Jack Henry & Associates’ (JKHY) Buy Rating Reiterated at DA Davidson

DA Davidson restated their buy rating on shares of Jack Henry & Associates (NASDAQ:JKHY) in a research report released on Monday,Benzinga reports. DA Davidson currently has a $198.00 price target on the technology company’s stock.

Other equities analysts have also recently issued reports about the stock. Royal Bank Of Canada cut their target price on shares of Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Stephens raised shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a report on Thursday, February 5th. Loop Capital assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, March 31st. They issued a “buy” rating and a $197.00 target price on the stock. UBS Group set a $165.00 target price on shares of Jack Henry & Associates in a report on Thursday, May 7th. Finally, Weiss Ratings cut shares of Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 27th. One equities research 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $192.08.

Jack Henry & Associates Stock Down 2.3%

JKHY stock opened at $141.43 on Monday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04. Jack Henry & Associates has a twelve month low of $139.00 and a twelve month high of $193.39. The company’s 50 day moving average is $157.13 and its two-hundred day moving average is $167.77. The stock has a market cap of $10.05 billion, a P/E ratio of 19.78, a PEG ratio of 2.14 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.28. The business had revenue of $615.93 million for the quarter, compared to analysts’ expectations of $619.67 million. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. Research analysts expect that Jack Henry & Associates will post 6.75 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, June 1st will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a 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%.

Institutional Investors Weigh In On Jack Henry & Associates

Several institutional investors have recently made changes to their positions in the stock. Northwest & Ethical Investments L.P. boosted its position in shares of Jack Henry & Associates by 3.3% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,002 shares of the technology company’s stock worth $365,000 after purchasing an additional 64 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Jack Henry & Associates by 2.6% during the 2nd quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company’s stock worth $466,000 after purchasing an additional 69 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ boosted its position in shares of Jack Henry & Associates by 0.3% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 22,768 shares of the technology company’s stock worth $3,598,000 after purchasing an additional 71 shares in the last quarter. DNB Asset Management AS boosted its position in shares of Jack Henry & Associates by 0.6% during the 4th quarter. DNB Asset Management AS now owns 13,261 shares of the technology company’s stock worth $2,420,000 after purchasing an additional 76 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of Jack Henry & Associates by 5.1% during the 4th quarter. Schroder Investment Management Group now owns 1,595 shares of the technology company’s stock worth $291,000 after purchasing an additional 77 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other 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.