Jack Henry & Associates (NASDAQ:JKHY) Price Target Lowered to $155.00 at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group lowered the price target for Jack Henry & Associates (NASDAQ: JKHY) from $173.00 to $155.00, maintaining a "neutral" rating on the stock.
• Jack Henry & Associates recently reported earnings of $1.75 per share, surpassing analysts' expectations, with revenue up 9.9% year-over-year to $615.37 million.
• Currently, there are 2 Buy, 8 Hold, and 1 Sell ratings for Jack Henry & Associates, with a consensus rating of "Hold" and an average price target of $174.88.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) had its price objective lowered by equities research analysts at The Goldman Sachs Group from $173.00 to $155.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the technology company's stock. The Goldman Sachs Group's price target would suggest a potential upside of 1.94% from the stock's current price.

JKHY has been the subject of a number of other research reports. Royal Bank Of Canada reduced their price objective 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. Weiss Ratings reissued a "hold (c)" rating on shares of Jack Henry & Associates in a report on Wednesday, October 8th. UBS Group reduced their target price 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. DA Davidson set a $204.00 target price on Jack Henry & Associates in a report on Friday, August 22nd. Finally, Robert W. Baird reduced their target price 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 research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Jack Henry & Associates has a consensus rating of "Hold" and an average price target of $174.88.

Jack Henry & Associates Stock Performance

Shares of JKHY traded up $0.51 on Monday, reaching $152.05. The stock had a trading volume of 500,822 shares, compared to its average volume of 706,499. The firm has a market capitalization of $11.05 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 2.71 and a beta of 0.78. The company has a 50-day simple moving average of $157.87 and a 200-day simple moving average of $170.60. Jack Henry & Associates has a 12-month low of $144.12 and a 12-month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $615.37 million during the quarter, compared to analyst estimates of $602.20 million. During the same quarter last year, the company earned $1.33 EPS. The firm's revenue for the quarter was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, analysts expect that Jack Henry & Associates will post 5.83 EPS for the current fiscal 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 dated Monday, August 4th. The stock was sold at an average price of $167.28, for a total value of $966,878.40. Following the transaction, the director directly owned 139,265 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Jack Henry & Associates

Large investors have recently made changes to their positions in the company. Summit Securities Group LLC bought a new stake in Jack Henry & Associates during the first quarter worth approximately $26,000. Hantz Financial Services Inc. bought a new position in shares of Jack Henry & Associates during the second quarter valued at approximately $27,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Jack Henry & Associates in the second quarter valued at approximately $35,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Jack Henry & Associates in the first quarter valued at approximately $38,000. Finally, Private Trust Co. NA boosted its holdings in shares of Jack Henry & Associates by 49.0% in the second quarter. Private Trust Co. NA now owns 216 shares of the technology company's stock valued at $39,000 after purchasing an additional 71 shares during the period. 98.75% of the stock is 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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