Keefe, Bruyette & Woods Issues Pessimistic Forecast for Jack Henry & Associates (NASDAQ:JKHY) Stock Price

Jack Henry & Associates (NASDAQ:JKHY) had its price objective cut by analysts at Keefe, Bruyette & Woods from $183.00 to $178.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the technology company’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 7.51% from the company’s previous close.

JKHY has been the subject of several other research reports. Wall Street Zen upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. DA Davidson reaffirmed a “buy” rating and issued a $212.00 price target on shares of Jack Henry & Associates in a research note on Monday, August 18th. Robert W. Baird reduced their price target on shares of Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday. UBS Group reduced their price target on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Royal Bank Of Canada reduced their price target on shares of Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $183.50.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $165.56 on Thursday. The firm has a 50-day moving average price of $173.70 and a 200-day moving average price of $175.23. The firm has a market capitalization of $12.06 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 2.91 and a beta of 0.73. The company has a current ratio of 1.71, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04. Jack Henry & Associates has a 12-month low of $157.80 and a 12-month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.25. The firm had revenue of $615.37 million during the quarter, compared to analyst estimates of $602.20 million. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business earned $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, equities research analysts forecast 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 firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $167.28, for a total transaction of $966,878.40. Following the transaction, the director owned 139,265 shares of the company’s stock, valued at approximately $23,296,249.20. This trade represents a 3.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in JKHY. Walleye Capital LLC purchased a new position in Jack Henry & Associates during the 4th quarter valued at about $455,000. Guggenheim Capital LLC increased its position in Jack Henry & Associates by 67.3% during the 4th quarter. Guggenheim Capital LLC now owns 4,220 shares of the technology company’s stock valued at $740,000 after purchasing an additional 1,697 shares during the period. Dimensional Fund Advisors LP increased its position in Jack Henry & Associates by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 535,859 shares of the technology company’s stock valued at $93,936,000 after purchasing an additional 7,692 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Jack Henry & Associates by 219.4% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,028 shares of the technology company’s stock worth $706,000 after buying an additional 2,767 shares during the last quarter. Finally, Natixis grew its position in shares of Jack Henry & Associates by 137.7% in the 4th quarter. Natixis now owns 6,085 shares of the technology company’s stock worth $1,067,000 after buying an additional 3,525 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

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.