Jack Henry & Associates (NASDAQ:JKHY) Stock Rating Upgraded by Piper Sandler

by · The Markets Daily

Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) was upgraded by analysts at Piper Sandler to a “hold” rating in a report issued on Thursday, Zacks reports.

JKHY has been the subject of a number of other research reports. UBS Group upped their target price on Jack Henry & Associates from $165.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday, August 20th. DA Davidson reiterated a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a report on Wednesday, September 2nd. Royal Bank Of Canada boosted their price target on Jack Henry & Associates from $173.00 to $178.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. The Goldman Sachs Group upped their price objective on Jack Henry & Associates from $158.00 to $178.00 and gave the stock a “neutral” rating in a research note on Thursday, August 20th. Finally, Stephens reaffirmed an “overweight” rating and set a $200.00 price objective on shares of Jack Henry & Associates in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $192.00.

Check Out Our Latest Analysis on JKHY

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $161.12 on Thursday. The firm has a market cap of $11.30 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.83 and a beta of 0.56. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.02. Jack Henry & Associates has a 12 month low of $121.04 and a 12 month high of $193.39. The stock’s fifty day moving average price is $157.31 and its 200-day moving average price is $151.24.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in JKHY. Northwest & Ethical Investments L.P. raised its stake in Jack Henry & Associates by 3.3% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,002 shares of the technology company’s stock valued at $365,000 after buying an additional 64 shares during the last quarter. Advisory Services Network LLC boosted its holdings in Jack Henry & Associates by 2.6% in the second quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company’s stock worth $466,000 after acquiring an additional 69 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ grew its stake in shares of Jack Henry & Associates by 0.3% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 22,768 shares of the technology company’s stock worth $3,598,000 after acquiring an additional 71 shares during the last quarter. Essential Partners LLC grew its stake in shares of Jack Henry & Associates by 65.8% during the first quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock worth $29,000 after acquiring an additional 73 shares during the last quarter. Finally, DNB Asset Management AS increased its holdings in shares of Jack Henry & Associates by 0.6% during the fourth quarter. DNB Asset Management AS now owns 13,261 shares of the technology company’s stock valued at $2,420,000 after acquiring an additional 76 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

About Jack Henry & Associates

(Get Free Report)

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.

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