Jack Henry & Associates (NASDAQ:JKHY) Given New $161.00 Price Target at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group cut its price target on Jack Henry from $180 to $161 and maintained a "neutral" rating, implying roughly a 10.34% upside from the prior close.
• Jack Henry beat EPS expectations with $1.71 for the quarter (consensus $1.43) while revenue slightly missed at $615.93M; the company set FY2026 guidance of $6.78–$6.87 EPS versus sell-side expectations around $6.69.
• Analyst views are mixed but generally favorable: MarketBeat shows a consensus of "Moderate Buy" with an average target of $193.08, and individual targets range from $161 up to $220.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) had its target price cut by The Goldman Sachs Group from $180.00 to $161.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the technology company's stock. The Goldman Sachs Group's price objective would suggest a potential upside of 10.34% from the company's previous close.

Several other equities research analysts have also recently commented on JKHY. Wolfe Research set a $220.00 price target on Jack Henry & Associates and gave the company an "outperform" rating in a research note on Thursday, January 8th. DA Davidson lowered their price target on Jack Henry & Associates from $216.00 to $198.00 and set a "buy" rating for the company in a research note on Friday, May 1st. Morgan Stanley upped their target price on Jack Henry & Associates from $168.00 to $183.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 5th. Loop Capital initiated coverage on Jack Henry & Associates in a research report on Tuesday, March 31st. They set a "buy" rating and a $197.00 target price for the company. Finally, Robert W. Baird raised Jack Henry & Associates from a "neutral" rating to an "outperform" rating and set a $205.00 target price for the company in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Jack Henry & Associates presently has a consensus rating of "Moderate Buy" and an average target price of $193.08.

Jack Henry & Associates Trading Up 2.1%

JKHY stock traded up $3.04 during mid-day trading on Thursday, reaching $145.92. 486,153 shares of the stock traded hands, compared to its average volume of 963,093. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.01. Jack Henry & Associates has a 52-week low of $141.81 and a 52-week high of $193.39. The company has a market cap of $10.53 billion, a P/E ratio of 20.41, a P/E/G ratio of 2.23 and a beta of 0.63. The stock's fifty day moving average is $158.71 and its 200-day moving average is $168.16.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.28. Jack Henry & Associates had a return on equity of 23.93% and a net margin of 20.64%.The company had revenue of $615.93 million for the quarter, compared to analysts' expectations of $619.67 million. During the same quarter in the previous year, the business posted $1.52 EPS. The business's revenue for the quarter was up 8.7% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, sell-side analysts expect that Jack Henry & Associates will post 6.69 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Modera Wealth Management LLC bought a new stake in Jack Henry & Associates in the third quarter valued at $3,298,000. Pensionfund Sabic bought a new stake in Jack Henry & Associates in the fourth quarter valued at $1,204,000. Teacher Retirement System of Texas grew its holdings in shares of Jack Henry & Associates by 693.2% during the third quarter. Teacher Retirement System of Texas now owns 87,817 shares of the technology company's stock worth $13,079,000 after purchasing an additional 76,746 shares during the last quarter. Bayforest Capital Ltd bought a new stake in shares of Jack Henry & Associates during the third quarter worth $998,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Jack Henry & Associates by 4.8% during the third quarter. Bank of New York Mellon Corp now owns 712,751 shares of the technology company's stock worth $106,150,000 after purchasing an additional 32,468 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Company Profile

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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