Jack Henry & Associates (NASDAQ:JKHY) Rating Increased to Hold at Wells Fargo & Company

Jack Henry & Associates (NASDAQ:JKHY) was upgraded by investment analysts at Wells Fargo & Company to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. UBS Group lowered their price objective on Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. Wall Street Zen cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. The Goldman Sachs Group lowered their price objective on Jack Henry & Associates from $173.00 to $155.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Keefe, Bruyette & Woods lowered their target price on Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating on the stock in a report on Wednesday, October 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Jack Henry & Associates in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Jack Henry & Associates has an average rating of “Hold” and an average target price of $174.00.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $155.72 on Wednesday. The stock has a 50-day simple moving average of $156.30 and a two-hundred day simple moving average of $169.18. The firm has a market capitalization of $11.32 billion, a P/E ratio of 24.96, a PEG ratio of 2.84 and a beta of 0.78. Jack Henry & Associates has a fifty-two week low of $144.12 and a fifty-two week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, August 19th. The technology company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.25. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The firm had revenue of $615.37 million for the quarter, compared to analysts’ expectations of $602.20 million. During the same period last year, the firm earned $1.33 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, analysts forecast that Jack Henry & Associates will post 5.83 earnings per share for the current year.

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $167.28, for a total value of $966,878.40. Following the sale, the director owned 139,265 shares of the company’s stock, valued at $23,296,249.20. The trade was a 3.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by insiders.

Institutional Trading of Jack Henry & Associates

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JKHY. Cardinal Capital Management increased its position in shares of Jack Henry & Associates by 0.6% during the third quarter. Cardinal Capital Management now owns 17,258 shares of the technology company’s stock worth $2,570,000 after acquiring an additional 97 shares during the period. Benjamin Edwards Inc. grew its stake in shares of Jack Henry & Associates by 7.4% during the third quarter. Benjamin Edwards Inc. now owns 169,677 shares of the technology company’s stock worth $25,274,000 after purchasing an additional 11,748 shares in the last quarter. United Asset Strategies Inc. grew its stake in shares of Jack Henry & Associates by 1.1% during the third quarter. United Asset Strategies Inc. now owns 19,435 shares of the technology company’s stock worth $2,895,000 after purchasing an additional 209 shares in the last quarter. Clean Yield Group grew its stake in shares of Jack Henry & Associates by 1.8% during the third quarter. Clean Yield Group now owns 32,351 shares of the technology company’s stock worth $4,818,000 after purchasing an additional 585 shares in the last quarter. Finally, Moran Wealth Management LLC boosted its stake in Jack Henry & Associates by 22.5% in the third quarter. Moran Wealth Management LLC now owns 3,841 shares of the technology company’s stock valued at $572,000 after acquiring an additional 705 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

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.