Brokerages Set Jack Henry & Associates, Inc. (NASDAQ:JKHY) Target Price at $200.42

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has received an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $200.4167.

JKHY has been the topic of a number of research analyst reports. Weiss Ratings raised Jack Henry & Associates from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 11th. Keefe, Bruyette & Woods raised Jack Henry & Associates from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $170.00 to $215.00 in a research note on Monday, December 8th. Robert W. Baird upgraded shares of Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 target price on the stock in a report on Thursday, February 5th. DA Davidson reaffirmed a “buy” rating and issued a $216.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada upgraded shares of Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $185.00 to $210.00 in a report on Tuesday, December 16th.

Hedge Funds Weigh In On Jack Henry & Associates

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC lifted its holdings in shares of Jack Henry & Associates by 21.2% in the first quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company’s stock valued at $384,000 after purchasing an additional 367 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Jack Henry & Associates by 8.8% during the first quarter. Empowered Funds LLC now owns 7,184 shares of the technology company’s stock worth $1,312,000 after buying an additional 584 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Jack Henry & Associates by 40.6% during the first quarter. Woodline Partners LP now owns 6,159 shares of the technology company’s stock worth $1,125,000 after buying an additional 1,778 shares in the last quarter. Jane Street Group LLC acquired a new stake in Jack Henry & Associates in the 1st quarter valued at approximately $9,430,000. Finally, Focus Partners Wealth raised its position in Jack Henry & Associates by 15.1% in the 1st quarter. Focus Partners Wealth now owns 1,387 shares of the technology company’s stock valued at $253,000 after buying an additional 182 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Price Performance

JKHY opened at $157.40 on Monday. The stock has a market cap of $11.36 billion, a P/E ratio of 22.61, a P/E/G ratio of 2.40 and a beta of 0.72. Jack Henry & Associates has a 12 month low of $144.12 and a 12 month high of $193.39. 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 company has a fifty day simple moving average of $169.81 and a 200 day simple moving average of $167.93.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, February 3rd. The technology company reported $1.72 earnings per share for the quarter, topping the consensus estimate 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 in the previous year, the company posted $1.34 earnings per share. The company’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. On average, research analysts expect that Jack Henry & Associates will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

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

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.