Jack Henry & Associates Stock (NASDAQ: JKHY)

Jack Henry & Associates (NASDAQ:JKHY) Stock, Quote.Headers.trade-ideas

Jack Henry & Associates

Jack Henry is a leading provider of core processing and complementary services, such as electronic funds transfer, payment processing, and loan processing for us banks and credit unions, with a focus on small and midsize banks. Jack Henry serves almost 1,000 banks and over 700 credit unions.

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Jack Henry (NASDAQ: JKHY) continues to strengthen its overall portfolio offerings to expand its clientele, which remains its growth driver. Its shares have gained 1.7% in the year-to-date period, outperforming the industry&#39;s decline of 2.6%.


Jack Henry Boosts Customer Base With Daily Dashboard

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Marstone And Jack Henry Partner To Simplify Digital Wealth Access

Jack Henry & Associates, Inc. - Common Stock

Jack Henry & Associates Inc

<p>In the last three months, 4 analysts have published ratings on Jack Henry &amp; Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JKHY#NASDAQ">JKHY</a>), offering a diverse range of perspectives from bullish to bearish.</p>
<p>The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $180.5, along with a high estimate of $186.00 and a low estimate of $175.00. Surpassing the previous average price target of $177.00, the current average has increased by 1.98%.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725627626_0.png" alt="price target chart" /></p>
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
<p>The analysis of recent analyst actions sheds light on the perception of Jack Henry &amp; Associates by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Daniel Perlin</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$181.00</td>
<td>$181.00</td>
</tr>
<tr>
<td>Michael Del Grosso</td>
<td>Compass Point</td>
<td>Announces</td>
<td>Neutral</td>
<td>$186.00</td>
<td>-</td>
</tr>
<tr>
<td>Sanjay Sakhrani</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$180.00</td>
<td>$178.00</td>
</tr>
<tr>
<td>David Togut</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$175.00</td>
<td>$172.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Jack Henry &amp; Associates. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Jack Henry &amp; Associates compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts predict movements in price targets, offering estimates for Jack Henry &amp; Associates's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Jack Henry &amp; Associates's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/JKHY/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Jack Henry &amp; Associates analyst ratings.</strong></a></p>
<h2>Discovering Jack Henry &amp; Associates: A Closer Look</h2>
<p>Jack Henry is a leading provider of core processing and complementary services, such as electronic funds transfer, payment processing, and loan processing for us banks and credit unions, with a focus on small and midsize banks. Jack Henry serves almost 1,000 banks and over 700 credit unions.</p>
<h3>Key Indicators: Jack Henry &amp; Associates's Financial Health</h3>
<p><strong>Market Capitalization Analysis:</strong> The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.</p>
<p><strong>Revenue Growth:</strong> Jack Henry &amp; Associates's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of <strong>4.73%</strong>. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.</p>
<p><strong>Net Margin:</strong> The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of <strong>18.05%,</strong> the company showcases strong profitability and effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of <strong>5.58%,</strong> the company may need to address challenges in generating satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> Jack Henry &amp; Associates's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>3.55%</strong> ROA, the company effectively utilizes its assets for optimal returns.</p>
<p><strong>Debt Management:</strong> The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at <strong>0.08</strong>.</p>
<h2>The Basics of Analyst Ratings</h2>
<p>Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Decoding 4 Analyst Evaluations For Jack Henry & Associates

<p>RBC Capital  analyst Daniel Perlin   reiterates Jack Henry &amp; Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JKHY#NASDAQ">JKHY</a>) with a Sector Perform and maintains $181 price target.</p>


RBC Capital Reiterates Sector Perform on Jack Henry & Associates, Maintains $181 Price Target

