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

Jack Henry & Associates (NASDAQ:JKHY)‘s stock had its “buy” rating restated by stock analysts at DA Davidson in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $198.00 price objective on the technology company’s stock. DA Davidson’s price objective would indicate a potential upside of 29.31% from the stock’s previous close.

Several other research firms have also recently commented on JKHY. Royal Bank Of Canada reduced their target price on shares of Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating for the company in a research note on Thursday, June 18th. The Goldman Sachs Group lowered their price target on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Wolfe Research set a $165.00 price target on Jack Henry & Associates in a research note on Monday, June 29th. Weiss Ratings lowered Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Finally, UBS Group set a $165.00 target price on shares of Jack Henry & Associates in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Jack Henry & Associates currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.71.

Jack Henry & Associates Price Performance

JKHY stock opened at $153.12 on Wednesday. The business has a 50 day simple moving average of $144.82 and a 200-day simple moving average of $151.25. Jack Henry & Associates has a twelve month low of $121.04 and a twelve month high of $193.39. The company has a market capitalization of $10.88 billion, a P/E ratio of 21.42, a PEG ratio of 2.16 and a beta of 0.55. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.13. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. The company had revenue of $633.10 million for the quarter, compared to the consensus estimate of $631.60 million. During the same period last year, the firm posted $1.75 EPS. Jack Henry & Associates’s revenue for the quarter was up 4.6% on a year-over-year basis. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. As a group, equities analysts anticipate that Jack Henry & Associates will post 6.85 EPS for the current year.

Institutional Investors Weigh In On Jack Henry & Associates

Hedge funds have recently modified their holdings of the stock. State Street Corp lifted its holdings in Jack Henry & Associates by 2.4% in the 3rd quarter. State Street Corp now owns 4,103,290 shares of the technology company’s stock worth $611,103,000 after buying an additional 97,140 shares in the last quarter. Invesco Ltd. boosted its holdings in Jack Henry & Associates by 9.5% in the third quarter. Invesco Ltd. now owns 1,800,777 shares of the technology company’s stock worth $268,190,000 after purchasing an additional 155,616 shares during the period. Wells Fargo & Company MN grew its position 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 valued at $258,250,000 after buying an additional 66,633 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Jack Henry & Associates by 160.2% during the fourth 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 valued at $246,420,000 after purchasing an additional 831,372 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in Jack Henry & Associates by 13,343.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company’s stock worth $170,430,000 after buying an additional 1,070,376 shares during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Jack Henry & Associates

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

• Positive Sentiment: Jack Henry reported fourth-quarter adjusted earnings of $1.57 per share, above the $1.44 analyst consensus, while revenue of $633.1 million also exceeded estimates of approximately $631.6 million. Strong demand for banking and payments offerings supported the results. Reuters report on Jack Henry quarterly results
• Positive Sentiment: Management provided fiscal 2027 EPS guidance of $7.33 to $7.38, above the $7.10 consensus estimate. Revenue guidance of roughly $2.7 billion was broadly in line with expectations, but the earnings outlook suggests potential operating leverage and solid demand. Jack Henry fiscal 2026 results and fiscal 2027 guidance
• Neutral Sentiment: Fiscal fourth-quarter revenue increased approximately 4.6% to 4.7% year over year, indicating continued growth, while the company maintained a strong 20.64% net margin and 24.03% return on equity.
• Negative Sentiment: GAAP EPS declined from $1.75 to $1.57 year over year, a contraction of 10.2%. GAAP operating income fell 12.2%, while adjusted operating income decreased 3.1%, pointing to margin pressure despite the revenue and earnings beats. Zacks analysis of Jack Henry quarterly metrics

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.