Jack Henry & Associates (NASDAQ:JKHY) Rating Lowered to “Hold” at Wall Street Zen

Jack Henry & Associates (NASDAQ:JKHY) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other analysts also recently weighed in on JKHY. UBS Group dropped their target price on Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. DA Davidson set a $204.00 target price on Jack Henry & Associates in a research report on Friday, August 22nd. Royal Bank Of Canada dropped their target price 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. Weiss Ratings restated a “hold (c)” rating on shares of Jack Henry & Associates in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods dropped their target price on Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating for the company in a research report on Wednesday, October 1st. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $178.38.

Jack Henry & Associates Trading Up 1.5%

Shares of NASDAQ JKHY opened at $151.54 on Friday. Jack Henry & Associates has a 12 month low of $144.12 and a 12 month high of $196.00. The firm has a market capitalization of $11.01 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 2.71 and a beta of 0.78. The business has a 50-day moving average of $157.87 and a 200-day moving average of $170.60.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 EPS for the quarter, topping the consensus estimate 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 company had revenue of $615.37 million during the quarter, compared to analyst estimates of $602.20 million. During the same quarter in the previous year, the firm earned $1.33 earnings per share. Jack Henry & Associates’s revenue was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, analysts predict that Jack Henry & Associates will post 5.83 earnings per share for the current year.

Insiders Place Their Bets

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 completion of the sale, the director owned 139,265 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

Institutional Trading of Jack Henry & Associates

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Summit Securities Group LLC bought a new position in shares of Jack Henry & Associates during the first quarter valued at approximately $26,000. Hantz Financial Services Inc. bought a new position in shares of Jack Henry & Associates during the second quarter valued at approximately $27,000. CYBER HORNET ETFs LLC bought a new position in shares of Jack Henry & Associates during the second quarter valued at approximately $35,000. Cullen Frost Bankers Inc. bought a new position in shares of Jack Henry & Associates during the first quarter valued at approximately $38,000. Finally, Private Trust Co. NA raised its holdings in shares of Jack Henry & Associates by 49.0% during the second quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock valued at $39,000 after acquiring an additional 71 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

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.