Analysts Set Jack Henry & Associates, Inc. (NASDAQ:JKHY) Target Price at $192.08

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $192.0769.

A number of equities analysts have issued reports on the company. The Goldman Sachs Group decreased their price target on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Royal Bank Of Canada cut their price objective 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. Wells Fargo & Company upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $181.00 to $196.00 in a report on Tuesday, February 17th. Weiss Ratings downgraded shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Finally, Morgan Stanley set a $170.00 price objective on shares of Jack Henry & Associates in a research note on Friday, May 8th.

Insider Activity at Jack Henry & Associates

In other Jack Henry & Associates news, CEO Gregory R. Adelson acquired 2,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of $133.42 per share, with a total value of $266,840.00. Following the purchase, the chief executive officer directly owned 21,036 shares of the company’s stock, valued at approximately $2,806,623.12. This trade represents a 10.51% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mimi Carsley bought 375 shares of Jack Henry & Associates stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of $134.12 per share, with a total value of $50,295.00. Following the completion of the acquisition, the chief financial officer owned 6,007 shares of the company’s stock, valued at $805,658.84. The trade was a 6.66% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Jack Henry & Associates

A number of hedge funds and other institutional investors have recently modified their holdings of JKHY. Essential Partners LLC boosted its holdings in shares of Jack Henry & Associates by 65.8% in the first quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock worth $29,000 after buying an additional 73 shares during the period. Caitong International Asset Management Co. Ltd increased its position in shares of Jack Henry & Associates by 3,900.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock worth $30,000 after acquiring an additional 195 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Jack Henry & Associates by 2,816.7% in the fourth quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock worth $32,000 after acquiring an additional 169 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Jack Henry & Associates in the 2nd quarter valued at approximately $35,000. Finally, SJS Investment Consulting Inc. boosted its stake in Jack Henry & Associates by 3,933.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock worth $38,000 after purchasing an additional 236 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $128.23 on Friday. The firm has a market capitalization of $9.11 billion, a PE ratio of 17.93, a P/E/G ratio of 1.84 and a beta of 0.58. 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 firm has a 50-day moving average price of $144.18 and a 200 day moving average price of $163.82. Jack Henry & Associates has a 52-week low of $124.63 and a 52-week high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.28. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. The company had revenue of $615.93 million during the quarter, compared to analyst estimates of $619.67 million. During the same period in the prior year, the business posted $1.52 EPS. The business’s revenue for the quarter 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 anticipate that Jack Henry & Associates will post 6.84 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

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