Jack Henry & Associates (NASDAQ:JKHY) Given New $185.00 Price Target at Royal Bank Of Canada

Jack Henry & Associates (NASDAQ:JKHY) had its price target reduced by Royal Bank Of Canada from $203.00 to $185.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a sector perform rating on the technology company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods lowered their target price on shares of Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating on the stock in a research note on Thursday, May 8th. DA Davidson reiterated a “buy” rating and set a $212.00 price target on shares of Jack Henry & Associates in a report on Monday. UBS Group reduced their price target on Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating on the stock in a report on Thursday. Wall Street Zen upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Robert W. Baird reduced their price target on Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Jack Henry & Associates currently has a consensus rating of “Hold” and an average price target of $183.50.

Jack Henry & Associates Trading Down 0.3%

Shares of JKHY opened at $163.26 on Thursday. Jack Henry & Associates has a 52-week low of $157.80 and a 52-week high of $196.00. The company has a quick ratio of 1.36, a current ratio of 1.71 and a debt-to-equity ratio of 0.04. The firm’s fifty day moving average is $173.97 and its two-hundred day moving average is $175.28. The stock has a market cap of $11.89 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 2.95 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $602.20 million. During the same quarter in the previous year, the company posted $1.33 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. Research analysts forecast 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 dated Monday, August 4th. The stock was sold at an average price of $167.28, for a total transaction of $966,878.40. Following the completion of the sale, the director directly owned 139,265 shares of the company’s stock, valued at approximately $23,296,249.20. This trade represents a 3.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.37% of the company’s stock.

Institutional Trading of Jack Henry & Associates

A number of hedge funds and other institutional investors have recently modified their holdings of JKHY. Walleye Capital LLC acquired a new stake in shares of Jack Henry & Associates during the 4th quarter worth about $455,000. Guggenheim Capital LLC increased its position in shares of Jack Henry & Associates by 67.3% during the 4th quarter. Guggenheim Capital LLC now owns 4,220 shares of the technology company’s stock worth $740,000 after purchasing an additional 1,697 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Jack Henry & Associates by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 535,859 shares of the technology company’s stock worth $93,936,000 after purchasing an additional 7,692 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Jack Henry & Associates by 219.4% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,028 shares of the technology company’s stock worth $706,000 after purchasing an additional 2,767 shares during the last quarter. Finally, Natixis increased its position in shares of Jack Henry & Associates by 137.7% during the 4th quarter. Natixis now owns 6,085 shares of the technology company’s stock worth $1,067,000 after purchasing an additional 3,525 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Company Profile

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.