Jack Henry & Associates (NASDAQ:JKHY) Hits New 52-Week Low – What’s Next?

Jack Henry & Associates, Inc. (NASDAQ:JKHY) reached a new 52-week low on Friday . The stock traded as low as $124.63 and last traded at $126.5980, with a volume of 55915 shares changing hands. The stock had previously closed at $125.96.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on JKHY shares. The Goldman Sachs Group cut their price objective on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Royal Bank Of Canada cut their price objective on Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating on the stock 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. Wells Fargo & Company raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $181.00 to $196.00 in a report on Tuesday, February 17th. Finally, Loop Capital started coverage on Jack Henry & Associates in a report on Tuesday, March 31st. They set a “buy” rating and a $197.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.08.

Jack Henry & Associates Stock Performance

The firm has a market capitalization of $9.13 billion, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 1.87 and a beta of 0.58. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $144.72 and a 200-day moving average of $164.07.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.28. The business had revenue of $615.93 million during the quarter, compared to analyst estimates of $619.67 million. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.Jack Henry & Associates’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the company earned $1.52 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. On average, equities analysts anticipate that Jack Henry & Associates, Inc. will post 6.84 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, June 1st will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 34.13%.

Insider Buying and Selling at Jack Henry & Associates

In related news, CFO Mimi Carsley bought 375 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average cost of $134.12 per share, with a total value of $50,295.00. Following the transaction, the chief financial officer directly owned 6,007 shares in the company, valued at approximately $805,658.84. This trade represents a 6.66% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory R. Adelson bought 2,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average cost of $133.42 per share, with a total value of $266,840.00. Following the completion of the transaction, the chief executive officer owned 21,036 shares in the company, valued at $2,806,623.12. The trade was a 10.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Essential Partners LLC raised its position in shares of Jack Henry & Associates by 65.8% in the 1st quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock worth $29,000 after acquiring an additional 73 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Jack Henry & Associates by 3,900.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock worth $30,000 after acquiring an additional 195 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Jack Henry & Associates by 2,816.7% in the 4th quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock worth $32,000 after acquiring an additional 169 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Jack Henry & Associates in the 2nd quarter worth about $35,000. Finally, SJS Investment Consulting Inc. raised its position in shares of Jack Henry & Associates by 3,933.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock worth $38,000 after acquiring an additional 236 shares in the last quarter. 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.