Jack Henry & Associates (NASDAQ:JKHY) Stock Rating Reaffirmed as Outperform by Royal Bank Of Canada

Jack Henry & Associates (NASDAQ:JKHY)‘s stock had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada in a research report issued on Wednesday, Benzinga reports. They currently have a $178.00 target price on the technology company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 22.08% from the stock’s current price.

Several other brokerages have also recently commented on JKHY. Oppenheimer raised their price target on shares of Jack Henry & Associates from $208.00 to $209.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Barclays increased their price objective on shares of Jack Henry & Associates from $170.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. The Goldman Sachs Group increased their price objective on shares of Jack Henry & Associates from $158.00 to $178.00 and gave the company a “neutral” rating in a research note on Thursday, August 20th. UBS Group restated a “neutral” rating on shares of Jack Henry & Associates in a research report on Wednesday, September 16th. Finally, Weiss Ratings raised shares of Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.47.

Jack Henry & Associates Trading Down 0.3%

Shares of NASDAQ:JKHY traded down $0.42 during trading on Wednesday, reaching $145.80. 85,935 shares of the company were exchanged, compared to its average volume of 1,163,093. The firm has a market capitalization of $10.22 billion, a PE ratio of 20.95, a P/E/G ratio of 1.68 and a beta of 0.56. The business’s fifty day simple moving average is $157.99 and its 200-day simple moving average is $150.09. Jack Henry & Associates has a 12-month low of $121.04 and a 12-month high of $193.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.17 and a quick ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.13. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The company had revenue of $633.10 million for the quarter, compared to the consensus estimate of $631.60 million. During the same quarter in the prior year, the company earned $1.75 EPS. Jack Henry & Associates’s quarterly revenue 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. On average, research analysts anticipate that Jack Henry & Associates will post 7.33 EPS for the current year.

Institutional Trading of Jack Henry & Associates

Institutional investors have recently made changes to their positions in the stock. Dai ichi Life Insurance Company Ltd boosted its position in shares of Jack Henry & Associates by 231.1% during the 1st quarter. Dai ichi Life Insurance Company Ltd now owns 21,102 shares of the technology company’s stock valued at $3,335,000 after acquiring an additional 14,728 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Jack Henry & Associates in the 1st quarter worth about $3,569,000. Norges Bank bought a new stake in shares of Jack Henry & Associates in the 4th quarter worth about $128,744,000. TD Asset Management Inc lifted its position in Jack Henry & Associates by 9.8% during the 4th quarter. TD Asset Management Inc now owns 581,424 shares of the technology company’s stock worth $106,098,000 after buying an additional 51,699 shares in the last quarter. Finally, Dockside LLC acquired a new position in Jack Henry & Associates during the 4th quarter valued at about $5,367,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

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.