Jack Henry & Associates (NASDAQ:JKHY) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Jack Henry & Associates (NASDAQ:JKHY) had its price objective raised by analysts at Royal Bank Of Canada from $178.00 to $195.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada‘s target price would indicate a potential upside of 12.57% from the company’s previous close.

Several other research firms have also weighed in on JKHY. Piper Sandler upgraded Jack Henry & Associates from a “neutral” rating to an “overweight” rating and set a $175.00 price objective on the stock in a research note on Friday, October 9th. Wolfe Research raised their target price on Jack Henry & Associates from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Barclays boosted their price target on Jack Henry & Associates from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday. Seaport Research Partners initiated coverage on Jack Henry & Associates in a research report on Monday, September 28th. They issued a “buy” rating and a $193.00 price target on the stock. Finally, Stephens initiated coverage on Jack Henry & Associates in a research report on Tuesday, August 11th. They issued an “overweight” rating and a $200.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $193.18.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY traded down $7.03 during midday trading on Thursday, reaching $173.23. 1,110,989 shares of the company’s stock were exchanged, compared to its average volume of 814,667. 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 company’s 50 day simple moving average is $156.97 and its two-hundred day simple moving average is $154.41. Jack Henry & Associates has a 12 month low of $121.04 and a 12 month high of $193.39. The firm has a market capitalization of $12.15 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 2.03 and a beta of 0.55.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, November 3rd. The technology company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.21. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The business had revenue of $682.18 million for the quarter, compared to analysts’ expectations of $685.54 million. During the same quarter in the previous year, the firm posted $1.97 earnings per share. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. Equities research analysts expect that Jack Henry & Associates will post 7.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Jack Henry & Associates

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp raised its position in Jack Henry & Associates by 1,918.2% in the 2nd quarter. Van ECK Associates Corp now owns 1,308,353 shares of the technology company’s stock valued at $180,213,000 after purchasing an additional 1,243,526 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Jack Henry & Associates by 13,343.0% during the first quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company’s stock worth $170,430,000 after purchasing an additional 1,070,376 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Jack Henry & Associates by 13.0% in the first quarter. Dimensional Fund Advisors LP now owns 752,025 shares of the technology company’s stock valued at $118,842,000 after buying an additional 86,810 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Jack Henry & Associates by 33.8% in the first quarter. First Trust Advisors LP now owns 734,298 shares of the technology company’s stock valued at $116,048,000 after buying an additional 185,465 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its holdings in shares of Jack Henry & Associates by 82.4% in the first quarter. Epoch Investment Partners Inc. now owns 681,587 shares of the technology company’s stock valued at $107,718,000 after buying an additional 307,886 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Jack Henry & Associates

Here are the key news stories impacting Jack Henry & Associates this week:

• Positive Sentiment: Jack Henry beat fiscal first-quarter earnings expectations, reporting $2.28 per share versus $2.07 anticipated. Growth in cloud and payments helped lift revenue 8.8% year over year, and the company raised its fiscal 2027 GAAP EPS outlook to $7.47–$7.51. Revenue was slightly below consensus, however. Zacks earnings and growth article Fiscal 2027 outlook article
• Positive Sentiment: Several firms raised their price targets while maintaining or assigning positive ratings: Barclays to $190 (overweight), RBC to $195 (outperform), and Keefe, Bruyette & Woods to $215 (outperform). UBS also lifted its target to $185, while keeping a neutral rating. The revisions signal improved analyst expectations, though targets are not guarantees. Barclays forecast RBC target revision KBW target revision
• Neutral Sentiment: CFO Mimi Carsley is scheduled to present at Citi’s FinTech Conference on November 10. The event may provide investors with updates, but the announcement itself does not indicate a change to the company’s outlook. Conference announcement
• Negative Sentiment: Morgan Stanley said Jack Henry needs to demonstrate clearer upside to its growth targets, highlighting execution and growth visibility as potential investor concerns. Morgan Stanley growth-target assessment

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company that provides software, payment solutions and technology services to banks and credit unions. Its offerings are designed to support core banking operations, digital banking, account management, lending, payments, fraud prevention and other financial institution functions.

The company serves community and regional banks, credit unions and other financial services organizations in the United States. Its products are delivered through integrated platforms and services intended to help financial institutions manage daily operations, improve customer and member experiences, and connect with third-party financial technology providers.

Founded in 1976 and headquartered in Monett, Missouri, Jack Henry has expanded through internal development and acquisitions, including the 2004 acquisition of Symitar, a provider of core processing and related technology for credit unions.