Jack Henry & Associates (NASDAQ:JKHY) Hits New 1-Year Low - Here's Why

Key Points

• Jack Henry & Associates reached a new 52-week low of $147.59 on Tuesday, closing at $148.73, with trading volume of 392,606 shares.
• Analysts have lowered their price targets for the company, with UBS Group reducing it from $185 to $175, reflecting a consensus average target price of $182.33 and an average rating of "Hold."
• The company announced a quarterly dividend of $0.58 per share, yielding 1.6% annually, with a payout ratio of 37.18%.

Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report)'s stock price hit a new 52-week low on Tuesday . The stock traded as low as $147.59 and last traded at $148.73, with a volume of 392606 shares trading hands. The stock had previously closed at $151.17.

Analyst Ratings Changes

Several equities analysts have weighed in on JKHY shares. UBS Group dropped their price objective on Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating on the stock in a research note on Thursday, August 21st. Robert W. Baird dropped their price objective on Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 20th. Keefe, Bruyette & Woods dropped their price objective on Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating on the stock in a research note on Thursday, August 21st. Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Finally, Royal Bank Of Canada lowered their target price on Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 21st. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $182.33.

Jack Henry & Associates Stock Performance

The stock has a 50-day moving average of $162.76 and a two-hundred day moving average of $172.35. The company has a market cap of $10.82 billion, a P/E ratio of 23.87, a P/E/G ratio of 2.66 and a beta of 0.79.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.25. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The company 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 company posted $1.33 EPS. Jack Henry & Associates'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. As a group, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were given a $0.58 dividend. The ex-dividend date was Friday, September 5th. This represents a $2.32 annualized dividend and a yield of 1.6%. Jack Henry & Associates's payout ratio is presently 37.18%.

Insiders Place Their Bets

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the business's stock in a transaction that occurred 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 in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.37% of the company's stock.

Hedge Funds Weigh In On Jack Henry & Associates

Several hedge funds have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. purchased a new position in shares of Jack Henry & Associates during the second quarter valued at approximately $382,000. Advisory Services Network LLC increased its stake in shares of Jack Henry & Associates by 2.6% during the second quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company's stock valued at $466,000 after buying an additional 69 shares during the period. State of Wyoming increased its stake in shares of Jack Henry & Associates by 22.4% during the second quarter. State of Wyoming now owns 1,360 shares of the technology company's stock valued at $245,000 after buying an additional 249 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Jack Henry & Associates during the second quarter valued at approximately $35,000. Finally, Goodman Advisory Group LLC purchased a new position in shares of Jack Henry & Associates during the second quarter valued at approximately $477,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Company Profile

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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