Loop Capital Initiates Coverage on Jack Henry & Associates (NASDAQ:JKHY)

Loop Capital initiated coverage on shares of Jack Henry & Associates (NASDAQ:JKHY) in a report released on Tuesday. The brokerage set a “buy” rating and a $197.00 price target on the technology company’s stock. Loop Capital’s price target would suggest a potential upside of 25.93% from the company’s current price.

Other analysts have also recently issued reports about the company. Weiss Ratings cut Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Wolfe Research set a $220.00 target price on Jack Henry & Associates and gave the company an “outperform” rating in a research note on Thursday, January 8th. Wells Fargo & Company raised Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $181.00 to $196.00 in a research note on Tuesday, February 17th. Stephens raised shares of Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective on the stock in a research report on Thursday, February 5th. Finally, Robert W. Baird raised shares of Jack Henry & Associates from a “neutral” rating to an “outperform” rating and set a $205.00 target price for the company in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $200.15.

Jack Henry & Associates Stock Up 2.0%

Shares of Jack Henry & Associates stock opened at $156.43 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.60 and a current ratio of 1.60. Jack Henry & Associates has a 52-week low of $144.12 and a 52-week high of $193.39. The stock has a market capitalization of $11.29 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 2.32 and a beta of 0.72. The company’s 50 day moving average price is $167.72 and its 200-day moving average price is $167.85.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.29. The company had revenue of $611.18 million during the quarter, compared to analyst estimates of $608.46 million. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.34 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. Equities research analysts forecast that Jack Henry & Associates will post 5.83 EPS for the current year.

Hedge Funds Weigh In On Jack Henry & Associates

Several large investors have recently made changes to their positions in JKHY. Larson Financial Group LLC grew its stake in shares of Jack Henry & Associates by 2,816.7% in the 4th quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock worth $32,000 after buying an additional 169 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in Jack Henry & Associates during the 2nd quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd raised its stake in Jack Henry & Associates by 3,900.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock valued at $30,000 after buying an additional 195 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in Jack Henry & Associates during the second quarter valued at $39,000. Finally, Quent Capital LLC bought a new stake in Jack Henry & Associates in the third quarter worth $33,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

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.