Jack Henry & Associates (NASDAQ:JKHY) Stock Rating Upgraded by Barclays

Jack Henry & Associates (NASDAQ:JKHY) was upgraded by equities researchers at Barclays to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

JKHY has been the subject of a number of other reports. Wolfe Research set a $165.00 price objective on shares of Jack Henry & Associates in a report on Monday, June 29th. Royal Bank Of Canada reduced their target price on shares of Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating on the stock in a report on Thursday, June 18th. DA Davidson reissued a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a research note on Monday, May 11th. Weiss Ratings lowered shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Finally, The Goldman Sachs Group cut 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 report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.07.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $150.22 on Tuesday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $10.67 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 2.07 and a beta of 0.57. The business’s 50-day moving average price is $137.23 and its 200-day moving average price is $157.75. Jack Henry & Associates has a 12 month low of $121.04 and a 12 month high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.28. The company had revenue of $615.93 million during 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%.Jack Henry & Associates’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. Sell-side analysts forecast that Jack Henry & Associates will post 6.84 EPS for the current fiscal year.

Insider Buying and Selling at Jack Henry & Associates

In other news, CFO Mimi Carsley bought 375 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average cost of $134.12 per share, with a total value of $50,295.00. Following the completion of the purchase, the chief financial officer directly owned 6,007 shares in the company, valued at $805,658.84. This represents a 6.66% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gregory R. Adelson purchased 2,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average price of $133.42 per share, with a total value of $266,840.00. Following the completion of the acquisition, the chief executive officer directly owned 21,036 shares in the company, valued at $2,806,623.12. The trade was a 10.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Jack Henry & Associates

Hedge funds and other institutional investors have recently modified their holdings of the company. Northwest & Ethical Investments L.P. grew its stake in shares of Jack Henry & Associates by 3.3% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,002 shares of the technology company’s stock worth $365,000 after purchasing an additional 64 shares during the last quarter. Advisory Services Network LLC increased its holdings in Jack Henry & Associates by 2.6% during the 2nd quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company’s stock valued at $466,000 after purchasing an additional 69 shares during the period. Lansforsakringar Fondforvaltning AB publ raised its position in Jack Henry & Associates by 0.3% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 22,768 shares of the technology company’s stock valued at $3,598,000 after purchasing an additional 71 shares during the last quarter. Essential Partners LLC raised its position in Jack Henry & Associates by 65.8% during the 1st quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock valued at $29,000 after purchasing an additional 73 shares during the last quarter. Finally, DNB Asset Management AS lifted its holdings in Jack Henry & Associates by 0.6% in the 4th quarter. DNB Asset Management AS now owns 13,261 shares of the technology company’s stock worth $2,420,000 after buying an additional 76 shares during the period. 98.75% of the stock is owned by institutional investors.

About Jack Henry & Associates

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.