Jack Henry & Associates (NASDAQ:JKHY) Upgraded at Wall Street Zen

Jack Henry & Associates (NASDAQ:JKHY) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other brokerages also recently commented on JKHY. Wells Fargo & Company raised Jack Henry & Associates to a “hold” rating in a report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Jack Henry & Associates in a report on Wednesday, October 8th. Robert W. Baird set a $172.00 price target on Jack Henry & Associates in a report on Friday, October 17th. Keefe, Bruyette & Woods reduced their price target on Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating for the company in a report on Wednesday, October 1st. Finally, DA Davidson cut their target price on shares of Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $172.25.

Jack Henry & Associates Stock Performance

JKHY stock opened at $148.94 on Friday. Jack Henry & Associates has a 1 year low of $144.12 and a 1 year high of $196.00. The firm has a market cap of $10.82 billion, a P/E ratio of 23.87, a price-to-earnings-growth ratio of 2.74 and a beta of 0.78. The stock has a 50-day simple moving average of $155.12 and a 200-day simple moving average of $168.48.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.25. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The business had revenue of $615.37 million during the quarter, compared to analyst estimates of $602.20 million. During the same quarter last year, the firm earned $1.33 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, equities research analysts predict 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 Jack Henry & Associates stock in a transaction that occurred 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 transaction, the director owned 139,265 shares in the company, valued at approximately $23,296,249.20. This trade represents a 3.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JKHY. Summit Securities Group LLC acquired a new position in Jack Henry & Associates during the 1st quarter valued at approximately $26,000. Hantz Financial Services Inc. bought a new position in Jack Henry & Associates in the 2nd quarter worth about $27,000. Quent Capital LLC bought a new position in Jack Henry & Associates in the 3rd quarter worth about $33,000. CYBER HORNET ETFs LLC bought a new position in Jack Henry & Associates in the 2nd quarter worth about $35,000. Finally, Cullen Frost Bankers Inc. bought a new position in Jack Henry & Associates in the 1st quarter worth about $38,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

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.