Jack Henry & Associates (NASDAQ:JKHY) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Jack Henry & Associates (NASDAQ:JKHY) to a hold rating in a research note published on Wednesday,Zacks.com reports.

Other analysts also recently issued reports about the company. Royal Bank Of Canada reduced their price objective on Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating for the company in a research note on Thursday, August 21st. UBS Group reduced their price objective on Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Robert W. Baird set a $172.00 target price on Jack Henry & Associates in a research note on Friday, October 17th. Wall Street Zen downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Finally, DA Davidson set a $204.00 target price on Jack Henry & Associates in a research note on Friday, August 22nd. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $174.00.

Jack Henry & Associates Stock Up 0.1%

JKHY opened at $155.83 on Wednesday. The business has a 50 day moving average price of $156.21 and a two-hundred day moving average price of $169.12. The company has a market cap of $11.32 billion, a PE ratio of 24.97, a P/E/G ratio of 2.82 and a beta of 0.78. Jack Henry & Associates has a 52 week low of $144.12 and a 52 week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.50 by $0.25. The firm had revenue of $615.37 million during the quarter, compared to the consensus estimate of $602.20 million. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The firm’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, sell-side analysts expect that Jack Henry & Associates will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, September 5th. Jack Henry & Associates’s dividend payout ratio is 37.18%.

Insiders Place Their Bets

In related news, Director David B. Foss sold 5,780 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $167.28, for a total value of $966,878.40. Following the completion of the transaction, the director directly owned 139,265 shares of the company’s stock, valued at $23,296,249.20. This trade represents a 3.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Jack Henry & Associates

Hedge funds have recently bought and sold shares of the company. Summit Securities Group LLC purchased a new position in Jack Henry & Associates in the 1st quarter valued at approximately $26,000. Hantz Financial Services Inc. purchased a new position in Jack Henry & Associates in the 2nd quarter valued at approximately $27,000. CYBER HORNET ETFs LLC purchased a new position in Jack Henry & Associates in the 2nd quarter valued at approximately $35,000. Cullen Frost Bankers Inc. purchased a new position in Jack Henry & Associates in the 1st quarter valued at approximately $38,000. Finally, MUFG Securities EMEA plc purchased a new position in Jack Henry & Associates in the 2nd quarter valued at approximately $39,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.