Jack Henry & Associates (NASDAQ:JKHY) Hits New 12-Month Low - What's Next?

Key Points

• Jack Henry & Associates reached a new 52-week low of $157.71 during trading, with analysts predicting a consensus price target of $182.33 for the stock.
• The company recently declared a quarterly dividend of $0.58 per share, representing an annualized dividend yield of 1.5%.
• After reporting better-than-expected earnings of $1.75 per share, analysts have provided mixed ratings, with three maintaining a Buy rating and others downgrading the stock to Hold.

Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as $157.71 and last traded at $158.30, with a volume of 414416 shares. The stock had previously closed at $160.12.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on JKHY shares. Robert W. Baird cut their target price on shares of 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. Wall Street Zen downgraded shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. DA Davidson set a $204.00 price objective on shares of Jack Henry & Associates in a research report on Friday, August 22nd. UBS Group dropped their price objective on shares of Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating on the stock in a research report on Thursday, August 21st. Finally, Keefe, Bruyette & Woods dropped 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 report on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $182.33.

Jack Henry & Associates Stock Down 1.6%

The firm has a market cap of $11.07 billion, a PE ratio of 24.38, a P/E/G ratio of 2.85 and a beta of 0.79. The firm's 50 day moving average is $166.45 and its 200-day moving average is $173.88.

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

Jack Henry & Associates Announces Dividend

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

Insider Buying and Selling

In related news, Director David B. Foss sold 5,780 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $167.28, for a total transaction of $966,878.40. Following the completion of the transaction, the director owned 139,265 shares of the company's stock, valued at approximately $23,296,249.20. This represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.37% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JKHY. Axxcess Wealth Management LLC boosted its stake in Jack Henry & Associates by 2.3% during the 1st quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company's stock valued at $479,000 after acquiring an additional 59 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Jack Henry & Associates by 2.1% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,115 shares of the technology company's stock worth $569,000 after buying an additional 64 shares in the last quarter. Strengthening Families & Communities LLC boosted its holdings in Jack Henry & Associates by 12.1% during the first quarter. Strengthening Families & Communities LLC now owns 632 shares of the technology company's stock worth $105,000 after buying an additional 68 shares in the last quarter. Blue Trust Inc. boosted its holdings in Jack Henry & Associates by 11.3% during the second quarter. Blue Trust Inc. now owns 670 shares of the technology company's stock worth $121,000 after buying an additional 68 shares in the last quarter. Finally, Advisory Services Network LLC boosted its holdings in 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 worth $466,000 after buying an additional 69 shares in the last quarter. 98.75% of the stock is currently 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.