Jack Henry & Associates (NASDAQ:JKHY) Given New $170.00 Price Target at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods has lowered the price target for Jack Henry & Associates (NASDAQ: JKHY) from $178.00 to $170.00, suggesting a potential upside of 16.42% from the previous close.
• The stock of Jack Henry & Associates has recently experienced a 2.0% decline, trading at $146.03, with significant trading volume of 529,424 shares.
• Despite a recent quarterly earnings report showing better-than-expected EPS results, analysts currently maintain an average rating of "Hold" for the stock, with an average target price of $178.38.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) had its price target lowered by equities researchers at Keefe, Bruyette & Woods from $178.00 to $170.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a "market perform" rating on the technology company's stock. Keefe, Bruyette & Woods' target price would suggest a potential upside of 16.42% from the company's previous close.

Several other research analysts also recently commented on JKHY. DA Davidson set a $204.00 price objective on shares of Jack Henry & Associates in a report on Friday, August 22nd. Royal Bank Of Canada lowered their target price on Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating for the company in a research report on Thursday, August 21st. UBS Group lowered their target price on Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating for the company in a research report on Thursday, August 21st. Wall Street Zen raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Saturday, September 20th. Finally, Robert W. Baird lowered their price target on Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, August 20th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Jack Henry & Associates currently has an average rating of "Hold" and an average target price of $178.38.

Jack Henry & Associates Stock Down 2.0%

Shares of Jack Henry & Associates stock traded down $2.91 during trading hours on Wednesday, reaching $146.03. 529,424 shares of the stock traded hands, compared to its average volume of 677,930. The company has a 50 day moving average price of $162.12 and a 200 day moving average price of $172.18. The firm has a market capitalization of $10.61 billion, a price-to-earnings ratio of 23.42, a P/E/G ratio of 2.69 and a beta of 0.79. Jack Henry & Associates has a one year low of $145.64 and a one year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.25. The company had revenue of $615.37 million during the quarter, compared to the consensus estimate of $602.20 million. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The firm's revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. Sell-side analysts anticipate that Jack Henry & Associates will post 5.83 earnings per share for the current year.

Insider Activity at Jack Henry & Associates

In other news, Director David B. Foss sold 5,780 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $167.28, for a total value of $966,878.40. Following the completion of the transaction, the director directly owned 139,265 shares of the company's stock, valued at approximately $23,296,249.20. The trade was a 3.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.37% of the company's stock.

Hedge Funds Weigh In On Jack Henry & Associates

A number of large investors have recently added to or reduced their stakes in JKHY. Axxcess Wealth Management LLC raised its stake in shares of Jack Henry & Associates by 2.3% during the 1st quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company's stock worth $479,000 after acquiring an additional 59 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Jack Henry & Associates by 2.1% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,115 shares of the technology company's stock valued at $569,000 after acquiring an additional 64 shares in the last quarter. Strengthening Families & Communities LLC increased its holdings in shares of Jack Henry & Associates by 12.1% during the first quarter. Strengthening Families & Communities LLC now owns 632 shares of the technology company's stock valued at $105,000 after acquiring an additional 68 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Jack Henry & Associates by 11.3% during the second quarter. Blue Trust Inc. now owns 670 shares of the technology company's stock valued at $121,000 after acquiring an additional 68 shares in the last quarter. Finally, Advisory Services Network LLC increased its holdings in shares of Jack Henry & Associates by 2.6% during the second quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company's stock valued at $466,000 after acquiring an additional 69 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.

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