Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives $187.27 Consensus Target Price from Analysts

Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Free Report) has earned a consensus rating of “Moderate Buy” from the sixteen analysts that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $190.0667.

A number of research analysts have commented on JKHY shares. DA Davidson restated a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, August 19th. Barclays lifted their price target on Jack Henry & Associates from $170.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday. Stephens reissued an “overweight” rating and issued a $200.00 price target on shares of Jack Henry & Associates in a research note on Tuesday, August 11th. Royal Bank Of Canada increased their price objective on Jack Henry & Associates from $173.00 to $178.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. Finally, Morgan Stanley set a $170.00 price objective on shares of Jack Henry & Associates in a research report on Friday, May 8th.

Get Jack Henry & Associates alerts:

Get Our Latest Stock Analysis on JKHY

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Northwest & Ethical Investments L.P. boosted its holdings in Jack Henry & Associates by 3.3% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,002 shares of the technology company’s stock valued at $365,000 after purchasing an additional 64 shares during the period. Advisory Services Network LLC increased its holdings in shares of Jack Henry & Associates by 2.6% during the 2nd quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company’s stock worth $466,000 after purchasing an additional 69 shares during the period. Lansforsakringar Fondforvaltning AB publ increased its holdings in shares of Jack Henry & Associates by 0.3% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 22,768 shares of the technology company’s stock worth $3,598,000 after purchasing an additional 71 shares during the period. Essential Partners LLC raised its position in shares of Jack Henry & Associates by 65.8% during the first quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock valued at $29,000 after buying an additional 73 shares during the last quarter. Finally, DNB Asset Management AS raised its position in shares of Jack Henry & Associates by 0.6% during the fourth quarter. DNB Asset Management AS now owns 13,261 shares of the technology company’s stock valued at $2,420,000 after buying an additional 76 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

JKHY stock opened at $170.51 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. Jack Henry & Associates has a one year low of $121.04 and a one year high of $193.39. The firm has a market capitalization of $12.11 billion, a PE ratio of 24.46, a P/E/G ratio of 1.88 and a beta of 0.55. The firm has a 50-day moving average of $147.87 and a two-hundred day moving average of $150.98.

Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last announced its earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.13. The company had revenue of $633.10 million for the quarter, compared to the consensus estimate of $631.60 million. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.75 EPS. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. On average, analysts forecast that Jack Henry & Associates will post 7.38 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Monday, September 7th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, September 4th. Jack Henry & Associates’s payout ratio is 35.01%.

About Jack Henry & Associates

(Get Free Report)

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.

Read More

• Five stocks we like better than Jack Henry & Associates
• Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
• Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
• Snowflake Could Be Headed for New Highs Despite Insider Selling
• MongoDB Is Surging—And the Next Catalyst Is Almost Here

Receive News & Ratings for Jack Henry & Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates and related companies with MarketBeat.com's FREE daily email newsletter.