Jack Henry & Associates (NASDAQ:JKHY) Raised to "Buy" at Wall Street Zen

Key Points

• Jack Henry & Associates was upgraded from a "hold" to a "buy" rating by equities research analysts at Wall Street Zen.
• Despite the upgrade, several other analysts have reduced their price targets, with the consensus target now at $182.33.
• The company reported a 9.9% increase in quarterly revenue year over year, with earnings per share of $1.75, exceeding analyst expectations.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

JKHY has been the subject of several other research reports. Keefe, Bruyette & Woods decreased their price target on Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating for the company in a research note on Thursday, August 21st. Royal Bank Of Canada cut 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. UBS Group cut 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. Robert W. Baird cut 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. Finally, DA Davidson set a $204.00 price target on Jack Henry & Associates in a report on Friday, August 22nd. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $182.33.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $151.97 on Friday. The business's 50-day moving average price is $165.98 and its two-hundred day moving average price is $173.71. Jack Henry & Associates has a one year low of $151.69 and a one year high of $196.00. The company has a market capitalization of $11.07 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 2.75 and a beta of 0.79.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results on Tuesday, August 19th. The technology company reported $1.75 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.25. The firm had revenue of $615.37 million for 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 business's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, equities analysts anticipate that Jack Henry & Associates will post 5.83 EPS for the current year.

Insider Buying and Selling

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the 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 transaction, the director directly owned 139,265 shares in the company, valued at approximately $23,296,249.20. This trade represents a 3.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.37% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Summit Securities Group LLC bought a new position in Jack Henry & Associates in the 1st quarter valued at $26,000. Hantz Financial Services Inc. bought a new position in Jack Henry & Associates in the 2nd quarter valued at $27,000. CYBER HORNET ETFs LLC bought a new position in Jack Henry & Associates in the 2nd quarter valued at $35,000. Cullen Frost Bankers Inc. bought a new position in Jack Henry & Associates in the 1st quarter valued at $38,000. Finally, MUFG Securities EMEA plc bought a new position in Jack Henry & Associates in the 2nd quarter valued at $39,000. 98.75% of the stock is currently owned by 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.

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