Jack Henry & Associates (NASDAQ:JKHY) Price Target Cut to $185.00 by Analysts at Robert W. Baird

Key Points

• Jack Henry & Associates had its price target reduced from $195.00 to $185.00 by Robert W. Baird, who maintains a "neutral" rating on the stock, indicating a potential upside of 15.17% based on current prices.
• The company reported $1.75 EPS in its latest quarterly earnings, surpassing the consensus estimate of $1.50 and demonstrating 9.9% year-over-year revenue growth.
• Currently, analysts rate Jack Henry & Associates with three "Buy" ratings, eight "Hold" ratings, and one "Sell" rating, reflecting a mixed outlook for the stock's performance.

Jack Henry & Associates (NASDAQ:JKHY - Free Report) had its price target cut by Robert W. Baird from $195.00 to $185.00 in a research note published on Wednesday,Benzinga reports. They currently have a neutral rating on the technology company's stock.

A number of other research firms have also weighed in on JKHY. Wall Street Zen raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Keefe, Bruyette & Woods decreased their price target on shares of Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a report on Thursday, May 8th. UBS Group lowered their price objective on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, DA Davidson reissued a "buy" rating and set a $212.00 price objective on shares of Jack Henry & Associates in a research note on Monday, August 18th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Jack Henry & Associates presently has an average rating of "Hold" and an average target price of $183.50.

Jack Henry & Associates Price Performance

NASDAQ JKHY traded up $2.30 during trading hours on Wednesday, hitting $165.56. The company had a trading volume of 768,870 shares, compared to its average volume of 821,861. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.71. The firm has a market capitalization of $12.06 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 2.91 and a beta of 0.73. Jack Henry & Associates has a 52 week low of $157.80 and a 52 week high of $196.00. The firm has a 50 day simple moving average of $173.70 and a 200 day simple moving average of $175.23.

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

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of Jack Henry & Associates stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $167.28, for a total transaction of $966,878.40. Following the completion of the sale, the director owned 139,265 shares of the company's stock, valued at $23,296,249.20. The trade was a 3.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Jack Henry & Associates

A number of large investors have recently modified their holdings of the company. Walleye Capital LLC purchased a new position in shares of Jack Henry & Associates during the fourth quarter worth approximately $455,000. Guggenheim Capital LLC boosted its stake in shares of Jack Henry & Associates by 67.3% in the 4th quarter. Guggenheim Capital LLC now owns 4,220 shares of the technology company's stock valued at $740,000 after purchasing an additional 1,697 shares in the last quarter. Forum Financial Management LP bought a new position in shares of Jack Henry & Associates during the 4th quarter valued at $235,000. Dimensional Fund Advisors LP raised its position in Jack Henry & Associates by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 535,859 shares of the technology company's stock worth $93,936,000 after purchasing an additional 7,692 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in Jack Henry & Associates by 219.4% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,028 shares of the technology company's stock worth $706,000 after purchasing an additional 2,767 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Company Profile

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.