Jack Henry & Associates (NASDAQ:JKHY – Free Report) had its target price reduced by Keefe, Bruyette & Woods from $178.00 to $170.00 in a research note released on Wednesday,Benzinga reports. They currently have a market perform rating on the technology company’s stock.
Other equities analysts have also recently issued reports about the stock. Wall Street Zen upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. UBS Group reduced their price target on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. Robert W. Baird decreased their price target on shares of Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 20th. Royal Bank Of Canada cut their price objective on Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating for the company in a research note on Thursday, August 21st. Finally, DA Davidson set a $204.00 target price on Jack Henry & Associates in a report on Friday, August 22nd. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus price target of $178.38.
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Jack Henry & Associates Trading Down 1.8%
Shares of JKHY stock opened at $146.29 on Wednesday. Jack Henry & Associates has a 12-month low of $145.64 and a 12-month high of $196.00. The business’s 50 day moving average is $161.44 and its two-hundred day moving average is $172.01. The company has a market capitalization of $10.63 billion, a P/E ratio of 23.44, a P/E/G ratio of 2.65 and a beta of 0.78.
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last announced its earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $602.20 million. During the same period in the prior year, the company posted $1.33 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, research analysts predict that Jack Henry & Associates will post 5.83 earnings per share for the current fiscal year.
Jack Henry & Associates Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were given a $0.58 dividend. The ex-dividend date was Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.6%. Jack Henry & Associates’s dividend payout ratio is 37.18%.
Insider Buying and Selling
In related news, Director David B. Foss sold 5,780 shares of Jack Henry & Associates stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $167.28, for a total transaction of $966,878.40. Following the transaction, the director owned 139,265 shares in the company, valued at approximately $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.37% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Jack Henry & Associates by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 8,843,282 shares of the technology company’s stock valued at $1,593,294,000 after purchasing an additional 43,974 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Jack Henry & Associates by 19.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,778,922 shares of the technology company’s stock valued at $872,631,000 after acquiring an additional 765,441 shares during the last quarter. State Street Corp lifted its holdings in Jack Henry & Associates by 2.6% in the second quarter. State Street Corp now owns 4,006,150 shares of the technology company’s stock valued at $721,788,000 after acquiring an additional 102,534 shares during the last quarter. Geode Capital Management LLC grew its position in Jack Henry & Associates by 3.0% in the second quarter. Geode Capital Management LLC now owns 2,095,237 shares of the technology company’s stock worth $376,816,000 after acquiring an additional 61,292 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Jack Henry & Associates by 22.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,668,602 shares of the technology company’s stock valued at $300,632,000 after purchasing an additional 301,600 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.
Jack Henry & Associates Company Profile
(Get Free Report)
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.
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