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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $192.0769.

A number of research firms recently weighed in on JKHY. Weiss Ratings cut Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Royal Bank Of Canada reduced their price target on Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. The Goldman Sachs Group reduced their price target on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Loop Capital began coverage on Jack Henry & Associates in a report on Tuesday, March 31st. They issued a “buy” rating and a $197.00 price target for the company. Finally, DA Davidson reaffirmed a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a report on Monday, May 11th.

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, CEO Gregory R. Adelson purchased 2,000 shares of Jack Henry & Associates stock in a transaction that occurred on Thursday, May 14th. The stock was bought 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 $2,806,623.12. This trade represents a 10.51% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mimi Carsley purchased 375 shares of Jack Henry & Associates stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average cost of $134.12 per share, with a total value of $50,295.00. Following the acquisition, the chief financial officer directly owned 6,007 shares in the company, valued at $805,658.84. This trade represents a 6.66% increase in their position. 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 hedge funds have recently made changes to their positions in the company. Glenmede Trust Co. NA raised its holdings in shares of Jack Henry & Associates by 51.0% during the first quarter. Glenmede Trust Co. NA now owns 5,326 shares of the technology company’s stock valued at $842,000 after acquiring an additional 1,799 shares during the last quarter. Summitry LLC raised its holdings in shares of Jack Henry & Associates by 4.8% during the first quarter. Summitry LLC now owns 4,135 shares of the technology company’s stock valued at $653,000 after acquiring an additional 191 shares during the last quarter. Essential Partners LLC raised its holdings in shares of Jack Henry & Associates by 65.8% during the first quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock valued at $29,000 after acquiring an additional 73 shares during the last quarter. Janus Henderson Group PLC raised its holdings 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 acquiring an additional 1,070,376 shares during the last quarter. Finally, Amundi raised its holdings in shares of Jack Henry & Associates by 80.5% during the first quarter. Amundi now owns 626,837 shares of the technology company’s stock valued at $99,065,000 after acquiring an additional 279,466 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Down 0.5%

Shares of JKHY opened at $130.11 on Friday. Jack Henry & Associates has a 52 week low of $129.25 and a 52 week high of $193.39. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $9.24 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.91 and a beta of 0.58. The stock’s 50-day moving average price is $147.08 and its 200-day moving average price is $165.20.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.28. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.The firm had revenue of $615.93 million for the quarter, compared to the consensus estimate of $619.67 million. During the same quarter in the prior year, the business earned $1.52 earnings per share. The company’s revenue was up 8.7% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. On average, sell-side analysts predict that Jack Henry & Associates will post 6.84 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, June 1st will be issued a $0.61 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.44 dividend on an annualized basis and a yield of 1.9%. Jack Henry & Associates’s dividend 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.