Zacks Research Brokers Reduce Earnings Estimates for JKHY

Jack Henry & Associates, Inc. (NASDAQ:JKHY) – Investment analysts at Zacks Research reduced their Q1 2027 EPS estimates for shares of Jack Henry & Associates in a research report issued to clients and investors on Monday, December 16th. Zacks Research analyst R. Department now anticipates that the technology company will post earnings per share of $1.74 for the quarter, down from their previous estimate of $1.75. The consensus estimate for Jack Henry & Associates’ current full-year earnings is $5.80 per share.

Several other analysts also recently weighed in on the company. Keefe, Bruyette & Woods boosted their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Stephens reaffirmed an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. William Blair cut shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Oppenheimer initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 target price for the company. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $189.00.

Jack Henry & Associates Trading Down 0.3 %

Shares of JKHY stock opened at $175.99 on Thursday. The business has a 50-day moving average of $178.55 and a 200 day moving average of $172.38. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. Jack Henry & Associates has a 1-year low of $157.00 and a 1-year high of $189.63. The stock has a market capitalization of $12.84 billion, a PE ratio of 32.23, a P/E/G ratio of 3.37 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The business had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. During the same period in the prior year, the business posted $1.39 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.20 annualized dividend and a yield of 1.25%. Jack Henry & Associates’s payout ratio is 40.29%.

Insider Transactions at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the sale, the insider now owns 138,665 shares in the company, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Principal Financial Group Inc. increased its stake in shares of Jack Henry & Associates by 188.4% during the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock valued at $46,819,000 after purchasing an additional 184,210 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Jack Henry & Associates by 51.4% in the 2nd quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company’s stock worth $83,665,000 after buying an additional 171,041 shares during the last quarter. Benjamin Edwards Inc. increased its position in Jack Henry & Associates by 2,032.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company’s stock valued at $22,540,000 after buying an additional 121,667 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Jack Henry & Associates by 80.0% during the third quarter. Assenagon Asset Management S.A. now owns 207,757 shares of the technology company’s stock valued at $36,677,000 after buying an additional 92,359 shares during the last quarter. Finally, Tandem Investment Advisors Inc. boosted its holdings in Jack Henry & Associates by 20.4% in the second quarter. Tandem Investment Advisors Inc. now owns 502,926 shares of the technology company’s stock worth $83,496,000 after acquiring an additional 85,175 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

About Jack Henry & Associates

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.