Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives $200.15 Average Target Price from Brokerages

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has earned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $200.1538.

Several research analysts recently weighed in on JKHY shares. Weiss Ratings downgraded shares of Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 27th. Wells Fargo & Company upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $181.00 to $196.00 in a research report on Tuesday, February 17th. Loop Capital initiated coverage on Jack Henry & Associates in a research note on Tuesday, March 31st. They issued a “buy” rating and a $197.00 price objective for the company. Wolfe Research set a $220.00 target price on Jack Henry & Associates and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Finally, Robert W. Baird raised Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 target price on the stock in a research note on Thursday, February 5th.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY opened at $150.60 on Friday. The company has a market capitalization of $10.87 billion, a P/E ratio of 21.64, a P/E/G ratio of 2.34 and a beta of 0.72. Jack Henry & Associates has a 1-year low of $144.12 and a 1-year high of $193.39. The firm’s 50 day simple moving average is $159.75 and its two-hundred day simple moving average is $167.96. 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 announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.29. The firm had revenue of $611.18 million during the quarter, compared to analysts’ expectations of $608.46 million. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.34 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. Research analysts expect that Jack Henry & Associates will post 6.67 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Thursday, March 5th were issued a dividend of $0.61 per share. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $2.44 dividend on an annualized basis and a yield of 1.6%. Jack Henry & Associates’s payout ratio is 35.06%.

Hedge Funds Weigh In On Jack Henry & Associates

Hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC grew its stake 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 acquiring an additional 169 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Jack Henry & Associates in the 2nd quarter worth $35,000. Caitong International Asset Management Co. Ltd lifted its stake in 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 purchasing an additional 195 shares in the last quarter. MUFG Securities EMEA plc bought a new position in shares of Jack Henry & Associates during the 2nd quarter valued at about $39,000. Finally, Quent Capital LLC bought a new position in shares of Jack Henry & Associates during the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

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.