Jack Henry & Associates (NASDAQ:JKHY) Lowered to "Hold" Rating by Wall Street Zen

Key Points

• Jack Henry & Associates was recently downgraded from a "buy" to a "hold" rating by Wall Street Zen, with several brokerages also lowering their price targets for the company.
• The stock has a consensus rating of "Hold" with an average target price of $178.38, while its recent trading price was $151.54.
• In its latest earnings report, the company reported $1.75 EPS, exceeding estimates and showing a year-over-year revenue increase of 9.9%.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

Several other brokerages have also issued reports on JKHY. Royal Bank Of Canada reduced their price target on Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating for the company in a report on Thursday, August 21st. Keefe, Bruyette & Woods reduced their price target on Jack Henry & Associates from $178.00 to $170.00 and set a "market perform" rating for the company in a report on Wednesday, October 1st. UBS Group reduced their price target on Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating for the company in a report on Thursday, August 21st. Weiss Ratings reiterated a "hold (c)" rating on shares of Jack Henry & Associates in a report on Wednesday. Finally, Robert W. Baird reduced their price target on Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Wednesday, August 20th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Jack Henry & Associates has a consensus rating of "Hold" and an average target price of $178.38.

Jack Henry & Associates Trading Up 1.5%

Shares of NASDAQ JKHY opened at $151.54 on Friday. Jack Henry & Associates has a one year low of $144.12 and a one year high of $196.00. The firm has a market capitalization of $11.01 billion, a PE ratio of 24.29, a PEG ratio of 2.67 and a beta of 0.78. The business has a 50-day moving average price of $157.87 and a two-hundred day moving average price of $170.72.

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 (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.25. The business had revenue of $615.37 million during the quarter, compared to analyst estimates 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 earned $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. Research analysts anticipate that Jack Henry & Associates will post 5.83 EPS for the current year.

Insiders Place Their Bets

In related news, Director David B. Foss sold 5,780 shares of the business's stock in a transaction that occurred 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 sale, the director directly owned 139,265 shares in the company, valued at approximately $23,296,249.20. The trade was a 3.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.60% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Diversified Enterprises LLC acquired a new position in shares of Jack Henry & Associates during the third quarter worth approximately $379,000. Voya Investment Management LLC lifted its holdings in shares of Jack Henry & Associates by 32.8% during the third quarter. Voya Investment Management LLC now owns 65,701 shares of the technology company's stock worth $9,785,000 after buying an additional 16,235 shares during the last quarter. Mitchell & Pahl Private Wealth LLC lifted its holdings in shares of Jack Henry & Associates by 3.1% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 5,661 shares of the technology company's stock worth $843,000 after buying an additional 170 shares during the last quarter. Marshall Financial Group LLC lifted its holdings in shares of Jack Henry & Associates by 4.3% during the third quarter. Marshall Financial Group LLC now owns 6,644 shares of the technology company's stock worth $989,000 after buying an additional 274 shares during the last quarter. Finally, Czech National Bank lifted its holdings in shares of Jack Henry & Associates by 3.9% during the third quarter. Czech National Bank now owns 18,494 shares of the technology company's stock worth $2,754,000 after buying an additional 696 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 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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