Jack Henry & Associates (NASDAQ:JKHY) Given New $178.00 Price Target at Keefe, Bruyette & Woods

Jack Henry & Associates (NASDAQ:JKHY) had its price target trimmed by Keefe, Bruyette & Woods from $183.00 to $178.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a market perform rating on the technology company’s stock.

JKHY has been the topic of a number of other research reports. Robert W. Baird lowered their target price on shares of Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday. DA Davidson reaffirmed a “buy” rating and issued a $212.00 price objective on shares of Jack Henry & Associates in a research report on Monday. Royal Bank Of Canada reduced their price objective on shares of Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating for the company in a research report on Thursday. UBS Group reduced their price objective on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Wall Street Zen raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Hold” and an average price target of $183.50.

Jack Henry & Associates Trading Down 0.3%

JKHY opened at $163.26 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.71 and a quick ratio of 1.36. Jack Henry & Associates has a fifty-two week low of $157.80 and a fifty-two week high of $196.00. The firm has a market capitalization of $11.89 billion, a PE ratio of 26.16, a P/E/G ratio of 2.95 and a beta of 0.73. The company’s 50-day moving average is $173.97 and its 200 day moving average is $175.28.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.25. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The company had revenue of $615.37 million for the quarter, compared to analyst estimates of $602.20 million. During the same quarter in the prior year, the business posted $1.33 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, research analysts predict that Jack Henry & Associates will post 5.83 earnings per share for the current fiscal year.

Insider Activity

In related news, Director David B. Foss sold 5,780 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.37% of the company’s stock.

Institutional Trading of Jack Henry & Associates

Hedge funds and other institutional investors have recently modified their holdings of the business. Summit Securities Group LLC purchased a new stake in shares of Jack Henry & Associates in the 1st quarter worth about $26,000. Hantz Financial Services Inc. purchased a new stake in shares of Jack Henry & Associates in the second quarter worth $27,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Jack Henry & Associates in the second quarter worth $35,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Jack Henry & Associates in the first quarter worth $38,000. Finally, Private Trust Co. NA grew its stake in shares of Jack Henry & Associates by 49.0% in the second quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock worth $39,000 after acquiring an additional 71 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

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.