Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives $190.44 Average Price Target from Analysts

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $195.40.

A number of research analysts recently commented on the company. The Goldman Sachs Group increased their price target on Jack Henry & Associates from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Compass Point upgraded shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and upped their target price for the stock from $179.00 to $187.00 in a research report on Thursday, November 6th. DA Davidson decreased their price objective on shares of Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Jack Henry & Associates in a report on Wednesday, October 8th. Finally, Wells Fargo & Company lifted their target price on shares of Jack Henry & Associates from $161.00 to $164.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th.

Insiders Place Their Bets

In other news, Director David B. Foss sold 20,000 shares of Jack Henry & Associates stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $174.92, for a total value of $3,498,400.00. Following the transaction, the director directly owned 128,133 shares in the company, valued at approximately $22,413,024.36. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Shanon G. Mclachlan sold 227 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $160.83, for a total value of $36,508.41. Following the transaction, the chief operating officer owned 1,420 shares of the company’s stock, valued at approximately $228,378.60. This trade represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Jack Henry & Associates

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. bought a new stake in shares of Jack Henry & Associates during the second quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd lifted its holdings 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 valued at $30,000 after purchasing an additional 195 shares in the last quarter. Quent Capital LLC bought a new stake in Jack Henry & Associates during the 3rd quarter worth about $33,000. CYBER HORNET ETFs LLC bought a new position in Jack Henry & Associates in the second quarter valued at approximately $35,000. Finally, Private Trust Co. NA grew its position in shares of Jack Henry & Associates by 49.0% in the 2nd quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock valued at $39,000 after acquiring an additional 71 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY opened at $189.16 on Wednesday. The business has a 50-day moving average of $176.37 and a two-hundred day moving average of $167.89. The firm has a market capitalization of $13.69 billion, a PE ratio of 28.75, a P/E/G ratio of 3.24 and a beta of 0.73. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.49 and a quick ratio of 1.49. Jack Henry & Associates has a 12 month low of $144.12 and a 12 month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.33. Jack Henry & Associates had a net margin of 19.86% and a return on equity of 23.11%. The firm had revenue of $636.11 million for the quarter, compared to analysts’ expectations of $634.42 million. During the same period in the previous year, the company posted $1.63 earnings per share. Jack Henry & Associates’s revenue was up 7.3% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, research analysts forecast that Jack Henry & Associates will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 2nd were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, December 2nd. Jack Henry & Associates’s dividend payout ratio is 35.26%.

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.