Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Free Report) CFO Mimi Carsley acquired 375 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of $134.12 per share, with a total value of $50,295.00. Following the acquisition, the chief financial officer owned 6,007 shares of the company’s stock, valued at $805,658.84. This trade represents a 6.66% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Jack Henry & Associates Stock Performance
Shares of NASDAQ:JKHY traded down $7.40 on Thursday, reaching $134.03. 2,265,098 shares of the company’s stock were exchanged, compared to its average volume of 997,445. The business’s 50-day moving average is $157.13 and its two-hundred day moving average is $167.77. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.04. Jack Henry & Associates, Inc. has a fifty-two week low of $132.36 and a fifty-two week high of $193.39. The firm has a market capitalization of $9.52 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 2.14 and a beta of 0.63.
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.28. The business had revenue of $615.93 million during the quarter, compared to the consensus estimate of $619.67 million. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.52 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, equities research analysts forecast that Jack Henry & Associates, Inc. will post 6.75 EPS for the current year.
Jack Henry & Associates Announces Dividend
Institutional Trading of Jack Henry & Associates
Large investors have recently added to or reduced their stakes in the business. Modera Wealth Management LLC acquired a new stake in Jack Henry & Associates in the third quarter worth approximately $3,298,000. Pensionfund Sabic acquired a new stake in shares of Jack Henry & Associates in the fourth quarter valued at $1,204,000. Teacher Retirement System of Texas raised its position in Jack Henry & Associates by 693.2% in the third quarter. Teacher Retirement System of Texas now owns 87,817 shares of the technology company’s stock worth $13,079,000 after acquiring an additional 76,746 shares in the last quarter. Bank of New York Mellon Corp raised its position in Jack Henry & Associates by 4.8% in the third quarter. Bank of New York Mellon Corp now owns 712,751 shares of the technology company’s stock worth $106,150,000 after acquiring an additional 32,468 shares in the last quarter. Finally, Alberta Investment Management Corp bought a new stake in Jack Henry & Associates in the third quarter worth about $4,185,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages recently issued reports on JKHY. DA Davidson reissued a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a report on Monday. Wells Fargo & Company raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $181.00 to $196.00 in a research report on Tuesday, February 17th. The Goldman Sachs Group reduced their price target on shares of Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Robert W. Baird upgraded shares of Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 price target for the company in a research report on Thursday, February 5th. Finally, Royal Bank Of Canada dropped their price objective on shares of Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $192.08.
Check Out Our Latest Report on Jack Henry & Associates
About Jack Henry & Associates
Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.
The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.
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