Jack Henry & Associates (JKHY) Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Jack Henry & Associates in the last twelve months. There are currently 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" JKHY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in JKHY, but not buy additional shares or sell existing shares.
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13 analysts have issued 1 year price targets for Jack Henry & Associates' shares. Their JKHY share price forecasts range from $162.00 to $185.00. On average, they expect the company's stock price to reach $174.00 in the next twelve months. This suggests a possible upside of 17.3% from the stock's current price.
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Jack Henry & Associates' stock was trading at $175.56 at the start of the year. Since then, JKHY stock has decreased by 15.5% and is now trading at $148.38.
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Jack Henry & Associates saw a decline in short interest in August. As of August 31st, there was short interest totaling 2,780,000 shares, a decline of 7.0% from the August 15th total of 2,990,000 shares. Based on an average daily volume of 517,800 shares, the short-interest ratio is currently 5.4 days. Currently, 3.8% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
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Jack Henry & Associates, Inc. (NASDAQ:JKHY) posted its earnings results on Wednesday, August, 16th. The technology company reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.15. The technology company had revenue of $534.63 million for the quarter, compared to the consensus estimate of $512.78 million. Jack Henry & Associates had a net margin of 17.65% and a trailing twelve-month return on equity of 23.97%. The business's revenue was up 10.8% compared to the same quarter last year. During the same period last year, the business earned $1.10 EPS.
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Jack Henry & Associates announced a quarterly dividend on Friday, August 18th. Shareholders of record on Friday, September 8th will be given a dividend of $0.52 per share on Thursday, September 28th. This represents a $2.08 annualized dividend and a yield of 1.40%. The ex-dividend date is Thursday, September 7th.
Read our dividend analysis for JKHY.

ETFs with the largest weight of Jack Henry & Associates (NASDAQ:JKHY) stock in their portfolio include Global X FinTech Thematic ETF (FINX), Formidable Fortress ETF (KONG), ProShares S&P Technology Dividend Aristocrats ETF (TDV), Victoryshares Dividend Accelerator ETF (VSDA), ETFMG Prime Mobile Payments ETF (IPAY), Goldman Sachs Future Tech Leaders Equity ETF (GTEK), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM) and Invesco S&P 500 Equal Weight Financials ETF (RSPF).

Jack Henry & Associates (NASDAQ:JKHY) pays an annual dividend of $2.08 per share and currently has a dividend yield of 1.36%. The company has been increasing its dividend for 33 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 41.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, JKHY will have a dividend payout ratio of 37.96% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for JKHY.

Jack Henry & Associates issued an update on its FY 2024 earnings guidance on Tuesday, August, 15th. The company provided EPS guidance of $4.92-$4.99 for the period, compared to the consensus earnings per share estimate of $5.32. The company issued revenue guidance of $2.19 billion-$2.21 billion, compared to the consensus revenue estimate of $2.19 billion.

208 employees have rated Jack Henry & Associates Chief Executive Officer David Foss on Glassdoor.com. David Foss has an approval rating of 84% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Jack Henry & Associates investors own include Johnson & Johnson (JNJ), NVIDIA (NVDA), Walt Disney (DIS), Home Depot (HD), Intuit (INTU), Verizon Communications (VZ), AbbVie (ABBV), Intel (INTC), Cisco Systems (CSCO) and Alibaba Group (BABA).

Jack Henry & Associates trades on the NASDAQ under the ticker symbol "JKHY."

Jack Henry & Associates' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (499.56%), BlackRock Inc. (9.92%), Kayne Anderson Rudnick Investment Management LLC (5.07%), State Street Corp (4.42%), JPMorgan Chase & Co. (2.94%) and Geode Capital Management LLC (2.44%). Insiders that own company stock include David B Foss, Laura G Kelly, Stacey E Zengel, Thomas A Wimsett and Thomas Hampton Jr Wilson.
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Shares of JKHY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of JKHY stock can currently be purchased for approximately $148.38.

Jack Henry & Associates (NASDAQ:JKHY) has a market capitalization of $10.82 billion and generates $2.08 billion in revenue each year. The technology company earns $366.65 million in net income (profit) each year or $5.02 on an earnings per share basis.

The company employs 7,120 workers across the globe.

Jack Henry & Associates' mailing address is PO BOX 807 663 HWY 60, MONETT MO, 65708. The official website for the company is www.jackhenry.com. The technology company can be reached via phone at (417) 235-6652, via email at kwilliams@jackhenry.com, or via fax at 417-235-8406.