Jack Henry & Associates (NASDAQ:JKHY) Receives Hold (C) Rating from Weiss Ratings

Key Points

• Jack Henry & Associates received a "hold (c)" rating from Weiss Ratings, indicating a neutral outlook on the stock amidst mixed analyst opinions.
• Several analysts have adjusted their price targets for the stock, with Robert W. Baird lowering their target to $185 and UBS Group to $175, both maintaining a "neutral" rating.
• The company's latest quarterly earnings showed an EPS of $1.75, exceeding estimates, and a revenue increase of 9.9% year-over-year, demonstrating solid financial performance.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report)'s stock had its "hold (c)" rating restated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other equities analysts have also issued reports on the company. Robert W. Baird decreased their price objective on Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, August 20th. UBS Group decreased their price objective on Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating for the company in a research report on Thursday, August 21st. Royal Bank Of Canada decreased 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. Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. Finally, DA Davidson set a $204.00 price objective on Jack Henry & Associates in a research report on Friday, August 22nd. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $178.38.

Jack Henry & Associates Price Performance

Shares of JKHY stock opened at $149.43 on Wednesday. The stock has a market cap of $10.86 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 2.68 and a beta of 0.78. The stock has a 50-day moving average of $158.60 and a 200-day moving average of $171.04. Jack Henry & Associates has a one year low of $144.12 and a one year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly 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 company had revenue of $615.37 million during the quarter, compared to analysts' expectations of $602.20 million. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.Jack Henry & Associates's revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, research analysts anticipate that Jack Henry & Associates will post 5.83 earnings per share for the current year.

Insiders Place Their Bets

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the company'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 transaction of $966,878.40. Following the completion of the transaction, the director owned 139,265 shares of the company's stock, valued at $23,296,249.20. This represents a 3.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jack Henry & Associates

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Marshall Financial Group LLC raised its stake in shares of Jack Henry & Associates by 4.3% during the 3rd quarter. Marshall Financial Group LLC now owns 6,644 shares of the technology company's stock worth $989,000 after purchasing an additional 274 shares in the last quarter. Czech National Bank raised its stake in shares of Jack Henry & Associates by 3.9% during the 3rd quarter. Czech National Bank now owns 18,494 shares of the technology company's stock worth $2,754,000 after purchasing an additional 696 shares in the last quarter. Union Bancaire Privee UBP SA raised its stake in shares of Jack Henry & Associates by 66.6% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 3,258 shares of the technology company's stock worth $487,000 after purchasing an additional 1,302 shares in the last quarter. Oak Thistle LLC bought a new stake in shares of Jack Henry & Associates during the 3rd quarter worth approximately $1,143,000. Finally, Aaron Wealth Advisors LLC bought a new stake in shares of Jack Henry & Associates during the 3rd quarter worth approximately $209,000. Institutional investors own 98.75% of the company's stock.

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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