Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock Has Consensus Price Target of $190.00 According to Brokerages

Key Points

• Analyst sentiment is moderately bullish: Nineteen firms rate Jack Henry & Associates a “Moderate Buy,” with 13 buys, five holds and one strong buy. The average 12-month price target is $190, above the reported $163.42 opening price.
• The company’s latest quarterly results exceeded expectations, posting $1.57 in EPS versus the $1.44 consensus and $633.1 million in revenue. Revenue increased 4.6% year over year, while analysts project approximately $7.30 in current-year EPS.
• Jack Henry recently paid a quarterly dividend of $0.61 per share, equivalent to a $2.44 annualized dividend and a 1.5% yield. Institutional investors own 98.75% of the stock, with several major firms increasing their holdings.

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nineteen ratings firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $190.00.

Several analysts have recently issued reports on the stock. Piper Sandler upgraded shares of Jack Henry & Associates from a "neutral" rating to an "overweight" rating and set a $175.00 target price for the company in a research note on Friday, October 9th. UBS Group reaffirmed a "neutral" rating on shares of Jack Henry & Associates in a report on Wednesday, September 16th. Raymond James Financial upped their price objective on shares of Jack Henry & Associates from $192.00 to $199.00 and gave the company a "strong-buy" rating in a report on Wednesday, September 16th. KeyCorp began coverage on Jack Henry & Associates in a research report on Monday, September 14th. They set an "overweight" rating and a $190.00 target price on the stock. Finally, DA Davidson reissued a "buy" rating and set a $198.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, September 2nd.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $163.42 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.02. The firm has a fifty day simple moving average of $156.81 and a two-hundred day simple moving average of $154.74. Jack Henry & Associates has a 12 month low of $121.04 and a 12 month high of $193.39. The firm has a market capitalization of $11.46 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 1.96 and a beta of 0.56.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.13. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The business had revenue of $633.10 million for the quarter, compared to analysts' expectations of $631.60 million. During the same quarter last year, the firm earned $1.75 EPS. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Analysts forecast that Jack Henry & Associates will post 7.30 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp boosted its holdings in shares of Jack Henry & Associates by 1,918.2% during the second quarter. Van ECK Associates Corp now owns 1,308,353 shares of the technology company's stock worth $180,213,000 after purchasing an additional 1,243,526 shares during the period. Janus Henderson Group PLC grew its stake in shares of Jack Henry & Associates by 13,343.0% in the first quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company's stock worth $170,430,000 after purchasing an additional 1,070,376 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in 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 valued at $118,842,000 after purchasing an additional 86,810 shares during the period. First Trust Advisors LP increased its holdings in 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 valued at $116,048,000 after purchasing an additional 185,465 shares during the period. Finally, Epoch Investment Partners Inc. increased its holdings in Jack Henry & Associates by 82.4% during the 1st quarter. Epoch Investment Partners Inc. now owns 681,587 shares of the technology company's stock valued at $107,718,000 after purchasing an additional 307,886 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company that provides software, payment solutions and technology services to banks and credit unions. Its offerings are designed to support core banking operations, digital banking, account management, lending, payments, fraud prevention and other financial institution functions.

The company serves community and regional banks, credit unions and other financial services organizations in the United States. Its products are delivered through integrated platforms and services intended to help financial institutions manage daily operations, improve customer and member experiences, and connect with third-party financial technology providers.

Founded in 1976 and headquartered in Monett, Missouri, Jack Henry has expanded through internal development and acquisitions, including the 2004 acquisition of Symitar, a provider of core processing and related technology for credit unions.

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