Jack Henry & Associates (NASDAQ:JKHY) Upgraded to “Hold” at Piper Sandler

Jack Henry & Associates (NASDAQ:JKHY) was upgraded by analysts at Piper Sandler to a “hold” rating in a research note issued on Thursday, Zacks reports.

A number of other research firms have also recently commented on JKHY. Oppenheimer boosted their target price on shares of Jack Henry & Associates from $208.00 to $209.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Wolfe Research lifted their price target on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. DA Davidson reissued a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, September 2nd. UBS Group upped their price objective on shares of Jack Henry & Associates from $165.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. Finally, Stephens restated an “overweight” rating and set a $200.00 target price on shares of Jack Henry & Associates in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Jack Henry & Associates presently has an average rating of “Moderate Buy” and a consensus price target of $192.00.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY opened at $161.12 on Thursday. The business’s 50-day simple moving average is $157.31 and its 200 day simple moving average is $151.24. The company has a market cap of $11.30 billion, a P/E ratio of 23.12, a PEG ratio of 1.83 and a beta of 0.56. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.17 and a current ratio of 1.17. Jack Henry & Associates has a one year low of $121.04 and a one year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, topping 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 firm had revenue of $633.10 million during the quarter, compared to analysts’ expectations of $631.60 million. During the same quarter in the prior year, the business earned $1.75 EPS. Jack Henry & Associates’s quarterly revenue was up 4.6% compared to the same quarter last year. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. On average, sell-side analysts forecast that Jack Henry & Associates will post 7.36 earnings per share for the current fiscal year.

Institutional Trading of Jack Henry & Associates

Several institutional investors and hedge funds have recently bought and sold shares of the company. Essential Partners LLC grew its position in shares of Jack Henry & Associates by 65.8% in the 1st quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock worth $29,000 after acquiring an additional 73 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Jack Henry & Associates by 3,900.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock valued at $30,000 after acquiring an additional 195 shares in the last quarter. Larson Financial Group LLC lifted its stake in Jack Henry & Associates by 2,816.7% during the fourth quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock worth $32,000 after purchasing an additional 169 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in Jack Henry & Associates during the second quarter worth $35,000. Finally, SJS Investment Consulting Inc. boosted its holdings in Jack Henry & Associates by 3,933.3% in the first quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock worth $38,000 after purchasing an additional 236 shares during the period. Institutional investors and hedge funds 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 and technology services to banks, credit unions and other financial institutions. Its solutions are designed to support core processing, digital banking, payments, lending, risk management and operational workflows.

The company’s products include core banking platforms, online and mobile banking tools, payment processing services, electronic bill pay, loan origination and document management solutions, fraud prevention tools, and technology that helps financial institutions connect with third-party applications.