Jack Henry & Associates (NASDAQ:JKHY) Research Coverage Started at Loop Capital

Loop Capital started coverage on shares of Jack Henry & Associates (NASDAQ:JKHY) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The firm issued a buy rating and a $197.00 price target on the technology company’s stock.

JKHY has been the subject of several other research reports. Wells Fargo & Company raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $181.00 to $196.00 in a research report on Tuesday, February 17th. Keefe, Bruyette & Woods upgraded Jack Henry & Associates from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $170.00 to $215.00 in a research report on Monday, December 8th. DA Davidson reaffirmed a “buy” rating and set a $216.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday, February 4th. Stephens upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a research report on Thursday, February 5th. Finally, Weiss Ratings downgraded shares of Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Jack Henry & Associates has a consensus rating of “Moderate Buy” and a consensus price target of $200.15.

Jack Henry & Associates Stock Up 1.2%

JKHY stock opened at $157.48 on Tuesday. The company’s 50 day simple moving average is $165.87 and its 200-day simple moving average is $167.68. The firm has a market capitalization of $11.37 billion, a PE ratio of 22.63, a P/E/G ratio of 2.33 and a beta of 0.72. Jack Henry & Associates has a 12 month low of $144.12 and a 12 month high of $193.39. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.60 and a quick ratio of 1.60.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.29. Jack Henry & Associates had a return on equity of 23.75% and a net margin of 20.59%.The firm had revenue of $611.18 million during the quarter, compared to the consensus estimate of $608.46 million. During the same period in the previous year, the firm posted $1.34 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. Equities analysts expect that Jack Henry & Associates will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Thursday, March 5th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.58. Jack Henry & Associates’s dividend payout ratio is currently 35.06%.

Institutional Investors Weigh In On Jack Henry & Associates

Several hedge funds have recently made changes to their positions in JKHY. State Street Corp lifted its position in Jack Henry & Associates by 2.4% during the third quarter. State Street Corp now owns 4,103,290 shares of the technology company’s stock worth $611,103,000 after buying an additional 97,140 shares during the period. Invesco Ltd. grew its holdings in Jack Henry & Associates by 9.5% in the 3rd quarter. Invesco Ltd. now owns 1,800,777 shares of the technology company’s stock valued at $268,190,000 after buying an additional 155,616 shares during the period. Wells Fargo & Company MN increased its stake in shares of Jack Henry & Associates by 4.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,415,221 shares of the technology company’s stock valued at $258,250,000 after acquiring an additional 66,633 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Jack Henry & Associates by 160.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,350,393 shares of the technology company’s stock valued at $246,420,000 after acquiring an additional 831,372 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Jack Henry & Associates by 1,911.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,111,632 shares of the technology company’s stock worth $165,555,000 after acquiring an additional 1,056,362 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Company Profile

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.