Jack Henry & Associates’ (JKHY) “Buy” Rating Reiterated at DA Davidson

DA Davidson reissued their buy rating on shares of Jack Henry & Associates (NASDAQ:JKHY) in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage currently has a $198.00 price target on the technology company’s stock.

Several other brokerages have also recently weighed in on JKHY. Wolfe Research set a $165.00 price target on shares of Jack Henry & Associates in a research note on Monday, June 29th. Oppenheimer upped their price objective on Jack Henry & Associates from $208.00 to $209.00 and gave the stock an “outperform” rating in a research note on Wednesday. Weiss Ratings cut Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. UBS Group set a $165.00 target price on Jack Henry & Associates in a research report on Thursday, May 7th. Finally, Stephens reissued an “overweight” rating and set a $200.00 price target on shares of Jack Henry & Associates in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Jack Henry & Associates has a consensus rating of “Moderate Buy” and an average target price of $190.07.

Jack Henry & Associates Trading Up 0.7%

Jack Henry & Associates stock opened at $166.20 on Wednesday. The business has a 50-day simple moving average of $147.07 and a two-hundred day simple moving average of $151.15. The company has a market cap of $11.81 billion, a P/E ratio of 23.85, a P/E/G ratio of 1.86 and a beta of 0.55. Jack Henry & Associates has a 52-week low of $121.04 and a 52-week high of $193.39. The company has a quick ratio of 1.74, a current ratio of 1.38 and a debt-to-equity ratio of 0.02.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.13. The firm had revenue of $633.10 million for the quarter, compared to analysts’ expectations of $631.60 million. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.75 EPS. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Analysts predict that Jack Henry & Associates will post 7.4 EPS for the current year.

Institutional Trading of Jack Henry & Associates

Several institutional investors and hedge funds have recently modified their holdings of the company. Essential Partners LLC lifted its stake in shares of Jack Henry & Associates by 65.8% during the 1st quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock valued at $29,000 after buying an additional 73 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Jack Henry & Associates by 3,900.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock worth $30,000 after buying an additional 195 shares in the last quarter. Larson Financial Group LLC raised its holdings in Jack Henry & Associates by 2,816.7% during the fourth quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after acquiring an additional 169 shares during the period. CYBER HORNET ETFs LLC bought a new stake in Jack Henry & Associates during the second quarter valued at about $35,000. Finally, SJS Investment Consulting Inc. raised its holdings in Jack Henry & Associates by 3,933.3% during the first quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock valued at $38,000 after acquiring an additional 236 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Key Headlines Impacting Jack Henry & Associates

Here are the key news stories impacting Jack Henry & Associates this week:

• Positive Sentiment: Earnings beat supports the rally. Jack Henry reported quarterly adjusted EPS of $1.57, exceeding the $1.44 consensus estimate, while revenue reached $633.1 million versus expectations of $631.6 million. Revenue increased 4.6% year over year. Shares subsequently gapped higher. Jack Henry Shares Gap Up After Earnings Beat
• Positive Sentiment: Analysts raised their outlook. Royal Bank of Canada increased its price target from $173 to $178 and maintained an “outperform” rating. Other analysts also lifted forecasts following the upbeat quarter, reinforcing expectations for improving results. Analysts Increase Their Forecasts
• Positive Sentiment: Customer wins and AI initiatives improve growth prospects. Prevail Bank selected Jack Henry’s core, digital, payments, and financial-crime solutions. The company’s open ecosystem and AI investments are intended to improve bank experiences, support fintech partnerships, and generate future growth. Prevail Bank Selects Jack Henry
• Positive Sentiment: DA Davidson reaffirmed its “buy” rating, while the broader analyst consensus remained “moderate buy.” DA Davidson Reaffirms Buy Rating
• Neutral Sentiment: The earnings call highlighted record core wins and ongoing momentum, but analysts expressed differing views on the technology sector and Jack Henry’s longer-term outlook. Jack Henry Earnings Call Highlights
• Negative Sentiment: Despite the revenue growth and earnings beat, quarterly EPS was below the prior year’s $1.75, and the stock’s valuation and conflicting analyst sentiment could limit further upside.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.