<p><strong>Nasdaq Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) stock gained after <strong>B of A Securities</strong> analyst Craig Siegenthaler <a target="_blank" href="https://www.benzinga.com/quote/NDAQ/analyst-ratings" rel="noreferrer noopener">double-upgraded the stock</a> from Underperform to Buy and raised its price target from $53 to $90.</p>
<p>Siegenthaler applied a 25x multiple on his 2026 EPS to derive the price target. The multiple implies a slight discount to Nasdaq&#8217;s aspirational software and information services peer group but is a premium to its current valuation.</p>
<p>The analyst highlighted that the solutions segment now comprises 78% of revenue. Information services peers like <strong>S&amp;P Global Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>), <strong>Moody&#8217;s Corp</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>), <strong>and MSCI Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) trade at 30x 2026E earnings and have a fair amount of overlap with Nasdaq&#8217;s Capital Access Platforms segment, the analyst said.</p>
<p>Similarly, its FinTech segment comprises 36% of group revenue, with management guiding toward 10%-14% growth over the medium term. Other financial vertical software companies <strong>MeridianLink, Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>), <strong>nCino, Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>), <strong>and Jack Henry &amp; Associates, Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JKHY#NASDAQ">JKHY</a>) with comparable growth profiles are trading around 30x-40x EPS, the analyst noted. Nasdaq, however, trades at just 21x consensus 2026 EPS, he added.</p>
<p>The analyst noted an upward rerating would stem from a pause in dealmaking, accelerated deleveraging, business streamlining, and an acceleration in revenue growth.</p>
<p>As per Siegenthaler, improving macroeconomic conditions in conjunction with long backlogs should make for an IPO rebound in 2025.</p>
<p>Specifically, equity market valuations have recovered to 2021 levels while volatility should normalize lower after the U.S. presidential election and Fed rate cuts, the analyst said.</p>
<p>At the same time, he added that private equity sponsors have a long pipeline of aging portfolio companies, and limited partners are demanding liquidity.</p>
<p>He said that a comeback in IPOs would directly benefit Nasdaq&#8217;s listings segment and have positive second-derivative impacts on its trading, corporate services, and financial data businesses.</p>
<p><strong>Price Action: </strong>NDAQ stock traded higher by 2.22% at $72.97 at the last check on Wednesday.</p>
<p><em>Photo via Shutterstock</em></p>


<p>Compass Point  analyst Michael Del Grosso   initiates coverage on Jack Henry &amp; Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JKHY#NASDAQ">JKHY</a>) with a Neutral rating and announces Price Target of $186.</p>


Initiation

Compass Point Initiates Coverage On Jack Henry & Associates with Neutral Rating, Announces Price Target of $186

<p>Keefe, Bruyette &amp; Woods  analyst Sanjay Sakhrani   maintains Jack Henry &amp; Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JKHY#NASDAQ">JKHY</a>) with a Market Perform and raises the price target from $178 to $180.</p>


Keefe, Bruyette & Woods Maintains Market Perform on Jack Henry & Associates, Raises Price Target to $180

Guidance

Jack Henry & Associates Sees FY25 EPS $5.78-$5.87 Vs $5.16 Est.; Revenue $2.369B-$2.391B Vs $2.217B Est.

<p>Jack Henry &amp; Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JKHY#NASDAQ">JKHY</a>) reported quarterly earnings of $1.38 per share which beat the analyst consensus estimate of $1.32 by 4.55 percent.  The company reported quarterly sales of $559.912 million which missed the analyst consensus estimate of $563.339 million by 0.61 percent.  This is a 4.73 percent increase over sales of $534.634 million the same period last year.</p>


Earnings

Earnings Beats

Earnings Misses

Jack Henry & Associates Q4 2024 GAAP EPS $1.38 Beats $1.32 Estimate, Sales $559.912M Miss $563.339M Estimate

<p><i>Bank to enhance customer experience, boost efficiencies and expand small business services</i></p>
<p>MONETT, Mo., July 8, 2024 /PRNewswire/ -- <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4201337-1&amp;h=163888926&amp;u=https%3A%2F%2Fwww.jackhenry.com%2F&amp;a=Jack+Henry%E2%84%A2">Jack Henry&#x2122;</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JKHY#NASDAQ">JKHY</a>) announced today that <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4201337-1&amp;h=1254328328&amp;u=https%3A%2F%2Fwww.ffbkc.com%2F&amp;a=First+Federal+Bank+of+Kansas+City+(FFBKC)">First Federal Bank of Kansas City (FFBKC)</a>&nbsp;has selected Jack Henry for growth and innovation.`</p>
<p>FFBKC is a mutual bank based in Kansas City, Missouri, with a rich 90-year history and a strong focus on consumer banking, particularly home mortgages. Since its inception, FFBKC has been dedicated to promoting financial health in its community. The bank views homeownership as a gateway to financial independence, making traditional mortgage loans while working closely with non-profit organizations to help lower-income households achieve their dream of buying a home.</p>


First Federal Bank Of Kansas City Selects Jack Henry For Growth And Innovation

<p>Evercore ISI Group  analyst David Togut   maintains Jack Henry &amp; Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JKHY#NASDAQ">JKHY</a>) with a In-Line and raises the price target from $172 to $175.</p>


Evercore ISI Group Maintains In-Line on Jack Henry & Associates, Raises Price Target to $175

