Jack Henry & Associates (NASDAQ:JKHY) Given Outperform Rating at Royal Bank Of Canada

Jack Henry & Associates (NASDAQ:JKHY)‘s stock had its “outperform” rating reissued by Royal Bank Of Canada in a note issued to investors on Wednesday, Benzinga reports. They presently have a $178.00 price target on the technology company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 21.73% from the company’s previous close.

Other analysts also recently issued research reports about the stock. DA Davidson reiterated a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, September 2nd. Stephens restated an “overweight” rating and issued a $200.00 target price on shares of Jack Henry & Associates in a report on Tuesday, August 11th. Morgan Stanley lowered their price target on shares of Jack Henry & Associates from $170.00 to $158.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Weiss Ratings upgraded shares of Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 20th. Finally, Seaport Research Partners started coverage on shares of Jack Henry & Associates in a report on Monday. They issued a “buy” rating and a $193.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $191.47.

Jack Henry & Associates Stock Down 1.1%

Shares of JKHY opened at $146.22 on Wednesday. The stock has a 50 day moving average price of $157.99 and a 200 day moving average price of $150.09. Jack Henry & Associates has a one year low of $121.04 and a one year high of $193.39. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $10.25 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.68 and a beta of 0.56.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.13. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%.The company had revenue of $633.10 million for the quarter, compared to analyst estimates of $631.60 million. During the same quarter last year, the firm posted $1.75 EPS. The firm’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. Equities research analysts forecast that Jack Henry & Associates will post 7.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Jack Henry & Associates

Institutional investors and hedge funds have recently modified their holdings of the company. Lansforsakringar Fondforvaltning AB publ raised its holdings in Jack Henry & Associates by 0.3% in the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 22,768 shares of the technology company’s stock valued at $3,598,000 after buying an additional 71 shares during the period. Essential Partners LLC grew its stake in shares of Jack Henry & Associates by 65.8% in the first quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock valued at $29,000 after buying an additional 73 shares in the last quarter. Petros Family Wealth LLC grew its position in Jack Henry & Associates by 5.7% in the first quarter. Petros Family Wealth LLC now owns 1,451 shares of the technology company’s stock valued at $229,000 after acquiring an additional 78 shares in the last quarter. Empirical Finance LLC boosted its stake in shares of Jack Henry & Associates by 3.3% in the second quarter. Empirical Finance LLC now owns 2,576 shares of the technology company’s stock valued at $355,000 after purchasing an additional 82 shares during the period. Finally, Elevation Point Wealth Partners LLC lifted its holdings in Jack Henry & Associates by 3.6% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 2,835 shares of the technology company’s stock worth $448,000 after buying an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company that provides software, payment processing and related services to banks, credit unions and other financial institutions. Founded in 1976 and headquartered in Monett, Missouri, the company serves primarily U.S.-based community and regional financial institutions.

The company offers core processing platforms for banks and credit unions, including Jack Henry Banking and Symitar solutions. Its products and services support account processing, lending, deposit operations, financial reporting, digital banking, mobile banking and customer relationship management.

Jack Henry also provides payment processing, card services, electronic funds transfer capabilities, online account opening, cybersecurity, document and information management, business intelligence and other technology services.