Jack Henry & Associates (NASDAQ:JKHY) Upgraded at Barclays

Barclays upgraded shares of Jack Henry & Associates (NASDAQ:JKHY) to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings lowered shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. UBS Group set a $165.00 target price on shares of Jack Henry & Associates in a research note on Thursday, May 7th. DA Davidson reaffirmed a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a research report on Monday, May 11th. Morgan Stanley set a $170.00 price target on shares of Jack Henry & Associates in a research note on Friday, May 8th. Finally, Loop Capital initiated coverage on Jack Henry & Associates in a report on Tuesday, March 31st. They issued a “buy” rating and a $197.00 price target for the company. Two analysts have 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $186.07.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $150.22 on Tuesday. The stock’s fifty day moving average is $137.23 and its two-hundred day moving average is $157.75. The company has a market capitalization of $10.67 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 2.07 and a beta of 0.57. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.04. Jack Henry & Associates has a 52 week low of $121.04 and a 52 week high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last released its 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. The business had revenue of $615.93 million during the quarter, compared to the consensus estimate of $619.67 million. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.The business’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 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, analysts expect that Jack Henry & Associates will post 6.84 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Monday, June 1st were paid a $0.61 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.44 dividend on an annualized basis and a yield of 1.6%. Jack Henry & Associates’s payout ratio is 34.13%.

Insiders Place Their Bets

In related news, CEO Gregory R. Adelson bought 2,000 shares of the stock in a transaction on Thursday, May 14th. The stock was bought at an average price of $133.42 per share, for a total transaction of $266,840.00. Following the completion of the acquisition, the chief executive officer directly owned 21,036 shares in the company, valued at approximately $2,806,623.12. This represents a 10.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Mimi Carsley bought 375 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $134.12 per share, for a total transaction 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 represents a 6.66% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.60% of the stock is owned by corporate insiders.

Institutional Trading of Jack Henry & Associates

A number of institutional investors have recently modified their holdings of the company. Northwest & Ethical Investments L.P. grew its position in shares of Jack Henry & Associates by 3.3% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,002 shares of the technology company’s stock worth $365,000 after buying an additional 64 shares during the last quarter. Advisory Services Network LLC lifted its position in Jack Henry & Associates by 2.6% during the second quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company’s stock valued at $466,000 after acquiring an additional 69 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ boosted its stake in Jack Henry & Associates by 0.3% in the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 22,768 shares of the technology company’s stock valued at $3,598,000 after acquiring an additional 71 shares in the last quarter. Essential Partners LLC boosted its stake in Jack Henry & Associates by 65.8% in the first quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock valued at $29,000 after acquiring an additional 73 shares in the last quarter. Finally, DNB Asset Management AS grew its holdings in Jack Henry & Associates by 0.6% in the fourth 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 during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Company Profile

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.