Jack Henry & Associates, Inc. (NASDAQ:JKHY) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Jack Henry & Associates, Inc. (NASDAQ:JKHY) has received an average recommendation of "Hold" from analysts, with nine hold ratings and two buy ratings among the eleven covering the company.
• The company's stock opened at $155.72, reflecting a 0.8% decrease in value, and analysts have set an average 12-month price target of $174.00.
• Jack Henry recently declared a quarterly dividend of $0.58 per share, resulting in an annualized yield of 1.5% and a payout ratio of 37.18%.

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) have been given an average recommendation of "Hold" by the eleven analysts that are currently covering the company, Marketbeat reports. Nine analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $174.00.

A number of equities analysts have recently commented on JKHY shares. Keefe, Bruyette & Woods lowered their price objective on Jack Henry & Associates from $178.00 to $170.00 and set a "market perform" rating for the company in a research report on Wednesday, October 1st. UBS Group lowered their price objective on Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating for the company in a research report on Thursday, August 21st. Royal Bank Of Canada lowered their price objective on Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating for the company in a research report on Thursday, August 21st. The Goldman Sachs Group lowered their price target on Jack Henry & Associates from $173.00 to $155.00 and set a "neutral" rating for the company in a report on Monday, October 13th. Finally, Wall Street Zen cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Saturday, October 11th.

Jack Henry & Associates Stock Down 0.8%

NASDAQ:JKHY opened at $155.72 on Friday. The company has a fifty day simple moving average of $156.30 and a two-hundred day simple moving average of $169.18. The company has a market cap of $11.32 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 2.84 and a beta of 0.78. Jack Henry & Associates has a 52 week low of $144.12 and a 52 week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The technology company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.50 by $0.25. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The business had revenue of $615.37 million during the quarter, compared to the consensus estimate of $602.20 million. During the same quarter in the previous year, the firm posted $1.33 earnings per share. The company's quarterly revenue was up 9.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, analysts expect that Jack Henry & Associates will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were paid a dividend of $0.58 per share. The ex-dividend date was Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a yield of 1.5%. Jack Henry & Associates's dividend payout ratio is currently 37.18%.

Insider Buying and Selling

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $167.28, for a total value of $966,878.40. Following the completion of the sale, the director owned 139,265 shares of the company's stock, valued at approximately $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by insiders.

Institutional Trading of Jack Henry & Associates

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Summit Securities Group LLC acquired a new position in shares of Jack Henry & Associates during the 1st quarter worth $26,000. Hantz Financial Services Inc. acquired a new position in Jack Henry & Associates during the second quarter worth about $27,000. CYBER HORNET ETFs LLC acquired a new position in Jack Henry & Associates during the second quarter worth about $35,000. Cullen Frost Bankers Inc. acquired a new position in Jack Henry & Associates during the first quarter worth about $38,000. Finally, Private Trust Co. NA raised its position in Jack Henry & Associates by 49.0% during the second quarter. Private Trust Co. NA now owns 216 shares of the technology company's stock worth $39,000 after acquiring an additional 71 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.