Equities research analysts at Seaport Research Partners assumed coverage on shares of Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm set a “buy” rating and a $193.00 price target on the technology company’s stock. Seaport Research Partners’ target price points to a potential upside of 31.99% from the company’s current price.
Other equities analysts also recently issued research reports about the company. Royal Bank Of Canada reissued an “outperform” rating and set a $178.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, September 16th. Oppenheimer raised their price target on Jack Henry & Associates from $208.00 to $209.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Weiss Ratings raised shares of Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 20th. Raymond James Financial boosted their price objective on shares of Jack Henry & Associates from $192.00 to $199.00 and gave the company a “strong-buy” rating in a research report on Wednesday, September 16th. Finally, Stephens reissued an “overweight” rating and issued a $200.00 target price on shares of Jack Henry & Associates in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.18.
Check Out Our Latest Research Report on JKHY
Jack Henry & Associates Stock Down 1.1%
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last issued its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.13. The company had revenue of $633.10 million for the quarter, compared to analysts’ expectations of $631.60 million. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%.The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.75 earnings per share. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. As a group, equities research analysts predict that Jack Henry & Associates will post 7.33 earnings per share for the current year.
Institutional Trading of Jack Henry & Associates
A number of hedge funds have recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. grew its holdings in Jack Henry & Associates by 7.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,759 shares of the technology company’s stock worth $518,000 after acquiring an additional 252 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Jack Henry & Associates by 10.5% in the 2nd quarter. Tidal Investments LLC now owns 33,060 shares of the technology company’s stock valued at $4,554,000 after purchasing an additional 3,148 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Jack Henry & Associates in the 2nd quarter valued at about $5,685,000. IFP Advisors Inc lifted its position in shares of Jack Henry & Associates by 182.7% in the 2nd quarter. IFP Advisors Inc now owns 3,958 shares of the technology company’s stock worth $545,000 after purchasing an additional 2,558 shares during the period. Finally, Squarepoint Ops LLC lifted its position in shares of Jack Henry & Associates by 962.0% in the 2nd quarter. Squarepoint Ops LLC now owns 20,369 shares of the technology company’s stock worth $2,806,000 after purchasing an additional 18,451 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.
Jack Henry & Associates Company Profile
Jack Henry & Associates, Inc is a financial technology company that provides software, payment processing and related services to banks, credit unions and other financial institutions. Founded in 1976 and headquartered in Monett, Missouri, the company serves primarily U.S.-based community and regional financial institutions.
The company offers core processing platforms for banks and credit unions, including Jack Henry Banking and Symitar solutions. Its products and services support account processing, lending, deposit operations, financial reporting, digital banking, mobile banking and customer relationship management.
Jack Henry also provides payment processing, card services, electronic funds transfer capabilities, online account opening, cybersecurity, document and information management, business intelligence and other technology services.
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