Keefe, Bruyette & Woods Cuts Jack Henry & Associates (NASDAQ:JKHY) Price Target to $170.00

Jack Henry & Associates (NASDAQ:JKHY) had its price objective cut by Keefe, Bruyette & Woods from $178.00 to $170.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a market perform rating on the technology company’s stock.

A number of other analysts have also commented on JKHY. Royal Bank Of Canada decreased their price objective on Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating for the company in a report on Thursday, August 21st. Robert W. Baird decreased their price objective on Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, August 20th. Wall Street Zen raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. UBS Group decreased their price objective on Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Finally, DA Davidson set a $204.00 price objective on Jack Henry & Associates in a report on Friday, August 22nd. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $178.38.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $146.26 on Wednesday. Jack Henry & Associates has a one year low of $144.12 and a one year high of $196.00. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 2.62 and a beta of 0.78. The business has a 50-day simple moving average of $160.15 and a 200 day simple moving average of $171.58.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 19th. The technology company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.25. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The business had revenue of $615.37 million during the quarter, compared to analyst estimates of $602.20 million. During the same period in the previous year, the company posted $1.33 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, sell-side analysts expect that Jack Henry & Associates will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were issued a $0.58 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.32 annualized dividend and a dividend yield of 1.6%. Jack Henry & Associates’s dividend payout ratio is currently 37.18%.

Insider Activity

In other news, Director David B. Foss sold 5,780 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $167.28, for a total value of $966,878.40. Following the completion of the transaction, the director directly owned 139,265 shares of the company’s stock, valued at $23,296,249.20. This represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Jack Henry & Associates

Institutional investors have recently modified their holdings of the business. Aaron Wealth Advisors LLC purchased a new position in Jack Henry & Associates in the third quarter valued at approximately $209,000. B. Riley Wealth Advisors Inc. purchased a new position in Jack Henry & Associates in the second quarter valued at approximately $382,000. Advisory Services Network LLC lifted its stake in Jack Henry & Associates by 2.6% in the second quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company’s stock valued at $466,000 after purchasing an additional 69 shares during the last quarter. State of Wyoming lifted its stake in Jack Henry & Associates by 22.4% in the second quarter. State of Wyoming now owns 1,360 shares of the technology company’s stock valued at $245,000 after purchasing an additional 249 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in Jack Henry & Associates in the second quarter valued at approximately $35,000. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.