Jack Henry & Associates (NASDAQ:JKHY) Stock Price Target Lowered at Morgan Stanley

Key Points

• Morgan Stanley lowered Jack Henry & Associates’ price target to $158 from $170 while maintaining an “equal weight” rating, implying approximately 8.1% upside from the stock’s $146.22 price.
• Analyst sentiment remains broadly positive: the stock has a “Moderate Buy” consensus rating and an average price target of $191.47, with recent targets ranging from $175 to $198.
• Jack Henry exceeded quarterly expectations, reporting $1.57 in EPS versus a $1.44 estimate and $633.1 million in revenue. Institutional investors own approximately 98.75% of the company’s shares.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) had its target price dropped by stock analysts at Morgan Stanley from $170.00 to $158.00 in a report released on Wednesday, Benzinga reports. The firm presently has an "equal weight" rating on the technology company's stock. Morgan Stanley's price target suggests a potential upside of 8.06% from the stock's current price.

Several other analysts have also recently weighed in on JKHY. Seaport Research Partners started coverage on shares of Jack Henry & Associates in a research note on Monday. They set a "buy" rating and a $193.00 price objective on the stock. UBS Group reissued a "neutral" rating on shares of Jack Henry & Associates in a report on Wednesday, September 16th. DA Davidson restated a "buy" rating and set a $198.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, September 2nd. KeyCorp assumed coverage on Jack Henry & Associates in a report on Monday, September 14th. They set an "overweight" rating and a $190.00 price target for the company. Finally, Piper Sandler lifted their price objective on Jack Henry & Associates from $171.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $191.47.

Jack Henry & Associates Trading Down 1.1%

Shares of JKHY opened at $146.22 on Wednesday. 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 stock has a market cap of $10.25 billion, a PE ratio of 20.98, a PEG ratio of 1.68 and a beta of 0.56. Jack Henry & Associates has a 1 year low of $121.04 and a 1 year high of $193.39. The stock has a 50 day simple moving average of $157.99 and a 200-day simple moving average of $150.09.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $631.60 million. During the same period in the prior year, the company posted $1.75 earnings per share. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. On average, sell-side analysts predict that Jack Henry & Associates will post 7.33 EPS for the current fiscal year.

Institutional Trading of Jack Henry & Associates

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. lifted its holdings in Jack Henry & Associates by 7.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,759 shares of the technology company's stock worth $518,000 after buying an additional 252 shares in the last quarter. Tidal Investments LLC boosted its position in Jack Henry & Associates by 10.5% in the 2nd quarter. Tidal Investments LLC now owns 33,060 shares of the technology company's stock valued at $4,554,000 after buying an additional 3,148 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Jack Henry & Associates in the 2nd quarter valued at $5,685,000. IFP Advisors Inc increased its stake in shares of Jack Henry & Associates by 182.7% in 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 during the period. Finally, Squarepoint Ops LLC raised its position in shares of Jack Henry & Associates by 962.0% during the second quarter. Squarepoint Ops LLC now owns 20,369 shares of the technology company's stock worth $2,806,000 after acquiring an additional 18,451 shares during the last quarter. 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 that provides software, payment processing and related services to banks, credit unions and other financial institutions. Founded in 1976 and headquartered in Monett, Missouri, the company serves primarily U.S.-based community and regional financial institutions.

The company offers core processing platforms for banks and credit unions, including Jack Henry Banking and Symitar solutions. Its products and services support account processing, lending, deposit operations, financial reporting, digital banking, mobile banking and customer relationship management.

Jack Henry also provides payment processing, card services, electronic funds transfer capabilities, online account opening, cybersecurity, document and information management, business intelligence and other technology services.

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