Jack Henry & Associates (NASDAQ:JKHY) Given Outperform Rating at Royal Bank Of Canada

Key Points

• Royal Bank of Canada reiterated its “Outperform” rating on Jack Henry & Associates and set a $178 price target, implying approximately 15.5% upside from the prior close.
• Analyst sentiment remains broadly positive: the stock has a “Moderate Buy” consensus rating and an average price target of $191.88, with KeyCorp assigning an Overweight rating and a $190 target.
• Jack Henry reported quarterly EPS of $1.57, beating expectations of $1.44, while revenue rose 4.6% year over year to $633.1 million; institutional investors own 98.75% of the company.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report)'s stock had its "outperform" rating reiterated by Royal Bank Of Canada in a research report issued on Wednesday, Benzinga reports. They presently have a $178.00 target price on the technology company's stock. Royal Bank Of Canada's price target would suggest a potential upside of 15.53% from the company's previous close.

A number of other research analysts have also recently issued reports on JKHY. UBS Group lifted their price target on shares of Jack Henry & Associates from $165.00 to $170.00 and gave the company a "neutral" rating in a research report on Thursday, August 20th. KeyCorp initiated coverage on Jack Henry & Associates in a research note on Monday. They set an "overweight" rating and a $190.00 price objective for the company. DA Davidson reissued a "buy" rating and issued a $198.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, September 2nd. Weiss Ratings upgraded shares of Jack Henry & Associates from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, August 20th. Finally, Piper Sandler assumed coverage on shares of Jack Henry & Associates in a report on Thursday, September 10th. They issued a "neutral" rating and a $171.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $191.88.

Jack Henry & Associates Stock Down 6.4%

Shares of NASDAQ JKHY opened at $154.07 on Wednesday. The firm has a fifty day simple moving average of $157.82 and a two-hundred day simple moving average of $151.25. The firm has a market capitalization of $10.80 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 1.86 and a beta of 0.56. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.02. Jack Henry & Associates has a 12 month low of $121.04 and a 12 month high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, beating 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 business had revenue of $633.10 million for the quarter, compared to analysts' expectations of $631.60 million. During the same period in the previous year, the firm posted $1.75 EPS. The business's revenue 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. Equities analysts expect that Jack Henry & Associates will post 7.36 earnings per share for the current year.

Institutional Trading of Jack Henry & Associates

Several large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC increased its stake in shares of Jack Henry & Associates by 10.5% in the 2nd quarter. Tidal Investments LLC now owns 33,060 shares of the technology company's stock worth $4,554,000 after purchasing an additional 3,148 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Jack Henry & Associates in the second quarter worth $5,685,000. IFP Advisors Inc lifted its stake in shares of Jack Henry & Associates by 182.7% during the 2nd quarter. IFP Advisors Inc now owns 3,958 shares of the technology company's stock valued at $545,000 after buying an additional 2,558 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in Jack Henry & Associates by 962.0% in the 2nd quarter. Squarepoint Ops LLC now owns 20,369 shares of the technology company's stock worth $2,806,000 after buying an additional 18,451 shares during the period. Finally, Baird Financial Group Inc. raised its holdings in Jack Henry & Associates by 2.2% during the second quarter. Baird Financial Group Inc. now owns 88,953 shares of the technology company's stock valued at $12,252,000 after acquiring an additional 1,943 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Key Stories Impacting Jack Henry & Associates

Here are the key news stories impacting Jack Henry & Associates this week:

• Positive Sentiment: KeyCorp initiated coverage of Jack Henry & Associates with an Overweight rating and a $190 price target. Relative to the stock’s recent opening price of $154.07, the target implies roughly 23% potential upside, providing a clear bullish catalyst. Jack Henry & Associates Coverage Initiated at KeyCorp
• Positive Sentiment: KeyCorp expects Jack Henry’s earnings to grow from $7.18 per share in fiscal 2027 to $7.88 in fiscal 2028 and $8.65 in fiscal 2029. The estimates suggest continued earnings expansion for the banking-technology provider over the next several years. KeyBanc initiates coverage of Jack Henry & Associates at overweight
• Neutral Sentiment: KeyCorp’s quarterly projections are $1.98 EPS for Q1 fiscal 2027, $1.75 for Q2, $1.74 for Q3 and $1.71 for Q4. Its fiscal 2027 forecast of $7.18 is below the broader consensus estimate of $7.36, tempering the bullish signal despite the positive rating and price target.
• Negative Sentiment: Bank leaders continue to face increasing competition and pressure to invest in emerging technologies, factors that could require higher spending and challenge Jack Henry’s growth outlook. However, the survey is industrywide and does not identify a specific deterioration in Jack Henry’s business. Bank Director's 2026 Technology Survey

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company that provides software and technology services to banks, credit unions and other financial institutions. Its solutions are designed to support core processing, digital banking, payments, lending, risk management and operational workflows.

The company's products include core banking platforms, online and mobile banking tools, payment processing services, electronic bill pay, loan origination and document management solutions, fraud prevention tools, and technology that helps financial institutions connect with third-party applications.

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