Jack Henry & Associates (NASDAQ:JKHY) Stock Gets Price Target Boost from Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised its price target on Jack Henry & Associates from $178 to $195 and maintained an “outperform” rating, implying about 8% upside from the prior close.
• Analyst sentiment is broadly positive: the stock has a consensus “Moderate Buy” rating and an average price target of $191.22.
• Jack Henry reported quarterly EPS of $2.28, beating estimates of $2.07, while revenue rose 8.8% year over year to $682.18 million but came in slightly below consensus.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) had its price objective increased by Royal Bank Of Canada from $178.00 to $195.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an "outperform" rating on the technology company's stock. Royal Bank Of Canada's target price would indicate a potential upside of 7.98% from the company's previous close.

Several other research analysts have also weighed in on the company. Piper Sandler upgraded Jack Henry & Associates from a "neutral" rating to an "overweight" rating and set a $175.00 price objective for the company in a research report on Friday, October 9th. Wolfe Research upped their price target on Jack Henry & Associates from $200.00 to $215.00 and gave the company an "outperform" rating in a research note on Tuesday, August 25th. The Goldman Sachs Group increased their price target on Jack Henry & Associates from $158.00 to $178.00 and gave the stock a "neutral" rating in a report on Thursday, August 20th. Keefe, Bruyette & Woods raised their price objective on Jack Henry & Associates from $200.00 to $215.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, Bank of America started coverage on shares of Jack Henry & Associates in a report on Thursday, October 15th. They issued a "neutral" rating and a $165.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $191.22.

Jack Henry & Associates Trading Up 0.8%

JKHY stock traded up $1.42 during trading on Thursday, reaching $180.58. 607,013 shares of the stock were exchanged, compared to its average volume of 1,127,432. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $12.66 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 2.00 and a beta of 0.55. The business has a 50 day moving average price of $156.74 and a 200-day moving average price of $154.53. Jack Henry & Associates has a 1 year low of $121.04 and a 1 year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The technology company reported $2.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.07 by $0.21. The business had revenue of $682.18 million during the quarter, compared to the consensus estimate of $685.54 million. Jack Henry & Associates had a net margin of 19.96% and a return on equity of 24.38%. The business's revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.97 EPS. On average, research analysts predict that Jack Henry & Associates will post 7.30 earnings per share for the current year.

Institutional Investors Weigh In On Jack Henry & Associates

Several institutional investors and hedge funds have recently modified their holdings of the company. Van ECK Associates Corp increased its holdings in shares of Jack Henry & Associates by 1,918.2% in the 2nd quarter. Van ECK Associates Corp now owns 1,308,353 shares of the technology company's stock valued at $180,213,000 after acquiring an additional 1,243,526 shares during the period. Janus Henderson Group PLC boosted its stake in Jack Henry & Associates by 13,343.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company's stock worth $170,430,000 after purchasing an additional 1,070,376 shares during the period. Bank of New York Mellon Corp acquired a new stake in Jack Henry & Associates during the 2nd quarter worth $87,669,000. Epoch Investment Partners Inc. grew its position in Jack Henry & Associates by 82.4% during the 1st quarter. Epoch Investment Partners Inc. now owns 681,587 shares of the technology company's stock worth $107,718,000 after purchasing an additional 307,886 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in Jack Henry & Associates by 214.3% during the 1st quarter. Quantinno Capital Management LP now owns 419,286 shares of the technology company's stock worth $66,264,000 after purchasing an additional 285,893 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

More Jack Henry & Associates News

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

• Positive Sentiment: For fiscal Q1 2027, Jack Henry reported diluted EPS of $2.28, up from $1.97 a year earlier, and revenue growth of 8.8%. Cloud and payments growth helped lift revenue and margins. Quarterly results
• Positive Sentiment: The company raised its FY2027 GAAP EPS outlook to $7.47–$7.51 and said it is targeting 58–65 new core banking wins, supporting expectations for continued growth. Guidance update
• Positive Sentiment: Keefe, Bruyette & Woods raised its target from $200 to $215 and maintained an “outperform” rating; Barclays raised its target from $185 to $190 and maintained “overweight.” The upgrades signal continued analyst optimism. KBW rating Barclays rating
• Neutral Sentiment: Some commentary questioned whether the strong results make the stock attractive, suggesting valuation could temper enthusiasm; the available article listing did not provide further detail. Investment commentary

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company that provides software, payment solutions and technology services to banks and credit unions. Its offerings are designed to support core banking operations, digital banking, account management, lending, payments, fraud prevention and other financial institution functions.

The company serves community and regional banks, credit unions and other financial services organizations in the United States. Its products are delivered through integrated platforms and services intended to help financial institutions manage daily operations, improve customer and member experiences, and connect with third-party financial technology providers.

Founded in 1976 and headquartered in Monett, Missouri, Jack Henry has expanded through internal development and acquisitions, including the 2004 acquisition of Symitar, a provider of core processing and related technology for credit unions.

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