The Goldman Sachs Group Increases Jack Henry & Associates (NASDAQ:JKHY) Price Target to $175.00

Jack Henry & Associates (NASDAQ:JKHY) had its price objective lifted by stock analysts at The Goldman Sachs Group from $155.00 to $175.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 8.83% from the company’s previous close.

Several other research analysts have also recently commented on JKHY. Weiss Ratings restated a “hold (c)” rating on shares of Jack Henry & Associates in a research report on Wednesday, October 8th. Royal Bank Of Canada reduced their price objective on Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating for the company in a research report on Thursday, August 21st. Robert W. Baird set a $172.00 price objective on Jack Henry & Associates in a report on Friday, October 17th. Wells Fargo & Company raised their target price on Jack Henry & Associates from $161.00 to $164.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Wall Street Zen raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $177.25.

Jack Henry & Associates Stock Performance

JKHY stock opened at $160.80 on Friday. 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 1 year low of $144.12 and a 1 year high of $196.00. The stock’s fifty day moving average is $154.60 and its two-hundred day moving average is $167.95.

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

Institutional Investors Weigh In On Jack Henry & Associates

A number of institutional investors have recently added to or reduced their stakes in JKHY. OneDigital Investment Advisors LLC raised its stake in shares of Jack Henry & Associates by 22.7% in the 1st quarter. OneDigital Investment Advisors LLC now owns 2,481 shares of the technology company’s stock worth $453,000 after buying an additional 459 shares in the last quarter. World Investment Advisors boosted its stake in Jack Henry & Associates by 27.1% during the first quarter. World Investment Advisors now owns 1,808 shares of the technology company’s stock valued at $330,000 after buying an additional 386 shares in the last quarter. M&T Bank Corp grew its holdings in Jack Henry & Associates by 5.5% during the first quarter. M&T Bank Corp now owns 12,280 shares of the technology company’s stock worth $2,243,000 after acquiring an additional 635 shares during the period. Axxcess Wealth Management LLC grew its holdings in Jack Henry & Associates by 2.3% during the first quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company’s stock worth $479,000 after acquiring an additional 59 shares during the period. Finally, Cerity Partners LLC raised its position in Jack Henry & Associates by 35.6% in the first quarter. Cerity Partners LLC now owns 10,701 shares of the technology company’s stock worth $1,954,000 after acquiring an additional 2,810 shares in the last quarter. 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, 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.