<p><strong>Jack Henry</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jkhy#NASDAQ">JKHY</a>) continues to strengthen its overall portfolio offerings to expand its clientele, which remains its growth driver. Its shares have gained 1.7% in the year-to-date period, outperforming the industry&#39;s decline of 2.6%.<br />
This is evident from its latest introduction of a new Daily Dashboard for its cloud platform, Financial Performance Suite (FPS).<br />
The Daily Dashboard provides financial and performance insights for financial institutions to help them analyze loan and deposit balances, credit, and account yields, providing a comprehensive view of their financial health.<br />
It also provides financial institutions with daily insights into production, operational and market areas, enabling them to evaluate new account statistics, monitor outstanding lines, and analyze delinquent loans.<br />
The latest move has already added strength to Jack Henry&#39;s customer base. The company is expected to further gain solid traction across banks, credit facilities and other financial institutions in the near term.</p>
<div class="chart_embed">
<h3>Jack Henry &amp; Associates, Inc. Price and Consensus</h3>
<p><a href="https://www.zacks.com/stock/chart/JKHY/price-consensus-chart?icid=chart-JKHY-price-consensus-chart"><img alt="Jack Henry &amp; Associates, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/04/1715781521.png" style="height:281px; width:620px" title="" /> </a></p>
<p>Jack Henry &amp; Associates, Inc. price-consensus-chart | Jack Henry &amp; Associates, Inc. Quote</p>
</div>
<h3>Expanding Clientele With Daily Dashboard</h3>
<p>Great Plains National Bank is one of the earliest customers to implement the Daily Dashboard, boosting Jack Henry&#39;s clientele.<br />
The bank is utilizing the FPS Daily Dashboard to replace Excel sheets with automated metrics. This allows for easier monitoring of deposit base changes, enabling more informed asset-liability committee discussions.<br />
Sunlight Federal Credit Union is also utilizing the FPS Daily Dashboard for improved efficiency across various departments.<br />
The credit union seeks a customizable data view using the FPS Daily Dashboard for liquidity, cash flow, accounting, asset liability and loan tracking.</p>
<h3>Strengthening Portfolio</h3>
<p>Apart from the latest launch, the company introduced Banno Business, a solution that enables community and regional financial institutions to provide modern banking experiences for small-to-medium businesses (SMBs).<br />
Banno Business equips community banks and credit unions with digital tools to support SMBs, offering solutions like cash management, payments and commercial lending and integrating external accounts with Mastercard for comprehensive financial management.<br />
Earlier, the company strengthened its overall portfolio with the launch of Payrailz Fraud Monitor, an AI-based feature that provides real-time fraud detection during payment transactions.<br />
The feature supports P2P, bill payments and A2A outbound transfers. It uses AI and machine learning to detect and weigh multiple fraud attributes, generate actionable scores and mitigate payment fraud, including account takeover, by continuously learning and detecting emerging patterns.<br />
Strengthening overall portfolio will continue to drive Jack Henry&#39;s customer momentum which in turn will bolstering its overall financial performance.<br />
For fiscal 2024, Jack Henry expects GAAP revenues in the band of $2.215-$2.228 billion. The Zacks Consensus Estimate for the same is pegged at $2.22 billion, implying year-over-year growth of 6.8%.</p>
<h3>Zacks Rank &amp; Stocks to Consider</h3>
<p>Currently, JKHY carries a Zacks Rank #3 (Hold).<br />
Some better-ranked stocks in the broader technology sector are <strong>Salesforce</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crm#NYSE">CRM</a>), <strong>CrowdStrike</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crwd#NASDAQ">CRWD</a>) and<strong> Intuit</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intu#NASDAQ">INTU</a>), each carrying a Zacks Rank #2 (Buy) at present.<br />
Shares of Salesforce have gained 6.7% in the year-to-date period. The long-term earnings growth rate for CRM is 17.45%.<br />
Shares of CrowdStrike have gained 30.6% in the year-to-date period. The long-term earnings growth rate for CRWD is currently projected at 22.31%.<br />
Shares of Intuit have gained 3% in the year-to-date period. The long-term earnings growth rate for INTU is 14.57%.</p>
<p><a href="https://www.zacks.com/stock/news/2274299/jack-henry-jkhy-boosts-customer-base-with-daily-dashboard?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2274299">To read this article on Zacks.com click here.</a></p>


<p>Jack Henry &amp; Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JKHY#NASDAQ">JKHY</a>) reported quarterly earnings of $1.19 per share which beat the analyst consensus estimate of $1.17 by 1.71 percent.  The company reported quarterly sales of $538.56 million which missed the analyst consensus estimate of $541.58 million by 0.56 percent.  This is a 5.90 percent increase over sales of $508.55 million the same period last year.</p>


