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

Key Points

• Analysts hold a “Moderate Buy” consensus on Jack Henry & Associates, with 11 buy ratings, five holds and one strong buy. The average 12-month price target is $192, compared with the stock’s reported price of $161.12.
• Jack Henry reported quarterly EPS of $1.57, beating the $1.44 consensus estimate, while revenue rose 4.6% year over year to $633.1 million. Analysts expect approximately $7.36 in EPS for the current year.
• Institutional investors own 98.75% of the company, with several funds recently increasing their positions. The company also declared a quarterly dividend of $0.61 per share, representing a 1.5% annualized yield.

Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seventeen research firms that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $192.00.

Several research firms have issued reports on JKHY. Oppenheimer upped their price objective on Jack Henry & Associates from $208.00 to $209.00 and gave the company an "outperform" rating in a research note on Wednesday, August 19th. UBS Group boosted their target price on Jack Henry & Associates from $165.00 to $170.00 and gave the stock a "neutral" rating in a report on Thursday, August 20th. Barclays increased their price target on Jack Henry & Associates from $170.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday, August 20th. Weiss Ratings raised shares of Jack Henry & Associates from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 20th. Finally, Piper Sandler initiated coverage on shares of Jack Henry & Associates in a report on Thursday. They issued a "neutral" rating and a $171.00 price objective on the stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of JKHY. Northwestern Mutual Wealth Management Co. grew its holdings in Jack Henry & Associates by 6,728.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company's stock valued at $113,420,000 after buying an additional 612,444 shares in the last quarter. Dai ichi Life Insurance Company Ltd boosted its position in shares of Jack Henry & Associates by 231.1% in the first quarter. Dai ichi Life Insurance Company Ltd now owns 21,102 shares of the technology company's stock valued at $3,335,000 after acquiring an additional 14,728 shares during the period. Swedbank AB boosted its position in shares of Jack Henry & Associates by 230.2% in the fourth quarter. Swedbank AB now owns 143,787 shares of the technology company's stock valued at $26,238,000 after acquiring an additional 100,239 shares during the period. Amica Mutual Insurance Co. grew its stake in shares of Jack Henry & Associates by 60.4% in the fourth quarter. Amica Mutual Insurance Co. now owns 48,570 shares of the technology company's stock valued at $8,863,000 after acquiring an additional 18,283 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Jack Henry & Associates in the first quarter valued at about $3,569,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $161.12 on Monday. The firm has a market capitalization of $11.30 billion, a P/E ratio of 23.12, a PEG ratio of 1.82 and a beta of 0.56. Jack Henry & Associates has a 1 year low of $121.04 and a 1 year high of $193.39. The business has a 50-day moving average of $157.31 and a 200-day moving average of $151.21. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.02.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.13. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%.The firm had revenue of $633.10 million during the quarter, compared to analysts' expectations of $631.60 million. During the same period in the previous year, the firm earned $1.75 earnings per share. The company's revenue was up 4.6% on a year-over-year basis. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. On average, equities analysts anticipate that Jack Henry & Associates will post 7.36 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Monday, September 7th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.5%. Jack Henry & Associates's payout ratio is presently 35.01%.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company that provides software and technology services to banks, credit unions and other financial institutions. Its solutions are designed to support core processing, digital banking, payments, lending, risk management and operational workflows.

The company's products include core banking platforms, online and mobile banking tools, payment processing services, electronic bill pay, loan origination and document management solutions, fraud prevention tools, and technology that helps financial institutions connect with third-party applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.