Jack Henry & Associates (NASDAQ:JKHY) Price Target Cut to $198.00 by Analysts at DA Davidson

Key Points

• DA Davidson cut its price target on Jack Henry & Associates from $216 to $198 but maintained a "buy" rating, implying roughly a 28.55% upside from the prior close.
• The consensus analyst target is about $198.77 while JKHY traded near $154.03 (12‑month range $144.12–$193.39), indicating a sizable gap between market price and analyst targets.
• Jack Henry reported a Q that beat expectations — $1.72 EPS vs. $1.43 expected and $611.2M revenue (+7.9% YoY) — and set FY2026 guidance of $6.61–$6.72 EPS (consensus ~6.67).

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) had its target price reduced by analysts at DA Davidson from $216.00 to $198.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the technology company's stock. DA Davidson's target price indicates a potential upside of 28.55% from the stock's previous close.

JKHY has been the topic of a number of other research reports. Wells Fargo & Company raised shares of Jack Henry & Associates from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $181.00 to $196.00 in a report on Tuesday, February 17th. Morgan Stanley boosted their price target on shares of Jack Henry & Associates from $168.00 to $183.00 and gave the company an "equal weight" rating in a research report on Thursday, February 5th. Weiss Ratings downgraded Jack Henry & Associates from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, March 27th. Robert W. Baird raised Jack Henry & Associates from a "neutral" rating to an "outperform" rating and set a $205.00 price objective for the company in a research note on Thursday, February 5th. Finally, Loop Capital started coverage on Jack Henry & Associates in a research note on Tuesday, March 31st. They issued a "buy" rating and a $197.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $198.77.

Jack Henry & Associates Price Performance

JKHY traded up $0.28 during trading on Friday, reaching $154.03. 832,187 shares of the company were exchanged, compared to its average volume of 954,392. Jack Henry & Associates has a 12-month low of $144.12 and a 12-month high of $193.39. The company's 50-day moving average is $159.16 and its two-hundred day moving average is $168.06. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.01. The company has a market cap of $11.12 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 2.31 and a beta of 0.72.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.29. Jack Henry & Associates had a return on equity of 23.75% and a net margin of 20.59%.The firm had revenue of $611.18 million for the quarter, compared to analysts' expectations of $608.46 million. During the same period in the prior year, the business posted $1.34 earnings per share. The company's revenue was up 7.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. Research analysts forecast that Jack Henry & Associates will post 6.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Jack Henry & Associates

A number of large investors have recently added to or reduced their stakes in the company. Modera Wealth Management LLC purchased a new position in shares of Jack Henry & Associates during the third quarter valued at approximately $3,298,000. Teacher Retirement System of Texas grew its stake in shares of Jack Henry & Associates by 693.2% in the 3rd quarter. Teacher Retirement System of Texas now owns 87,817 shares of the technology company's stock worth $13,079,000 after buying an additional 76,746 shares during the last quarter. Pensionfund Sabic bought a new position in Jack Henry & Associates during the 4th quarter valued at approximately $1,204,000. Bayforest Capital Ltd purchased a new position in Jack Henry & Associates during the third quarter valued at $998,000. Finally, Bank of New York Mellon Corp raised its stake in 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 valued at $106,150,000 after buying an additional 32,468 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

About Jack Henry & Associates

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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