Royal Bank Of Canada Lowers Jack Henry & Associates (NASDAQ:JKHY) Price Target to $173.00

Jack Henry & Associates (NASDAQ:JKHY) had its price target cut by research analysts at Royal Bank Of Canada from $180.00 to $173.00 in a research note issued on Thursday, MarketBeat.com reports. The brokerage currently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 39.70% from the company’s current price.

A number of other equities analysts have also issued reports on the stock. Morgan Stanley set a $170.00 target price on shares of Jack Henry & Associates in a research report on Friday, May 8th. Weiss Ratings downgraded shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. The Goldman Sachs Group decreased their price target on shares of Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Loop Capital started coverage on shares of Jack Henry & Associates in a research report on Tuesday, March 31st. They set a “buy” rating and a $197.00 price objective on the stock. Finally, UBS Group set a $165.00 price objective on shares of Jack Henry & Associates in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.54.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY traded down $0.38 during trading hours on Thursday, reaching $123.84. The stock had a trading volume of 143,398 shares, compared to its average volume of 1,153,143. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.89 and a beta of 0.58. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04. Jack Henry & Associates has a fifty-two week low of $123.27 and a fifty-two week high of $193.39. The firm has a 50-day moving average of $142.39 and a 200-day moving average of $162.81.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.28. The firm had revenue of $615.93 million for the quarter, compared to the consensus estimate of $619.67 million. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. Equities research analysts predict that Jack Henry & Associates will post 6.84 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Mimi Carsley purchased 375 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average price of $134.12 per share, for a total transaction of $50,295.00. Following the completion of the purchase, the chief financial officer directly owned 6,007 shares of the company’s stock, valued at $805,658.84. This trade represents a 6.66% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory R. Adelson purchased 2,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of $133.42 per share, with a total value of $266,840.00. Following the purchase, the chief executive officer directly owned 21,036 shares of the company’s stock, valued at approximately $2,806,623.12. The trade was a 10.51% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Jack Henry & Associates

Large investors have recently bought and sold shares of the company. Larson Financial Group LLC boosted its holdings in shares of Jack Henry & Associates by 2,816.7% in the fourth quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after acquiring an additional 169 shares in the last quarter. Essential Partners LLC increased its stake in shares of Jack Henry & Associates by 65.8% during the first quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock worth $29,000 after acquiring an additional 73 shares during the period. CYBER HORNET ETFs LLC purchased a new position in Jack Henry & Associates during the second quarter worth about $35,000. Caitong International Asset Management Co. Ltd lifted its position in Jack Henry & Associates by 3,900.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock valued at $30,000 after purchasing an additional 195 shares during the period. Finally, MUFG Securities EMEA plc purchased a new stake in Jack Henry & Associates in the 2nd quarter valued at approximately $39,000. 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 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.