Jack Henry & Associates (NASDAQ:JKHY) Given New $198.00 Price Target at DA Davidson

Jack Henry & Associates (NASDAQ:JKHY) had its target price trimmed by DA Davidson from $216.00 to $198.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

JKHY has been the subject of several other research reports. Robert W. Baird upgraded shares of Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price objective for the company in a research report on Thursday, February 5th. UBS Group lifted their price target on shares of Jack Henry & Associates from $175.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Morgan Stanley boosted their price objective on shares of Jack Henry & Associates from $168.00 to $183.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Stephens upgraded shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a report on Thursday, February 5th. Finally, Weiss Ratings lowered shares of Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Jack Henry & Associates has a consensus rating of “Moderate Buy” and an average price target of $198.77.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY traded up $0.28 during midday trading on Friday, reaching $154.03. 832,188 shares of the company’s stock were exchanged, compared to its average volume of 790,162. The company’s 50 day simple moving average is $159.16 and its two-hundred day simple moving average is $168.06. The firm has a market capitalization of $11.12 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 2.30 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 debt-to-equity ratio of 0.01, a quick ratio of 1.60 and a current ratio of 1.60.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.29. The company had revenue of $611.18 million during the quarter, compared to the consensus estimate of $608.46 million. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $1.34 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. Equities research analysts expect that Jack Henry & Associates will post 6.69 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

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

Institutional Investors Weigh In On Jack Henry & Associates

A number of hedge funds have recently made changes to their positions in the stock. Northwest & Ethical Investments L.P. boosted its stake 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 valued at $365,000 after purchasing an additional 64 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of Jack Henry & Associates by 2.6% in the 2nd quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company’s stock worth $466,000 after purchasing an additional 69 shares during the period. Lansforsakringar Fondforvaltning AB publ increased its stake in shares of Jack Henry & Associates by 0.3% in the 1st 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. DNB Asset Management AS increased its stake in shares of Jack Henry & Associates by 0.6% in the 4th quarter. DNB Asset Management AS now owns 13,261 shares of the technology company’s stock valued at $2,420,000 after acquiring an additional 76 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in shares of Jack Henry & Associates by 5.1% in the 4th quarter. Schroder Investment Management Group now owns 1,595 shares of the technology company’s stock valued at $291,000 after acquiring an additional 77 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

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.