Jack Henry & Associates (NASDAQ:JKHY) Downgraded by Wall Street Zen to "Hold"

Key Points

• Jack Henry & Associates has been downgraded from a "buy" rating to a "hold" rating by analysts at Wall Street Zen.
• Several analysts have also lowered their price targets for the stock, with the average target price now at $182.70.
• The company recently reported quarterly earnings of $1.75 EPS, surpassing analysts' expectations of $1.50, with revenue growth of 9.9% compared to the previous year.

Wall Street Zen downgraded shares of Jack Henry & Associates (NASDAQ:JKHY - Free Report) from a buy rating to a hold rating in a research note released on Saturday morning.

Several other equities research analysts also recently issued reports on JKHY. Royal Bank Of Canada dropped their price objective on Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating on the stock in a report on Thursday, August 21st. UBS Group decreased their price target on shares of 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. DA Davidson set a $204.00 price target on shares of Jack Henry & Associates in a report on Friday, August 22nd. Keefe, Bruyette & Woods reduced their price objective on shares of 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. Finally, Robert W. Baird dropped their target price on shares of Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, August 20th. 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. According to data from MarketBeat.com, Jack Henry & Associates currently has an average rating of "Hold" and an average target price of $182.33.

Jack Henry & Associates Trading Up 0.2%

JKHY stock traded up $0.28 during trading on Friday, reaching $161.87. The stock had a trading volume of 643,497 shares, compared to its average volume of 843,419. The firm has a fifty day moving average price of $170.51 and a 200 day moving average price of $174.68. The company has a market capitalization of $11.80 billion, a P/E ratio of 25.94, a PEG ratio of 2.90 and a beta of 0.79. Jack Henry & Associates has a 1-year low of $157.80 and a 1-year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, beating the consensus estimate 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 period last year, the firm earned $1.33 earnings per share. The company's revenue was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. Sell-side analysts predict 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 will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.32 annualized dividend and a dividend yield of 1.4%. Jack Henry & Associates's payout ratio is 37.18%.

Insiders Place Their Bets

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $167.28, for a total value of $966,878.40. Following the transaction, the director owned 139,265 shares of the company's stock, valued at $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Jack Henry & Associates

Several institutional investors have recently made changes to their positions in the stock. Northern Trust Corp boosted its position in Jack Henry & Associates by 9.9% during the 4th quarter. Northern Trust Corp now owns 788,861 shares of the technology company's stock valued at $138,287,000 after purchasing an additional 71,304 shares during the period. AQR Capital Management LLC lifted its stake in Jack Henry & Associates by 363.7% in the fourth quarter. AQR Capital Management LLC now owns 174,136 shares of the technology company's stock valued at $30,526,000 after buying an additional 136,579 shares during the last quarter. Comerica Bank boosted its holdings in shares of Jack Henry & Associates by 7.9% during the fourth quarter. Comerica Bank now owns 41,521 shares of the technology company's stock valued at $7,279,000 after acquiring an additional 3,054 shares during the period. Freestone Grove Partners LP bought a new position in shares of Jack Henry & Associates during the fourth quarter worth about $1,293,000. Finally, Mercer Global Advisors Inc. ADV increased its holdings in shares of Jack Henry & Associates by 293.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 83,302 shares of the technology company's stock worth $14,603,000 after acquiring an additional 62,153 shares during the period. 98.75% of the stock is owned by institutional investors.

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.