Jack Henry & Associates (NASDAQ:JKHY) Hits New 12-Month Low – Here’s What Happened

Jack Henry & Associates, Inc. (NASDAQ:JKHY) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $144.06 and last traded at $144.65, with a volume of 698148 shares changing hands. The stock had previously closed at $149.34.

Analyst Ratings Changes

Several analysts recently commented on the company. Royal Bank Of Canada lowered their target price on Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating on the stock in a research report on Thursday. The Goldman Sachs Group lowered their target price on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating on the stock in a research report on Thursday. Wells Fargo & Company upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $181.00 to $196.00 in a research report on Tuesday, February 17th. Robert W. Baird upgraded Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 target price on the stock in a research report on Thursday, February 5th. Finally, Stephens upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Jack Henry & Associates has a consensus rating of “Moderate Buy” and an average price target of $192.08.

Jack Henry & Associates Trading Down 0.1%

The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 2.13 and a beta of 0.63. The firm has a 50-day moving average price of $158.51 and a 200-day moving average price of $168.11. The company has a current ratio of 4.31, a quick ratio of 1.60 and a debt-to-equity ratio of 0.01.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.28. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.The company had revenue of $615.93 million for the quarter, compared to analysts’ expectations of $619.67 million. During the same period last year, the firm earned $1.52 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, sell-side analysts predict that Jack Henry & Associates, Inc. will post 6.84 EPS for the current year.

Hedge Funds Weigh In On Jack Henry & Associates

Several hedge funds have recently modified their holdings of the company. State Street Corp increased its position in shares of Jack Henry & Associates by 2.4% during the 3rd quarter. State Street Corp now owns 4,103,290 shares of the technology company’s stock valued at $611,103,000 after purchasing an additional 97,140 shares during the period. Invesco Ltd. boosted its stake in shares of Jack Henry & Associates by 9.5% during the 3rd quarter. Invesco Ltd. now owns 1,800,777 shares of the technology company’s stock worth $268,190,000 after acquiring an additional 155,616 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Jack Henry & Associates by 4.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,415,221 shares of the technology company’s stock worth $258,250,000 after acquiring an additional 66,633 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Jack Henry & Associates by 160.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,350,393 shares of the technology company’s stock worth $246,420,000 after acquiring an additional 831,372 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Jack Henry & Associates by 1,911.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,111,632 shares of the technology company’s stock worth $165,555,000 after acquiring an additional 1,056,362 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

About Jack Henry & Associates

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.