Jack Henry & Associates (NASDAQ:JKHY) Now Covered by KeyCorp

Research analysts at KeyCorp initiated coverage on shares of Jack Henry & Associates (NASDAQ:JKHY) in a report issued on Monday, Benzinga reports. The brokerage set an “overweight” rating and a $190.00 price target on the technology company’s stock. KeyCorp’s target price indicates a potential upside of 17.92% from the company’s current price.

Several other equities analysts have also recently commented on JKHY. Weiss Ratings raised shares of Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 20th. Barclays increased their target price on Jack Henry & Associates from $170.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Royal Bank Of Canada boosted their price objective on shares of Jack Henry & Associates from $173.00 to $178.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. Oppenheimer lifted their target price on Jack Henry & Associates from $208.00 to $209.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Finally, Wolfe Research raised their price target on Jack Henry & Associates from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.88.

Jack Henry & Associates Price Performance

JKHY stock opened at $161.12 on Monday. The business’s fifty day moving average price is $157.31 and its 200 day moving average price is $151.21. Jack Henry & Associates has a 12-month low of $121.04 and a 12-month high of $193.39. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $11.30 billion, a PE ratio of 23.12, a P/E/G ratio of 1.82 and a beta of 0.56.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.13. The company had revenue of $633.10 million during the quarter, compared to the consensus estimate of $631.60 million. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%.Jack Henry & Associates’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.75 EPS. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. On average, sell-side analysts anticipate that Jack Henry & Associates will post 7.36 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in JKHY. Tidal Investments LLC boosted its position in shares of Jack Henry & Associates by 10.5% during the 2nd quarter. Tidal Investments LLC now owns 33,060 shares of the technology company’s stock worth $4,554,000 after purchasing an additional 3,148 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Jack Henry & Associates in the second quarter valued at about $5,685,000. IFP Advisors Inc lifted its stake in shares of Jack Henry & Associates by 182.7% in the second quarter. IFP Advisors Inc now owns 3,958 shares of the technology company’s stock valued at $545,000 after purchasing an additional 2,558 shares during the period. Squarepoint Ops LLC boosted its holdings in Jack Henry & Associates by 962.0% during the second quarter. Squarepoint Ops LLC now owns 20,369 shares of the technology company’s stock worth $2,806,000 after buying an additional 18,451 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings in Jack Henry & Associates by 2.2% in the second quarter. Baird Financial Group Inc. now owns 88,953 shares of the technology company’s stock valued at $12,252,000 after buying an additional 1,943 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company that provides software and technology services to banks, credit unions and other financial institutions. Its solutions are designed to support core processing, digital banking, payments, lending, risk management and operational workflows.

The company’s products include core banking platforms, online and mobile banking tools, payment processing services, electronic bill pay, loan origination and document management solutions, fraud prevention tools, and technology that helps financial institutions connect with third-party applications.