Jack Henry & Associates (NASDAQ:JKHY) Given Outperform Rating at Royal Bank Of Canada

Jack Henry & Associates (NASDAQ:JKHY)‘s stock had its “outperform” rating restated by equities researchers at Royal Bank Of Canada in a research note issued on Wednesday, Benzinga reports. They currently have a $178.00 target price on the technology company’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 23.75% from the company’s previous close.

JKHY has been the subject of a number of other research reports. Oppenheimer boosted their price objective on Jack Henry & Associates from $208.00 to $209.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Stephens restated an “overweight” rating and set a $200.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, August 11th. Weiss Ratings upgraded Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Wolfe Research boosted their price objective on Jack Henry & Associates from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Finally, Morgan Stanley dropped their price objective on Jack Henry & Associates from $170.00 to $158.00 and set an “equal weight” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $191.47.

Jack Henry & Associates Trading Up 0.4%

Shares of NASDAQ JKHY traded up $0.60 during trading hours on Wednesday, hitting $143.84. 1,056,304 shares of the company traded hands, compared to its average volume of 1,166,807. The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 1.66 and a beta of 0.56. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average price is $157.84 and its 200 day moving average price is $149.75. Jack Henry & Associates has a 12 month low of $121.04 and a 12 month high of $193.39.

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

Institutional Investors Weigh In On Jack Henry & Associates

Hedge funds have recently made changes to their positions in the company. Essential Partners LLC lifted its holdings in shares of Jack Henry & Associates by 65.8% in the 1st quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock worth $29,000 after buying an additional 73 shares during the period. SJS Investment Consulting Inc. lifted its holdings in shares of Jack Henry & Associates by 3,933.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock worth $38,000 after buying an additional 236 shares during the period. Clearstead Advisors LLC lifted its holdings in shares of Jack Henry & Associates by 64.1% in the 4th quarter. Clearstead Advisors LLC now owns 325 shares of the technology company’s stock worth $59,000 after buying an additional 127 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Jack Henry & Associates in the 1st quarter worth $63,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Jack Henry & Associates by 42.0% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 433 shares of the technology company’s stock worth $68,000 after buying an additional 128 shares during the period. 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 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.