UBS Group Forecasts Strong Price Appreciation for Jack Henry & Associates (NASDAQ:JKHY) Stock

Jack Henry & Associates (NASDAQ:JKHY) had its target price boosted by investment analysts at UBS Group from $170.00 to $185.00 in a report released on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. UBS Group‘s target price points to a potential upside of 6.79% from the company’s previous close.

Several other equities research analysts also recently weighed in on the stock. Wolfe Research increased their target price 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. Piper Sandler raised Jack Henry & Associates from a “neutral” rating to an “overweight” rating and set a $175.00 price objective on the stock in a report on Friday, October 9th. Barclays boosted their target price on Jack Henry & Associates from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday. Raymond James Financial increased their target price on Jack Henry & Associates from $192.00 to $199.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, September 16th. Finally, Royal Bank Of Canada raised their price target on Jack Henry & Associates from $178.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday. One research 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $193.18.

Jack Henry & Associates Stock Down 3.9%

JKHY stock traded down $7.03 during midday trading on Thursday, reaching $173.23. 1,110,989 shares of the company were exchanged, compared to its average volume of 814,667. The stock’s 50-day simple moving average is $156.97 and its 200 day simple moving average is $154.41. Jack Henry & Associates has a 1-year low of $121.04 and a 1-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 company has a market cap of $12.15 billion, a price-to-earnings 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 released its quarterly earnings data on Tuesday, November 3rd. The technology company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $682.18 million during the quarter, compared to the consensus estimate of $685.54 million. During the same quarter in the prior year, the firm posted $1.97 earnings per share. Jack Henry & Associates’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, equities analysts forecast that Jack Henry & Associates will post 7.45 earnings per share for the current year.

Hedge Funds Weigh In On Jack Henry & Associates

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

Jack Henry & Associates News Summary

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.