The stock of Jack Henry & Associates Inc. (NASDAQ:JKHY) last traded at $176.84, down -1.78% from the previous session.
Data from the available sources indicates that Jack Henry & Associates Inc. (NASDAQ:JKHY) is covered by 16 analysts. The consensus rating among analysts is ‘Hold’. JKHY stock price is now -2.49% away from the 50-day moving average and -6.35% away from the 200-day moving average. The market capitalization of the company currently stands at $12.89B.
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In total, 13 analysts have assigned it a hold rating, and 2 have given it a buy rating.
On August 18, 2022, DA Davidson Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $210, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’.
In other news, Foss David B, Board Chair & CEO sold 16,000 shares of the company’s stock on Nov 22. The stock was sold for $3,009,685 at an average price of $188.11. Upon completion of the transaction, the Board Chair & CEO now directly owns 106,099 shares in the company, valued at $18.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 23, Board Chair & CEO Foss David B sold 3,247 shares of the business’s stock. A total of $610,701 was realized by selling the stock at an average price of $188.08. This leaves the insider owning 97,947 shares of the company worth $17.32 million. Insiders disposed of 58,681 shares of company stock worth roughly $10.38 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in JKHY stock. A new stake in Jack Henry & Associates Inc. shares was purchased by ARROWSTREET CAPITAL, LIMITED PARTNERSHIP during the first quarter worth $27,153,000. DAKOTA WEALTH MANAGEMENT invested $6,798,000 in shares of JKHY during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in Jack Henry & Associates Inc. valued at approximately $4,872,000. HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD. acquired a new stake in JKHY for approximately $3,086,000. WARATAH CAPITAL ADVISORS LTD. purchased a new stake in JKHY valued at around $2,951,000 in the second quarter. In total, there are 993 active investors with 94.10% ownership of the company’s stock.
With an opening price of $179.31 on Thursday morning, Jack Henry & Associates Inc. (NASDAQ: JKHY) set off the trading day. During the past 12 months, Jack Henry & Associates Inc. has had a low of $155.44 and a high of $212.62. As of last week, the company has a debt-to-equity ratio of 0.17, a current ratio of 1.00, and a quick ratio of 1.00. The fifty day moving average price for JKHY is $181.28 and a two-hundred day moving average price translates $188.71 for the stock.
The latest earnings results from Jack Henry & Associates Inc. (NASDAQ: JKHY) was released for Jun, 2022. According to the Information Technology Services Company, earnings per share came in at $1.1, beating analysts’ expectations of $1 by 0.1. This compares to $1.38 EPS in the same period last year. The net profit margin was 18.50% and return on equity was 27.00% for JKHY. The company reported revenue of $529.2 million for the quarter, compared to $488.06 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.43 percent. For the current quarter, analysts expect JKHY to generate $530.72M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/22/2022. Investors who held shares on 12/01/2022 were paid a $0.49 dividend. On an annualized basis, this represents a $1.96 dividend and a 1.11% percent yield. There was an ex-dividend date of 11/30/2022 for this dividend. In terms of dividend payout ratio, JKHY is presently at 38.40%.
Jack Henry & Associates Inc.(JKHY) Company Profile
Jack Henry & Associates, Inc. provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand. It also provides a suite of integrated applications required to process deposit, loan, and general ledger transactions, as well as to maintain centralized customer/member information; and complementary products and services that enable core bank and credit union clients to respond to evolving customer/member demands. The company’s Jack Henry Banking business brand offers SilverLake, a robust primarily designed for commercial-focused banks; CIF 20/20, a parameter-driven, easy-to-use system for banks; and Core Director, a cost-efficient system with point-and-click operation. Its Symitar business brand provides Episys, a robust designed for credit unions. In addition, the company offers digital products and services and electronic payment solutions; purchases and resells hardware systems, including servers, workstations, scanners, and other devices; and provides implementation, training, and support services. Jack Henry & Associates, Inc. was founded in 1976 and is headquartered in Monett, Missouri.
