Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives $187.27 Average PT from Brokerages

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has earned an average recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $193.40.

Several analysts have commented on JKHY shares. The Goldman Sachs Group upped their price objective on Jack Henry & Associates from $158.00 to $178.00 and gave the company a “neutral” rating in a research note on Thursday, August 20th. Oppenheimer boosted their target price on Jack Henry & Associates from $208.00 to $209.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. UBS Group upped their price target on Jack Henry & Associates from $165.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, August 20th. Stephens reaffirmed an “overweight” rating and set a $200.00 price target on shares of Jack Henry & Associates in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada increased their price target on Jack Henry & Associates from $173.00 to $178.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th.

Jack Henry & Associates Trading Down 0.7%

NASDAQ JKHY opened at $172.39 on Thursday. The firm’s fifty day moving average is $149.72 and its two-hundred day moving average is $150.95. Jack Henry & Associates has a one year low of $121.04 and a one year high of $193.39. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 1.38. The firm has a market cap of $12.25 billion, a PE ratio of 24.73, a P/E/G ratio of 1.96 and a beta of 0.55.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share 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 business had revenue of $633.10 million during the quarter, compared to the consensus estimate of $631.60 million. During the same quarter in the prior year, the firm earned $1.75 earnings per share. The business’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. Analysts expect that Jack Henry & Associates will post 7.38 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Monday, September 7th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, September 4th. This represents a $2.44 dividend on an annualized basis and a yield of 1.4%. Jack Henry & Associates’s dividend payout ratio is presently 35.01%.

Institutional Trading of Jack Henry & Associates

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Essential Partners LLC lifted its position in Jack Henry & Associates by 65.8% in the first quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock valued at $29,000 after purchasing an additional 73 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in Jack Henry & Associates by 3,900.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock valued at $30,000 after purchasing an additional 195 shares in the last quarter. Larson Financial Group LLC increased its position in Jack Henry & Associates by 2,816.7% during the 4th quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock worth $32,000 after purchasing an additional 169 shares during the period. CYBER HORNET ETFs LLC acquired a new position in Jack Henry & Associates during the 2nd quarter worth approximately $35,000. Finally, SJS Investment Consulting Inc. raised its stake in shares of Jack Henry & Associates by 3,933.3% during the 1st quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock worth $38,000 after buying an additional 236 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.