Jack Henry & Associates (NASDAQ:JKHY – Get Free Report)‘s stock had its “buy” rating reaffirmed by equities research analysts at DA Davidson in a note issued to investors on Wednesday, Benzinga reports. They currently have a $198.00 price objective on the technology company’s stock. DA Davidson’s target price indicates a potential upside of 17.96% from the company’s current price.
Several other analysts have also recently issued reports on JKHY. Wolfe Research increased their target price on Jack Henry & Associates from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. Barclays upped their price objective on shares of Jack Henry & Associates from $170.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. The Goldman Sachs Group raised their price objective on Jack Henry & Associates from $158.00 to $178.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. Stephens reiterated an “overweight” rating and set a $200.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, August 11th. Finally, Oppenheimer increased their price objective on shares of Jack Henry & Associates from $208.00 to $209.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Jack Henry & Associates presently has an average rating of “Moderate Buy” and an average price target of $193.40.
Read Our Latest Research Report on JKHY
Jack Henry & Associates Stock Performance
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last announced its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.13. The firm had revenue of $633.10 million during the quarter, compared to analysts’ expectations of $631.60 million. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.75 earnings per share. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. As a group, research analysts predict that Jack Henry & Associates will post 7.38 earnings per share for the current year.
Institutional Investors Weigh In On Jack Henry & Associates
Institutional investors have recently bought and sold shares of the business. VELA Investment Management LLC lifted its holdings in Jack Henry & Associates by 77.4% in the 2nd quarter. VELA Investment Management LLC now owns 65,260 shares of the technology company’s stock worth $8,989,000 after buying an additional 28,474 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Jack Henry & Associates in the 2nd quarter valued at about $5,799,000. California State Teachers Retirement System raised its stake in Jack Henry & Associates by 6,596.8% during the second quarter. California State Teachers Retirement System now owns 11,513,411 shares of the technology company’s stock valued at $1,585,857,000 after buying an additional 11,341,486 shares in the last quarter. Paralel Advisors LLC bought a new position in Jack Henry & Associates during the second quarter worth $2,016,000. Finally, Greenland Capital Management LP acquired a new position in Jack Henry & Associates in the second quarter worth $838,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.
Jack Henry & Associates Company Profile
Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.
The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.
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