Jack Henry & Associates (NASDAQ:JKHY) Given New $164.00 Price Target at Wells Fargo & Company

Jack Henry & Associates (NASDAQ:JKHY) had its target price increased by research analysts at Wells Fargo & Company from $161.00 to $164.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 1.41% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Wall Street Zen raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. The Goldman Sachs Group reduced their price target on shares of Jack Henry & Associates from $173.00 to $155.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Compass Point upgraded shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $179.00 to $187.00 in a research note on Thursday. UBS Group lowered their target price on Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. Finally, Keefe, Bruyette & Woods lowered their target price on Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating on the stock in a report on Wednesday, October 1st. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Jack Henry & Associates has a consensus rating of “Hold” and an average target price of $174.75.

Jack Henry & Associates Trading Up 1.2%

Jack Henry & Associates stock traded up $1.90 during mid-day trading on Thursday, hitting $161.73. The company had a trading volume of 316,485 shares, compared to its average volume of 736,244. The stock’s 50 day moving average price is $154.64 and its two-hundred day moving average price is $168.07. Jack Henry & Associates has a 12 month low of $144.12 and a 12 month high of $196.00. The company has a market capitalization of $11.75 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 2.74 and a beta of 0.76.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, November 4th. The technology company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.64 by $0.33. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The business had revenue of $644.74 million for the quarter, compared to the consensus estimate of $634.42 million. During the same period in the previous year, the company posted $1.63 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. Equities research analysts anticipate that Jack Henry & Associates will post 5.83 EPS for the current year.

Institutional Trading of Jack Henry & Associates

Several institutional investors and hedge funds have recently added to or reduced their stakes in JKHY. Summit Securities Group LLC bought a new stake in Jack Henry & Associates during the 1st quarter valued at approximately $26,000. Hantz Financial Services Inc. bought a new stake in Jack Henry & Associates during the 2nd quarter valued at approximately $27,000. Quent Capital LLC bought a new stake in Jack Henry & Associates during the 3rd quarter valued at approximately $33,000. CYBER HORNET ETFs LLC bought a new stake in Jack Henry & Associates during the 2nd quarter valued at approximately $35,000. Finally, Cullen Frost Bankers Inc. bought a new stake in Jack Henry & Associates during the 1st quarter valued at approximately $38,000. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.