Jack Henry & Associates Q3 2024 Adj EPS $1.19 Beats $1.17 Estimate, Sales $538.56M Miss $541.58M Estimate

<p>DA Davidson  analyst Peter Heckmann   maintains Jack Henry &amp; Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JKHY#NASDAQ">JKHY</a>) with a Buy and maintains $198 price target.</p>


DA Davidson Maintains Buy on Jack Henry & Associates, Maintains $198 Price Target

<p>&nbsp;Jack Henry &amp; Associates, Inc.&#xAE; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JKHY#NASDAQ">JKHY</a>) announced today that deconversion revenue for the fiscal third quarter, ended March 31, 2024 was $0.8 million. Based on these results, deconversion revenue estimates remain at $16 million for full year fiscal 2024 guidance. For more information about how guidance will be further updated for deconversion revenue estimates, please see Jack Henry's Current Report on Form 8-K filed with the Securities and Exchange Commission on August 3, 2023.</p>
<p>The majority of deconversion revenue is generated when one of Jack Henry's customers agrees to be acquired by another financial institution, resulting in the termination of the customer's contract with Jack Henry. In these circumstances, Jack Henry's recognition of deconversion revenue is driven by factors outside Jack Henry's control, and this revenue does not represent the true operations of Jack Henry's ongoing business of providing services to customers. As a result, Jack Henry excludes deconversion revenue from non-GAAP revenue reported in its quarterly and annual earnings releases.</p>


Jack Henry & Associates Announces Deconversion Revenue For Q3 Was $0.8M, Estimates Remain At $16M For FY24 Guidance

<p>In the latest quarter, 4 analysts provided ratings for Jack Henry &amp; Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JKHY#NASDAQ">JKHY</a>), showcasing a mix of bullish and bearish perspectives.</p>
<p>The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets, analyzed by analysts, offer insights with an average target of $178.75, a high estimate of $186.00, and a low estimate of $172.00. Surpassing the previous average price target of $166.00, the current average has increased by 7.68%.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713355290_0.png" alt="price target chart" /></p>
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
<p>The standing of Jack Henry &amp; Associates among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>David Koning</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$186.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>David Togut</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$172.00</td>
<td>$157.00</td>
</tr>
<tr>
<td>Daniel Perlin</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$181.00</td>
<td>$161.00</td>
</tr>
<tr>
<td>David Koning</td>
<td>Baird</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$176.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Jack Henry &amp; Associates. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Jack Henry &amp; Associates compared to the broader market.</li>
<li><strong>Price Targets:</strong> Understanding forecasts, analysts offer estimates for Jack Henry &amp; Associates's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
<p>Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Jack Henry &amp; Associates's market standing. Stay informed and make well-considered decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/JKHY/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Jack Henry &amp; Associates analyst ratings.</strong></a></p>
<h2>All You Need to Know About Jack Henry &amp; Associates</h2>
<p>Jack Henry is a leading provider of core processing and complementary services, such as electronic funds transfer, payment processing, and loan processing for U.S. banks and credit unions, with a focus on small and midsize banks. Jack Henry serves almost 1,000 banks and over 700 credit unions.</p>
<h3>Jack Henry &amp; Associates: A Financial Overview</h3>
<p><strong>Market Capitalization Analysis:</strong> The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.</p>
<p><strong>Revenue Growth:</strong> Jack Henry &amp; Associates's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately <strong>7.99%</strong>. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.</p>
<p><strong>Net Margin:</strong> The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of <strong>16.85%,</strong> the company showcases strong profitability and effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Jack Henry &amp; Associates's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>5.43%</strong> ROE, the company effectively utilizes shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of <strong>3.35%,</strong> the company showcases effective utilization of assets.</p>
<p><strong>Debt Management:</strong> With a below-average debt-to-equity ratio of <strong>0.15</strong>, Jack Henry &amp; Associates adopts a prudent financial strategy, indicating a balanced approach to debt management.</p>
<h2>Understanding the Relevance of Analyst Ratings</h2>
<p>Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. </p>
<p>Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


A Closer Look at 4 Analyst Recommendations For Jack Henry & Associates

<p>Baird  analyst David Koning   maintains Jack Henry &amp; Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JKHY#NASDAQ">JKHY</a>) with a Neutral and raises the price target from $180 to $186.</p>


