Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock Has Average Price Target of $191.47

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been given a consensus rating of “Moderate Buy” by the eighteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $191.47.

A number of research firms have recently commented on JKHY. Morgan Stanley lowered their target price on Jack Henry & Associates from $170.00 to $158.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 30th. Barclays increased their price target on shares of Jack Henry & Associates from $170.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Royal Bank Of Canada restated an “outperform” rating and set a $178.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, September 30th. Weiss Ratings upgraded shares of Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Jack Henry & Associates in a research report on Wednesday, September 16th.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $153.08 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.17 and a quick ratio of 1.17. Jack Henry & Associates has a one year low of $121.04 and a one year high of $193.39. The stock has a 50-day moving average of $156.55 and a 200-day moving average of $148.84. The company has a market cap of $10.73 billion, a PE ratio of 21.47, a P/E/G ratio of 1.70 and a beta of 0.56.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.13. The company had revenue of $633.10 million for the quarter, compared to analyst estimates of $631.60 million. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $1.75 earnings per share. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. On average, equities research analysts predict that Jack Henry & Associates will post 7.31 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Monday, September 7th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, September 4th. Jack Henry & Associates’s dividend payout ratio is currently 35.01%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of JKHY. Van ECK Associates Corp raised its holdings in shares of Jack Henry & Associates by 1,918.2% during the 2nd quarter. Van ECK Associates Corp now owns 1,308,353 shares of the technology company’s stock valued at $180,213,000 after buying an additional 1,243,526 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Jack Henry & Associates by 13,343.0% in the first quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company’s stock worth $170,430,000 after buying an additional 1,070,376 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Jack Henry & Associates by 13.0% in the first quarter. Dimensional Fund Advisors LP now owns 752,025 shares of the technology company’s stock worth $118,842,000 after buying an additional 86,810 shares in the last quarter. First Trust Advisors LP boosted its stake in Jack Henry & Associates by 33.8% in the first quarter. First Trust Advisors LP now owns 734,298 shares of the technology company’s stock worth $116,048,000 after buying an additional 185,465 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Jack Henry & Associates by 17.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 684,288 shares of the technology company’s stock valued at $124,869,000 after acquiring an additional 100,619 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company that provides software, payment processing and related services to banks, credit unions and other financial institutions. Founded in 1976 and headquartered in Monett, Missouri, the company serves primarily U.S.-based community and regional financial institutions.

The company offers core processing platforms for banks and credit unions, including Jack Henry Banking and Symitar solutions. Its products and services support account processing, lending, deposit operations, financial reporting, digital banking, mobile banking and customer relationship management.

Jack Henry also provides payment processing, card services, electronic funds transfer capabilities, online account opening, cybersecurity, document and information management, business intelligence and other technology services.