Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives $174.00 Average Price Target from Brokerages

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $174.00.

A number of equities research analysts have issued reports on the company. Wells Fargo & Company upgraded Jack Henry & Associates to a “hold” rating in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Jack Henry & Associates in a research note on Saturday. UBS Group cut their price target 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. Wall Street Zen lowered 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 price target on Jack Henry & Associates in a research note on Friday, August 22nd.

Jack Henry & Associates Price Performance

NASDAQ JKHY opened at $155.83 on Friday. The business’s fifty day moving average price is $156.21 and its 200-day moving average price is $169.15. The stock has a market capitalization of $11.32 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 2.82 and a beta of 0.78. Jack Henry & Associates has a 1-year low of $144.12 and a 1-year 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, topping the consensus estimate of $1.50 by $0.25. The firm had revenue of $615.37 million during the quarter, compared to analyst estimates of $602.20 million. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.Jack Henry & Associates’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. Equities research analysts anticipate that Jack Henry & Associates will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

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

Insider Buying and Selling at Jack Henry & Associates

In other news, Director David B. Foss sold 5,780 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 139,265 shares in the company, valued at $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Assetmark Inc. grew its position in shares of Jack Henry & Associates by 147.5% during the first quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock valued at $46,000 after purchasing an additional 149 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Jack Henry & Associates by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 625,991 shares of the technology company’s stock valued at $114,306,000 after purchasing an additional 6,342 shares in the last quarter. Tandem Investment Advisors Inc. grew its position in shares of Jack Henry & Associates by 14.5% during the first quarter. Tandem Investment Advisors Inc. now owns 649,236 shares of the technology company’s stock valued at $118,550,000 after purchasing an additional 82,414 shares in the last quarter. Bridges Investment Management Inc. grew its position in shares of Jack Henry & Associates by 82.7% during the first quarter. Bridges Investment Management Inc. now owns 6,720 shares of the technology company’s stock valued at $1,227,000 after purchasing an additional 3,041 shares in the last quarter. Finally, Penserra Capital Management LLC grew its position in shares of Jack Henry & Associates by 928.9% during the first quarter. Penserra Capital Management LLC now owns 5,340 shares of the technology company’s stock valued at $974,000 after purchasing an additional 4,821 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 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.