Jack Henry & Associates (NASDAQ:JKHY) Stock Rating Upgraded by Keefe, Bruyette & Woods

Jack Henry & Associates (NASDAQ:JKHY) was upgraded by stock analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research note issued on Monday,Benzinga reports. The firm presently has a $215.00 price objective on the technology company’s stock, up from their previous price objective of $170.00. Keefe, Bruyette & Woods’ price target indicates a potential upside of 18.32% from the company’s previous close.

Other research analysts have also issued reports about the company. Wall Street Zen lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Robert W. Baird set a $172.00 price target on Jack Henry & Associates in a research report on Friday, October 17th. UBS Group lowered their price objective on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. Royal Bank Of Canada dropped their price objective on shares of Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 21st. Finally, Raymond James Financial upgraded shares of Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 target price for the company in a research note on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $184.56.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY opened at $181.71 on Monday. The firm has a market capitalization of $13.15 billion, a PE ratio of 27.62, a P/E/G ratio of 3.14 and a beta of 0.73. Jack Henry & Associates has a 12 month low of $144.12 and a 12 month high of $196.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.49 and a quick ratio of 1.49. The business has a 50-day moving average of $159.76 and a two-hundred day moving average of $166.99.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.33. Jack Henry & Associates had a net margin of 19.86% and a return on equity of 23.11%. The company had revenue of $636.11 million during the quarter, compared to the consensus estimate of $634.42 million. During the same period in the previous year, the firm earned $1.63 earnings per share. Jack Henry & Associates’s revenue for the quarter was up 7.3% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, research analysts forecast that Jack Henry & Associates will post 5.83 earnings per share for the current year.

Insider Activity

In other Jack Henry & Associates news, Director David B. Foss sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $174.92, for a total transaction of $3,498,400.00. Following the sale, the director owned 128,133 shares in the company, valued at $22,413,024.36. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Shanon G. Mclachlan sold 227 shares of Jack Henry & Associates stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $160.83, for a total value of $36,508.41. Following the completion of the transaction, the chief operating officer owned 1,420 shares of the company’s stock, valued at approximately $228,378.60. The trade was a 13.78% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Jack Henry & Associates

Several institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp boosted its holdings in Jack Henry & Associates by 1,911.3% in the third quarter. Van ECK Associates Corp now owns 1,111,632 shares of the technology company’s stock worth $165,555,000 after purchasing an additional 1,056,362 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Jack Henry & Associates by 19.1% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,778,922 shares of the technology company’s stock valued at $872,631,000 after buying an additional 765,441 shares during the period. Norges Bank bought a new stake in shares of Jack Henry & Associates during the 2nd quarter valued at about $115,471,000. Artisan Partners Limited Partnership bought a new position in Jack Henry & Associates in the second quarter worth about $74,302,000. Finally, UBS Group AG boosted its stake in Jack Henry & Associates by 75.7% in the third quarter. UBS Group AG now owns 847,002 shares of the technology company’s stock valued at $126,144,000 after acquiring an additional 364,878 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

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.