KeyCorp Begins Coverage on Jack Henry & Associates (NASDAQ:JKHY)

Key Points

• KeyCorp initiated coverage of Jack Henry & Associates with an “overweight” rating and a $190 price target, implying 17.92% upside from the previous close.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $191.88 based on one Strong Buy, 12 Buys, and five Holds.
• Jack Henry recently beat quarterly earnings expectations, reporting $1.57 in EPS versus the $1.44 consensus and $633.1 million in revenue, up 4.6% year over year; institutional investors own 98.75% of the stock.

Equities researchers at KeyCorp began coverage on shares of Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) in a research note issued to investors on Monday, Benzinga reports. The firm set an "overweight" rating and a $190.00 price target on the technology company's stock. KeyCorp's price objective would indicate a potential upside of 17.92% from the stock's previous close.

Several other research analysts have also recently issued reports on JKHY. UBS Group raised their price objective on Jack Henry & Associates from $165.00 to $170.00 and gave the stock a "neutral" rating in a research note on Thursday, August 20th. Oppenheimer upped their price objective on shares of Jack Henry & Associates from $208.00 to $209.00 and gave the company an "outperform" rating in a report on Wednesday, August 19th. Wolfe Research boosted their target price on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the company an "outperform" rating in a research report on Tuesday, August 25th. Royal Bank Of Canada lifted their price target on Jack Henry & Associates from $173.00 to $178.00 and gave the company an "outperform" rating in a research report on Thursday, August 20th. Finally, Barclays raised their price target on shares of Jack Henry & Associates from $170.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Jack Henry & Associates currently has a consensus rating of "Moderate Buy" and a consensus price target of $191.88.

Jack Henry & Associates Price Performance

Shares of JKHY stock opened at $161.12 on Monday. Jack Henry & Associates has a 1-year low of $121.04 and a 1-year high of $193.39. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 23.12, a price-to-earnings-growth ratio of 1.82 and a beta of 0.56. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.17 and a quick ratio of 1.17. The stock's fifty day moving average price is $157.31 and its 200 day moving average price is $151.21.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.44 by $0.13. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The firm had revenue of $633.10 million during the quarter, compared to analyst estimates of $631.60 million. During the same period last year, the firm posted $1.75 EPS. Jack Henry & Associates'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. On average, research analysts expect that Jack Henry & Associates will post 7.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Jack Henry & Associates

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