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

by · The Cerbat Gem

Jack Henry & Associates (NASDAQ:JKHY – Get Free Report)‘s stock had its “outperform” rating reissued by equities research analysts 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 would suggest a potential upside of 22.12% from the company’s current price.

JKHY has been the topic of a number of other research reports. Barclays boosted their price target on Jack Henry & Associates from $170.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. KeyCorp started coverage on Jack Henry & Associates in a report on Monday, September 14th. They set an “overweight” rating and a $190.00 target price on the stock. UBS Group reiterated a “neutral” rating on shares of Jack Henry & Associates in a report on Wednesday, September 16th. Weiss Ratings upgraded Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Finally, Stephens reiterated an “overweight” rating and set a $200.00 target price on shares of Jack Henry & Associates in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Jack Henry & Associates presently has a consensus rating of “Moderate Buy” and an average target price of $191.47.

Read Our Latest Stock Report on Jack Henry & Associates

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock traded down $0.46 during trading hours on Wednesday, reaching $145.76. The company had a trading volume of 166,196 shares, compared to its average volume of 1,163,647. Jack Henry & Associates has a one year low of $121.04 and a one year high of $193.39. The business has a fifty day simple moving average of $157.99 and a 200 day simple moving average of $150.09. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $10.22 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 1.68 and a beta of 0.56.

Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last posted its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.13. The company had revenue of $633.10 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $1.75 earnings per share. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. On average, analysts anticipate that Jack Henry & Associates will post 7.33 earnings per share 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 stock. Dai ichi Life Insurance Company Ltd raised its holdings in Jack Henry & Associates by 231.1% during the first quarter. Dai ichi Life Insurance Company Ltd now owns 21,102 shares of the technology company’s stock worth $3,335,000 after purchasing an additional 14,728 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Jack Henry & Associates during the 1st quarter worth $3,569,000. Norges Bank bought a new stake in shares of Jack Henry & Associates in the 4th quarter worth about $128,744,000. TD Asset Management Inc boosted its holdings in shares of Jack Henry & Associates by 9.8% in the 4th quarter. TD Asset Management Inc now owns 581,424 shares of the technology company’s stock valued at $106,098,000 after buying an additional 51,699 shares during the period. Finally, Dockside LLC acquired a new position in Jack Henry & Associates during the 4th quarter valued at about $5,367,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Company Profile

(Get Free Report)

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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