Jack Henry & Associates (NASDAQ:JKHY) Hits New 12-Month Low – Should You Sell?

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) hit a new 52-week low on Wednesday . The company traded as low as $140.46 and last traded at $141.9350, with a volume of 66260 shares changing hands. The stock had previously closed at $144.73.

Wall Street Analyst Weigh In

JKHY has been the topic of a number of research analyst reports. UBS Group set a $165.00 target price on Jack Henry & Associates in a report on Thursday, May 7th. Morgan Stanley set a $170.00 price objective on Jack Henry & Associates in a report on Friday, May 8th. Weiss Ratings lowered Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 27th. Wells Fargo & Company raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $181.00 to $196.00 in a report on Tuesday, February 17th. Finally, Stephens raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective on the stock in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Jack Henry & Associates currently has an average rating of “Moderate Buy” and an average price target of $192.08.

Jack Henry & Associates Stock Performance

The company has a market capitalization of $9.92 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 2.13 and a beta of 0.63. The stock has a 50-day moving average price of $157.59 and a 200-day moving average price of $167.87. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.74 and a quick ratio of 1.74.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.28. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.The business had revenue of $615.93 million during the quarter, compared to analysts’ expectations of $619.67 million. During the same period last year, the firm posted $1.52 EPS. The firm’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. As a group, analysts forecast that Jack Henry & Associates, Inc. will post 6.75 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

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. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, June 1st. Jack Henry & Associates’s payout ratio is currently 34.13%.

Hedge Funds Weigh In On Jack Henry & Associates

Several institutional investors have recently modified their holdings of JKHY. Caitong International Asset Management Co. Ltd grew 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 acquiring an additional 195 shares in the last quarter. Larson Financial Group LLC grew its holdings in Jack Henry & Associates by 2,816.7% during the fourth quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after purchasing an additional 169 shares during the period. Quent Capital LLC bought a new position in Jack Henry & Associates during the third quarter valued at $33,000. CYBER HORNET ETFs LLC bought a new position in Jack Henry & Associates during the second quarter valued at $35,000. Finally, SJS Investment Consulting Inc. grew its holdings in Jack Henry & Associates by 3,933.3% during the first quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock valued at $38,000 after purchasing an additional 236 shares during the period. 98.75% of the stock is owned by institutional investors.

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.