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

Key Points

• Jack Henry & Associates, Inc. has received a consensus rating of "Hold" from analysts, with one sell rating, seven holds, and three buy ratings.
• The average 12-month target price for the stock among brokers is $182.33, with notable recent price adjustments from several analyst firms.
• The company recently reported an earnings per share (EPS) of $1.75, which exceeded analysts' expectations, reflecting a 9.9% increase in revenue compared to the previous year.

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) have been given an average rating of "Hold" by the eleven analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $182.3333.

Several equities research analysts have issued reports on JKHY shares. Royal Bank Of Canada cut their target price on Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating for the company in a research note on Thursday, August 21st. Wall Street Zen cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Keefe, Bruyette & Woods cut their target price on Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating for the company in a research note on Thursday, August 21st. DA Davidson set a $204.00 target price on Jack Henry & Associates in a research note on Friday, August 22nd. Finally, UBS Group cut their target price on Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating for the company in a research note on Thursday, August 21st.

Insider Buying and Selling at Jack Henry & Associates

In other news, Director David B. Foss sold 5,780 shares of Jack Henry & Associates 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 directly owned 139,265 shares of the company's stock, valued at approximately $23,296,249.20. The trade was a 3.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.37% of the company's stock.

Institutional Investors Weigh In On Jack Henry & Associates

Institutional investors have recently modified their holdings of the company. Assetmark Inc. grew its stake in shares of Jack Henry & Associates by 147.5% in the first quarter. Assetmark Inc. now owns 250 shares of the technology company's stock valued at $46,000 after buying an additional 149 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Jack Henry & Associates by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 625,991 shares of the technology company's stock valued at $114,306,000 after buying an additional 6,342 shares in the last quarter. Tandem Investment Advisors Inc. grew its stake in shares of Jack Henry & Associates by 14.5% in the first quarter. Tandem Investment Advisors Inc. now owns 649,236 shares of the technology company's stock valued at $118,550,000 after buying an additional 82,414 shares in the last quarter. Bridges Investment Management Inc. grew its stake in shares of Jack Henry & Associates by 82.7% in the first quarter. Bridges Investment Management Inc. now owns 6,720 shares of the technology company's stock valued at $1,227,000 after buying an additional 3,041 shares in the last quarter. Finally, Penserra Capital Management LLC grew its stake in shares of Jack Henry & Associates by 928.9% in the first quarter. Penserra Capital Management LLC now owns 5,340 shares of the technology company's stock valued at $974,000 after buying an additional 4,821 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $161.59 on Thursday. Jack Henry & Associates has a one year low of $157.80 and a one year high of $196.00. The company has a market cap of $11.78 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 2.93 and a beta of 0.79. The business's 50 day moving average price is $170.82 and its 200 day moving average price is $174.71.

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

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.4%. Jack Henry & Associates's payout ratio is presently 37.18%.

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.

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