Jack Henry & Associates (NASDAQ:JKHY) Given "Buy" Rating at DA Davidson

Key Points

• DA Davidson reiterated its “Buy” rating on Jack Henry & Associates and maintained a $198 price target, implying approximately 18% upside from the reported $167.85 share price.
• Analyst sentiment remains favorable, with one Strong Buy, eleven Buy, and four Hold ratings; the stock carries a consensus “Moderate Buy” rating and an average price target of $193.40.
• Jack Henry recently exceeded quarterly expectations, reporting $1.57 earnings per share versus the $1.44 consensus estimate and $633.1 million in revenue, up 4.6% year over year.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at DA Davidson in a note issued to investors on Wednesday, Benzinga reports. They presently have a $198.00 price objective on the technology company's stock. DA Davidson's price target points to a potential upside of 17.96% from the company's current price.

JKHY has been the topic of a number of other reports. Morgan Stanley set a $170.00 target price on shares of Jack Henry & Associates in a report on Friday, May 8th. Wolfe Research increased their target price on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 25th. Royal Bank Of Canada lifted their price target on shares of Jack Henry & Associates from $173.00 to $178.00 and gave the company an "outperform" rating in a research report on Thursday, August 20th. Barclays boosted their price target on Jack Henry & Associates from $170.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday, August 20th. Finally, Weiss Ratings upgraded Jack Henry & Associates from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, Jack Henry & Associates currently has an average rating of "Moderate Buy" and an average target price of $193.40.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock traded down $0.24 during midday trading on Wednesday, hitting $167.85. 204,725 shares of the company were exchanged, compared to its average volume of 1,175,771. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.17 and a quick ratio of 1.74. The firm has a market cap of $11.77 billion, a P/E ratio of 24.08, a PEG ratio of 1.90 and a beta of 0.56. Jack Henry & Associates has a 52 week low of $121.04 and a 52 week high of $193.39. The firm has a 50 day simple moving average of $153.20 and a 200-day simple moving average of $150.91.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.13. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%.The firm had revenue of $633.10 million for the quarter, compared to analyst estimates of $631.60 million. During the same period in the previous year, the company posted $1.75 earnings per share. The company's revenue for the quarter was up 4.6% on a year-over-year basis. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Research analysts forecast that Jack Henry & Associates will post 7.38 earnings per share for the current year.

Institutional Trading of Jack Henry & Associates

Several hedge funds have recently made changes to their positions in JKHY. Essential Partners LLC lifted its holdings in Jack Henry & Associates by 65.8% in the 1st quarter. Essential Partners LLC now owns 184 shares of the technology company's stock worth $29,000 after buying an additional 73 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Jack Henry & Associates by 3,900.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company's stock worth $30,000 after buying an additional 195 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Jack Henry & Associates by 2,816.7% in the fourth quarter. Larson Financial Group LLC now owns 175 shares of the technology company's stock worth $32,000 after buying an additional 169 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Jack Henry & Associates in the second quarter worth approximately $35,000. Finally, SJS Investment Consulting Inc. grew its holdings in shares of Jack Henry & Associates by 3,933.3% during the first quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company's stock valued at $38,000 after buying an additional 236 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

About Jack Henry & Associates

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.

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