Jack Henry & Associates (NASDAQ:JKHY) Lowered to Hold Rating by Wall Street Zen

Jack Henry & Associates (NASDAQ:JKHY) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other equities research analysts also recently commented on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Jack Henry & Associates from $183.00 to $178.00 and set a “market perform” rating for the company in a report on Thursday, August 21st. Royal Bank Of Canada lowered their target price on shares of Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating for the company in a report on Thursday, August 21st. UBS Group lowered their target price on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Robert W. Baird lowered their target price on shares of Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, August 20th. Finally, DA Davidson set a $204.00 target price on shares of Jack Henry & Associates in a report on Friday, August 22nd. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $182.70.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $163.26 on Friday. The company has a market cap of $11.90 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 2.92 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 50-day simple moving average of $171.91 and a 200-day simple moving average of $174.86.

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

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the business’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 completion of the sale, the director directly owned 139,265 shares in the company, valued at $23,296,249.20. The trade was a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Jack Henry & Associates

Several institutional investors have recently bought and sold shares of the business. Axxcess Wealth Management LLC grew its stake in Jack Henry & Associates by 2.3% during the first quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company’s stock worth $479,000 after buying an additional 59 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its stake in Jack Henry & Associates by 2.1% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,115 shares of the technology company’s stock worth $569,000 after buying an additional 64 shares during the period. Strengthening Families & Communities LLC lifted its position in shares of Jack Henry & Associates by 12.1% during the first quarter. Strengthening Families & Communities LLC now owns 632 shares of the technology company’s stock worth $105,000 after purchasing an additional 68 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Jack Henry & Associates by 11.3% in the second quarter. Blue Trust Inc. now owns 670 shares of the technology company’s stock valued at $121,000 after purchasing an additional 68 shares during the period. Finally, Advisory Services Network LLC boosted its stake in shares of Jack Henry & Associates by 2.6% in the second quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company’s stock valued at $466,000 after purchasing an additional 69 shares during the period. 98.75% of the stock is currently 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.