Jack Henry & Associates (NASDAQ:JKHY) Stock Rating Upgraded by Wolfe Research

Jack Henry & Associates (NASDAQ:JKHY) was upgraded by investment analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a research report issued on Thursday, Marketbeat Ratings reports. The firm currently has a $220.00 target price on the technology company’s stock. Wolfe Research’s price objective would indicate a potential upside of 16.30% from the stock’s previous close.

A number of other brokerages have also recently commented on JKHY. DA Davidson reduced their target price on shares of Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Compass Point upgraded shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and increased their price objective for the company from $179.00 to $187.00 in a report on Thursday, November 6th. Raymond James Financial upgraded Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 target price on the stock in a report on Thursday, November 20th. Wall Street Zen lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, The Goldman Sachs Group increased their price target on Jack Henry & Associates from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $195.40.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $189.16 on Thursday. The stock has a market capitalization of $13.69 billion, a P/E ratio of 28.75, a PEG ratio of 3.24 and a beta of 0.73. The business has a 50 day simple moving average of $176.37 and a two-hundred day simple moving average of $167.89. Jack Henry & Associates has a 12 month low of $144.12 and a 12 month high of $196.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.49 and a quick ratio of 1.49.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.64 by $0.33. The firm had revenue of $636.11 million during the quarter, compared to analysts’ expectations of $634.42 million. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 19.86%.The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.63 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, analysts predict that Jack Henry & Associates will post 5.83 EPS for the current fiscal year.

Insider Activity at Jack Henry & Associates

In related news, Director David B. Foss sold 20,000 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $174.92, for a total value of $3,498,400.00. Following the completion of the transaction, the director directly owned 128,133 shares in the company, valued at approximately $22,413,024.36. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Shanon G. Mclachlan sold 227 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $160.83, for a total value of $36,508.41. Following the sale, the chief operating officer directly owned 1,420 shares of the company’s stock, valued at approximately $228,378.60. This trade represents a 13.78% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of JKHY. Artisan Partners Limited Partnership acquired a new position in Jack Henry & Associates during the 2nd quarter worth about $74,302,000. Apollon Wealth Management LLC increased its stake in Jack Henry & Associates by 270.6% during the third quarter. Apollon Wealth Management LLC now owns 13,927 shares of the technology company’s stock worth $2,074,000 after purchasing an additional 10,169 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Jack Henry & Associates by 9.2% during the second quarter. Nomura Asset Management Co. Ltd. now owns 31,872 shares of the technology company’s stock worth $5,742,000 after purchasing an additional 2,680 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Jack Henry & Associates by 22.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,668,602 shares of the technology company’s stock valued at $300,632,000 after purchasing an additional 301,600 shares during the period. Finally, Achmea Investment Management B.V. grew its holdings in shares of Jack Henry & Associates by 112.2% in the second quarter. Achmea Investment Management B.V. now owns 12,650 shares of the technology company’s stock valued at $2,280,000 after purchasing an additional 6,689 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.