Compass Point Upgrades Jack Henry & Associates (NASDAQ:JKHY) to Buy

Jack Henry & Associates (NASDAQ:JKHY) was upgraded by stock analysts at Compass Point from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage currently has a $187.00 price target on the technology company’s stock, up from their previous price target of $179.00. Compass Point’s target price suggests a potential upside of 16.29% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company raised shares of Jack Henry & Associates to a “hold” rating in a report on Wednesday, October 22nd. UBS Group cut their target price on Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jack Henry & Associates in a research note on Wednesday, October 8th. Royal Bank Of Canada cut their price target on shares of Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating on the stock in a report on Thursday, August 21st. Finally, Robert W. Baird set a $172.00 target price on Jack Henry & Associates in a research note on Friday, October 17th. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $177.25.

Jack Henry & Associates Price Performance

Shares of JKHY stock traded down $2.28 during trading hours on Thursday, hitting $160.80. The stock had a trading volume of 1,045,484 shares, compared to its average volume of 742,856. The stock has a market capitalization of $11.68 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 2.74 and a beta of 0.76. Jack Henry & Associates has a one year low of $144.12 and a one year high of $196.00. The stock’s 50-day moving average price is $154.60 and its two-hundred day moving average price is $167.98.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.33. The business had revenue of $636.11 million during the quarter, compared to analysts’ expectations of $634.42 million. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, equities research analysts predict that Jack Henry & Associates will post 5.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Jack Henry & Associates

A number of large investors have recently made changes to their positions in the stock. Summit Securities Group LLC acquired a new position in shares of Jack Henry & Associates in the first quarter valued at about $26,000. Hantz Financial Services Inc. purchased a new stake in shares of Jack Henry & Associates in the second quarter worth about $27,000. Quent Capital LLC purchased a new position in Jack Henry & Associates during the third quarter worth approximately $33,000. CYBER HORNET ETFs LLC purchased a new stake in Jack Henry & Associates in the 2nd quarter worth $35,000. Finally, Cullen Frost Bankers Inc. acquired a new position in Jack Henry & Associates during the first quarter worth $38,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.