Jack Henry & Associates (NASDAQ:JKHY) Price Target Raised to $178.00

Jack Henry & Associates (NASDAQ:JKHY) had its price target boosted by Royal Bank Of Canada from $173.00 to $178.00 in a research report report published on Thursday, Marketbeat reports. They currently have an outperform rating on the technology company’s stock.

Other equities research analysts have also issued reports about the company. Wolfe Research set a $165.00 price target on Jack Henry & Associates in a research report on Monday, June 29th. Morgan Stanley set a $170.00 price objective on shares of Jack Henry & Associates in a report on Friday, May 8th. DA Davidson reiterated a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a research note on Wednesday. Barclays increased their target price on shares of Jack Henry & Associates from $170.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Stephens reissued an “overweight” rating and set a $200.00 price target on shares of Jack Henry & Associates in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.07.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $166.20 on Thursday. Jack Henry & Associates has a fifty-two week low of $121.04 and a fifty-two week high of $193.39. The stock has a market cap of $11.81 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 1.87 and a beta of 0.55. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 1.38. The firm’s 50-day simple moving average is $147.07 and its 200 day simple moving average is $151.15.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.13. The firm had revenue of $633.10 million during the quarter, compared to analyst estimates of $631.60 million. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%.The company’s revenue for the quarter was up 4.6% on a year-over-year basis. 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. As a group, research analysts anticipate that Jack Henry & Associates will post 7.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Jack Henry & Associates

Several institutional investors have recently bought and sold shares of JKHY. Integrated Wealth Concepts LLC lifted its position in shares of Jack Henry & Associates by 21.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company’s stock valued at $384,000 after buying an additional 367 shares during the last quarter. Empowered Funds LLC increased its holdings in Jack Henry & Associates by 8.8% in the 1st quarter. Empowered Funds LLC now owns 7,184 shares of the technology company’s stock worth $1,312,000 after acquiring an additional 584 shares during the last quarter. Woodline Partners LP increased its holdings in Jack Henry & Associates by 40.6% in the 1st quarter. Woodline Partners LP now owns 6,159 shares of the technology company’s stock worth $1,125,000 after acquiring an additional 1,778 shares during the last quarter. Jane Street Group LLC bought a new stake in Jack Henry & Associates in the 1st quarter valued at about $9,430,000. Finally, Focus Partners Wealth raised its stake in Jack Henry & Associates by 15.1% in the 1st quarter. Focus Partners Wealth now owns 1,387 shares of the technology company’s stock valued at $253,000 after acquiring an additional 182 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Key Jack Henry & Associates News

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.