Jack Henry & Associates (NASDAQ:JKHY) Price Target Lowered to $175.00 at UBS Group

Jack Henry & Associates (NASDAQ:JKHY) had its price target reduced by UBS Group from $185.00 to $175.00 in a report issued on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the technology company’s stock.

Several other brokerages also recently issued reports on JKHY. Keefe, Bruyette & Woods decreased their price objective on shares of Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating for the company in a research note on Thursday, May 8th. DA Davidson reissued a “buy” rating and issued a $212.00 price objective on shares of Jack Henry & Associates in a research note on Monday. Wall Street Zen raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Robert W. Baird decreased their price objective on shares of Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating for the company in a research note 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 stock. According to MarketBeat, the stock 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 firm has a market cap of $11.89 billion, a P/E ratio of 26.16, a P/E/G ratio of 2.95 and a beta of 0.73. Jack Henry & Associates has a 12 month low of $157.80 and a 12 month high of $196.00. The company has a current ratio of 1.71, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average of $173.97 and a 200 day moving average of $175.28.

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

Insider Activity at Jack Henry & Associates

In other news, Director David B. Foss sold 5,780 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $167.28, for a total transaction of $966,878.40. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Jack Henry & Associates

A number of institutional investors have recently modified their holdings of the stock. Summit Securities Group LLC bought a new position in shares of Jack Henry & Associates during the first quarter valued at approximately $26,000. Hantz Financial Services Inc. bought a new position in shares of Jack Henry & Associates during the second quarter valued at approximately $27,000. CYBER HORNET ETFs LLC bought a new position in shares of Jack Henry & Associates during the second quarter valued at approximately $35,000. Cullen Frost Bankers Inc. bought a new position in shares of Jack Henry & Associates during the first quarter valued at approximately $38,000. Finally, Private Trust Co. NA boosted its stake in shares of Jack Henry & Associates by 49.0% during the second quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock valued at $39,000 after purchasing an additional 71 shares in 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.