Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts rate Jack Henry & Associates “Moderate Buy”: Of 18 analysts, 12 recommend buying, five rate it a hold and one gives it a strong buy rating. The average 12-month price target is $191.47.
• Quarterly results exceeded expectations: The company reported $1.57 in earnings per share versus the $1.44 consensus estimate, while revenue reached $633.1 million, up 4.6% year over year.
• Shareholders received a quarterly dividend of $0.61: The annualized dividend is $2.44 per share, representing a 1.6% yield and a 35.01% payout ratio; institutional investors own 98.75% of the stock.

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eighteen ratings firms that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $191.47.

JKHY has been the topic of a number of recent research reports. KeyCorp began coverage on Jack Henry & Associates in a research report on Monday, September 14th. They set an "overweight" rating and a $190.00 price objective on the stock. Oppenheimer lifted their target price on Jack Henry & Associates from $208.00 to $209.00 and gave the company an "outperform" rating in a report on Wednesday, August 19th. Barclays boosted their target price on Jack Henry & Associates from $170.00 to $185.00 and gave the stock an "overweight" rating in a research note on Thursday, August 20th. DA Davidson restated a "buy" rating and set a $198.00 price target on shares of Jack Henry & Associates in a report on Wednesday, September 2nd. Finally, Weiss Ratings raised Jack Henry & Associates from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 20th.

Jack Henry & Associates Trading Up 2.3%

NASDAQ JKHY opened at $149.05 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 1.66 and a beta of 0.56. The firm has a 50 day simple moving average of $156.85 and a 200-day simple moving average of $149.03. Jack Henry & Associates has a one year low of $121.04 and a one year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.13. The firm had revenue of $633.10 million for the quarter, compared to the consensus estimate of $631.60 million. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.75 EPS. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Equities research analysts anticipate that Jack Henry & Associates will post 7.31 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.6%. Jack Henry & Associates's payout ratio is currently 35.01%.

Institutional Trading of Jack Henry & Associates

Several hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in 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 worth $180,213,000 after acquiring an additional 1,243,526 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Jack Henry & Associates by 13,343.0% in the 1st quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company's stock valued at $170,430,000 after purchasing an additional 1,070,376 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Jack Henry & Associates by 17.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 684,288 shares of the technology company's stock valued at $124,869,000 after purchasing an additional 100,619 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Jack Henry & Associates by 13.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 752,025 shares of the technology company's stock worth $118,842,000 after purchasing an additional 86,810 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Jack Henry & Associates by 33.8% during the 1st quarter. First Trust Advisors LP now owns 734,298 shares of the technology company's stock worth $116,048,000 after purchasing an additional 185,465 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

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.

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