Jack Henry & Associates’ (JKHY) “Outperform” Rating Reiterated at Royal Bank Of Canada

Jack Henry & Associates (NASDAQ:JKHY)‘s stock had its “outperform” rating reiterated by stock analysts at Royal Bank Of Canada in a research report issued on Wednesday, Benzinga reports. They currently have a $178.00 price target on the technology company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 24.54% from the stock’s current price.

A number of other equities analysts have also weighed in on JKHY. Stephens reaffirmed an “overweight” rating and issued a $200.00 price objective on shares of Jack Henry & Associates in a research note on Tuesday, August 11th. Barclays lifted their price target 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. KeyCorp began coverage on Jack Henry & Associates in a research report on Monday, September 14th. They set an “overweight” rating and a $190.00 target price for the company. The Goldman Sachs Group boosted their price objective on Jack Henry & Associates from $158.00 to $178.00 and gave the stock a “neutral” rating in a research note on Thursday, August 20th. Finally, Oppenheimer upped their price objective on Jack Henry & Associates from $208.00 to $209.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.47.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY traded down $0.91 during mid-day trading on Wednesday, reaching $142.93. 242,834 shares of the company traded hands, compared to its average volume of 1,161,748. The company’s 50 day moving average price is $157.84 and its 200-day moving average price is $149.75. The firm has a market cap of $10.02 billion, a PE ratio of 20.51, a PEG ratio of 1.63 and a beta of 0.56. Jack Henry & Associates has a 52 week low of $121.04 and a 52 week high of $193.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.17 and a quick ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.13. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The business had revenue of $633.10 million during the quarter, compared to analyst estimates of $631.60 million. During the same period in the prior year, the business posted $1.75 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. On average, equities analysts expect that Jack Henry & Associates will post 7.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Jack Henry & Associates

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Lansforsakringar Fondforvaltning AB publ raised its holdings in shares of Jack Henry & Associates by 0.3% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 22,768 shares of the technology company’s stock valued at $3,598,000 after buying an additional 71 shares during the period. Essential Partners LLC increased its stake in Jack Henry & Associates by 65.8% during the first quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock worth $29,000 after purchasing an additional 73 shares during the period. Petros Family Wealth LLC lifted its position in shares of Jack Henry & Associates by 5.7% during the first quarter. Petros Family Wealth LLC now owns 1,451 shares of the technology company’s stock worth $229,000 after purchasing an additional 78 shares in the last quarter. Empirical Finance LLC boosted its stake in shares of Jack Henry & Associates by 3.3% in the second quarter. Empirical Finance LLC now owns 2,576 shares of the technology company’s stock valued at $355,000 after purchasing an additional 82 shares during the period. Finally, Elevation Point Wealth Partners LLC grew its holdings in shares of Jack Henry & Associates by 3.6% in the first quarter. Elevation Point Wealth Partners LLC now owns 2,835 shares of the technology company’s stock valued at $448,000 after purchasing an additional 98 shares in the last quarter. 98.75% of the stock is owned by 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.