Baird Maintains Neutral on Jack Henry & Associates, Raises Price Target to $186

<p>Throughout the last three months, 4 analysts have evaluated Jack Henry &amp; Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JKHY#NASDAQ">JKHY</a>), offering a diverse set of opinions from bullish to bearish.</p>
<p>The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts have recently evaluated Jack Henry &amp; Associates and provided 12-month price targets. The average target is $176.5, accompanied by a high estimate of $181.00 and a low estimate of $172.00. Observing a 11.01% increase, the current average has risen from the previous average price target of $159.00. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1711468837_0.png" alt="price target chart" /></p>
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
<p>The standing of Jack Henry &amp; Associates among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>David Togut</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$172.00</td>
<td>$157.00</td>
</tr>
<tr>
<td>Daniel Perlin</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$181.00</td>
<td>$161.00</td>
</tr>
<tr>
<td>David Koning</td>
<td>Baird</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$176.00</td>
<td>-</td>
</tr>
<tr>
<td>Andrew Schmidt</td>
<td>Citigroup</td>
<td>Announces</td>
<td>Neutral</td>
<td>$177.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Jack Henry &amp; Associates. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Jack Henry &amp; Associates compared to the broader market.</li>
<li><strong>Price Targets:</strong> Delving into movements, analysts provide estimates for the future value of Jack Henry &amp; Associates's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
<p>To gain a panoramic view of Jack Henry &amp; Associates's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/JKHY/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Jack Henry &amp; Associates analyst ratings.</strong></a></p>
<h2>All You Need to Know About Jack Henry &amp; Associates</h2>
<p>Jack Henry is a leading provider of core processing and complementary services, such as electronic funds transfer, payment processing, and loan processing for U.S. banks and credit unions, with a focus on small and midsize banks. Jack Henry serves almost 1,000 banks and over 700 credit unions.</p>
<h3>A Deep Dive into Jack Henry &amp; Associates's Financials</h3>
<p><strong>Market Capitalization Analysis:</strong> The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.</p>
<p><strong>Revenue Growth:</strong> Jack Henry &amp; Associates's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of <strong>7.99%</strong>. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.</p>
<p><strong>Net Margin:</strong> Jack Henry &amp; Associates's net margin excels beyond industry benchmarks, reaching <strong>16.85%</strong>. This signifies efficient cost management and strong financial health.</p>
<p><strong>Return on Equity (ROE):</strong> Jack Henry &amp; Associates's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of <strong>5.43%,</strong> the company showcases efficient use of equity capital and strong financial health.</p>
<p><strong>Return on Assets (ROA):</strong> Jack Henry &amp; Associates's ROA excels beyond industry benchmarks, reaching <strong>3.35%</strong>. This signifies efficient management of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> With a below-average debt-to-equity ratio of <strong>0.15</strong>, Jack Henry &amp; Associates adopts a prudent financial strategy, indicating a balanced approach to debt management.</p>
<h2>What Are Analyst Ratings?</h2>
<p>Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.</p>
<p>Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.</p>
<p>Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Jack Henry & Associates Stock: A Deep Dive Into Analyst Perspectives (4 Ratings)

<p>Evercore ISI Group  analyst David Togut   maintains Jack Henry &amp; Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JKHY#NASDAQ">JKHY</a>) with a In-Line and raises the price target from $157 to $172.</p>


Evercore ISI Group Maintains In-Line on Jack Henry & Associates, Raises Price Target to $172

<p>As previously&nbsp;announced,&nbsp;Jack Henry President&nbsp;and COO&nbsp;Greg Adelson&nbsp;is being elevated to President and CEO on&nbsp;July 1, 2024. McLachlan, who also will become a Senior Vice President and executive officer of the company, will continue to report to Adelson.</p>


Management

Jack Henry & Associates To Elevate Shanon McLachlan To COO In July 2024

<p>Wolfe Research  analyst Darrin Peller   initiates coverage on Jack Henry &amp; Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JKHY#NASDAQ">JKHY</a>) with a Peer Perform rating.</p>


Wolfe Research Initiates Coverage On Jack Henry & Associates with Peer Perform Rating

<p>Jack Henry &amp; Associates, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JKHY#NASDAQ">JKHY</a>) today announced its Board of Directors increased the quarterly dividend by six percent (6%) to $.55 per share.&nbsp; The cash dividend on its common stock, par value $.01 per share, is payable on March 26, 2024, to stockholders of record as of March 8, 2024. Jack Henry has paid consecutive quarterly dividends since 1991, and 2023 marked the 20th consecutive year of an increasing dividend.</p>


Dividends

Jack Henry & Associates Increases The Quarterly Dividend On Its Common Stock 6% To $0.55 Per Share

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Buy Rating Reaffirmed for JKHY Amid Strong Growth and Innovation Outlook

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Balanced Outlook: Hold Recommendation for Jack Henry & Associates Amid Growth and Execution Challenges

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Jack Henry & Associates (JKHY) Gets a Hold from RBC Capital

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