Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives $200.42 Average Price Target from Analysts

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have earned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $200.4167.

A number of equities analysts have recently commented on JKHY shares. Stephens upgraded shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price target on the stock in a report on Thursday, February 5th. Wall Street Zen lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. DA Davidson reiterated a “buy” rating and issued a $216.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, February 4th. Weiss Ratings downgraded Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 24th. Finally, Morgan Stanley upped their target price on Jack Henry & Associates from $168.00 to $183.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th.

Jack Henry & Associates Trading Down 0.2%

NASDAQ JKHY opened at $168.43 on Thursday. The company has a market cap of $12.16 billion, a price-to-earnings ratio of 24.20, a price-to-earnings-growth ratio of 2.56 and a beta of 0.72. Jack Henry & Associates has a twelve month low of $144.12 and a twelve month high of $196.00. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average is $175.70 and its 200 day moving average is $167.54.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.29. Jack Henry & Associates had a return on equity of 23.75% and a net margin of 20.59%.The firm had revenue of $611.18 million for the quarter, compared to analyst estimates of $608.46 million. During the same period last year, the firm posted $1.34 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. As a group, sell-side analysts expect that Jack Henry & Associates will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.58. Jack Henry & Associates’s payout ratio is currently 35.06%.

Hedge Funds Weigh In On Jack Henry & Associates

Hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. bought a new stake in Jack Henry & Associates during the second quarter valued at $27,000. Caitong International Asset Management Co. Ltd lifted its stake 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 valued at $30,000 after purchasing an additional 195 shares during the period. Larson Financial Group LLC boosted its position in shares of Jack Henry & Associates by 2,816.7% during the 4th quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after purchasing an additional 169 shares in the last quarter. Quent Capital LLC bought a new stake in Jack Henry & Associates in the third quarter worth approximately $33,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Jack Henry & Associates in the second quarter valued at approximately $35,000. Institutional investors own 98.75% of the company’s stock.

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.