Limited Partnership acquired a new stake in shares of Jack Henry & Associates during the 2nd quarter worth approximately $74,302,000. Modera Wealth Management LLC bought a new stake in Jack Henry & Associates during the third quarter worth $3,298,000. Apollon Wealth Management LLC lifted its stake in Jack Henry & Associates by 270.6% during the third quarter. Apollon Wealth Management LLC now owns 13,927 shares of the technology company’s stock worth $2,074,000 after purchasing an additional 10,169 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Jack Henry & Associates by 693.2% in the 3rd quarter. Teacher Retirement System of Texas now owns 87,817 shares of the technology company’s stock valued at $13,079,000 after purchasing an additional 76,746 shares in the last quarter. Finally, Bayforest Capital Ltd bought a new position in shares of Jack Henry & Associates in the 3rd quarter valued at $998,000. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Up 0.7%

NASDAQ:JKHY opened at $179.21 on Friday. Jack Henry & Associates has a 1 year low of $144.12 and a 1 year high of $196.00. The stock has a 50-day moving average price of $183.31 and a two-hundred day moving average price of $168.54. The stock has a market cap of $12.97 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 3.06 and a beta of 0.73. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.01.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.33. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 19.86%.The business 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 for the quarter was up 7.3% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, equities analysts expect that Jack Henry & Associates will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 2nd were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 35.26%.

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.