Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Free Report) shares reached a new 52-week low on Wednesday . The company traded as low as $140.46 and last traded at $141.9350, with a volume of 66260 shares trading hands. The stock had previously closed at $144.73.
Analyst Upgrades and Downgrades
JKHY has been the subject of several research analyst reports. 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 note on Thursday, February 5th. UBS Group set a $165.00 price objective on Jack Henry & Associates in a research note on Thursday, May 7th. Royal Bank Of Canada reduced their price objective on Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. DA Davidson reissued a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a research report on Monday. Finally, Weiss Ratings lowered Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $192.08.
Read Our Latest Report on Jack Henry & Associates
Jack Henry & Associates Stock Down 5.2%
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.28. The firm had revenue of $615.93 million during the quarter, compared to analyst estimates of $619.67 million. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. On average, analysts forecast that Jack Henry & Associates, Inc. will post 6.75 EPS for the current fiscal year.
Jack Henry & Associates Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, June 1st will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 34.13%.
Insider Activity at Jack Henry & Associates
In related news, CFO Mimi Carsley purchased 375 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of $134.12 per share, with a total value of $50,295.00. Following the purchase, the chief financial officer directly owned 6,007 shares in the company, valued at approximately $805,658.84. This represents a 6.66% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory R. Adelson purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $133.42 per share, for a total transaction of $266,840.00. Following the acquisition, the chief executive officer directly owned 21,036 shares in the company, valued at approximately $2,806,623.12. The trade was a 10.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.60% of the company’s stock.
Hedge Funds Weigh In On Jack Henry & Associates
Several institutional investors have recently modified their holdings of JKHY. Caitong International Asset Management Co. Ltd lifted its position in Jack Henry & Associates by 3,900.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock worth $30,000 after buying an additional 195 shares during the last quarter. Larson Financial Group LLC grew its position in Jack Henry & Associates by 2,816.7% during the fourth quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after acquiring an additional 169 shares during the last quarter. Quent Capital LLC bought a new position in shares of Jack Henry & Associates during the 3rd quarter valued at $33,000. CYBER HORNET ETFs LLC purchased a new position in Jack Henry & Associates in the 2nd quarter worth $35,000. Finally, SJS Investment Consulting Inc. lifted its stake in Jack Henry & Associates by 3,933.3% in the first quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock worth $38,000 after purchasing an additional 236 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.
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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