Jack Henry & Associates, Inc. (NASDAQ:JKHY) Given Average Rating of “Hold” by Brokerages

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have been assigned an average rating of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $178.3750.

JKHY has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Jack Henry & Associates in a report on Saturday, September 27th. Wall Street Zen raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. UBS Group reduced their target price on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. Keefe, Bruyette & Woods decreased their price target on shares of Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. Finally, DA Davidson set a $204.00 price objective on shares of Jack Henry & Associates in a research note on Friday, August 22nd.

Insider Buying and Selling

In other news, Director David B. Foss sold 5,780 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $167.28, for a total transaction of $966,878.40. Following the completion of the sale, the director directly owned 139,265 shares in the company, valued at approximately $23,296,249.20. This represents a 3.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jack Henry & Associates

Several institutional investors and hedge funds have recently bought and sold shares of JKHY. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Jack Henry & Associates by 19.1% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,778,922 shares of the technology company’s stock valued at $872,631,000 after buying an additional 765,441 shares during the period. Norges Bank acquired a new stake in shares of Jack Henry & Associates during the 2nd quarter worth approximately $115,471,000. Artisan Partners Limited Partnership bought a new position in Jack Henry & Associates in the second quarter valued at approximately $74,302,000. RGM Capital LLC bought a new position in Jack Henry & Associates in the first quarter valued at approximately $58,951,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Jack Henry & Associates by 22.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,668,602 shares of the technology company’s stock valued at $300,632,000 after purchasing an additional 301,600 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $146.26 on Monday. The stock has a market cap of $10.63 billion, a PE ratio of 23.44, a P/E/G ratio of 2.62 and a beta of 0.78. The firm has a 50-day moving average of $160.15 and a 200-day moving average of $171.52. 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 released its quarterly earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.25. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The firm had revenue of $615.37 million for the quarter, compared to analysts’ expectations of $602.20 million. During the same period in the prior year, the firm earned $1.33 EPS. The business’s revenue was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, analysts predict that Jack Henry & Associates will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, September 5th. Jack Henry & Associates’s payout ratio is 37.18%.

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.