Jack Henry & Associates - JKHY Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Jack Henry & Associates in the last twelve months. There are currently 5 hold ratings and 1 buy rating 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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6 brokerages have issued 1 year price targets for Jack Henry & Associates' stock. Their JKHY share price forecasts range from $170.00 to $198.00. On average, they anticipate the company's stock price to reach $186.17 in the next year. This suggests a possible upside of 0.8% from the stock's current price.
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Jack Henry & Associates' stock was trading at $166.99 on January 1st, 2022. Since then, JKHY shares have increased by 10.7% and is now trading at $184.78.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
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Jack Henry & Associates, Inc. (NASDAQ:JKHY) announced its earnings results on Wednesday, November, 9th. The technology company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.05. The technology company had revenue of $529.20 million for the quarter, compared to analyst estimates of $529.86 million. Jack Henry & Associates had a trailing twelve-month return on equity of 26.99% and a net margin of 18.51%. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.38 earnings per share.
Read the conference call transcript.

Jack Henry & Associates announced a quarterly dividend on Wednesday, November 16th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.49 per share on Thursday, December 22nd. This represents a $1.96 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, November 30th.
Read our dividend analysis for JKHY.

Jack Henry & Associates (NASDAQ:JKHY) pays an annual dividend of $1.96 per share and currently has a dividend yield of 1.07%. The company has been increasing its dividend for 31 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 39.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, JKHY will have a dividend payout ratio of 35.32% 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 announced that its board has initiated a stock buyback program on Monday, May 17th 2021, which authorizes the company to buyback 5,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Jack Henry & Associates issued an update on its FY 2023 earnings guidance on Tuesday, November, 8th. The company provided earnings per share guidance of $4.90-$4.94 for the period, compared to the consensus earnings per share estimate of $5.03. The company issued revenue guidance of $2.04 billion-$2.05 billion, compared to the consensus revenue estimate of $2.08 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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.06%), BlackRock Inc. (10.22%), State Street Corp (4.36%), Kayne Anderson Rudnick Investment Management LLC (4.06%), CIBC Private Wealth Group LLC (2.63%) and Neuberger Berman Group LLC (1.32%). Insiders that own company stock include David B Foss, Kevin D Williams, Stacey E Zengel, Steven W Tomson, 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 $184.78.

Jack Henry & Associates (NASDAQ:JKHY) has a market capitalization of $13.48 billion and generates $1.94 billion in revenue each year. The technology company earns $362.92 million in net income (profit) each year or $5.02 on an earnings per share basis.

The company employs 6,847 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.