DA Davidson Reiterates “Buy” Rating for Jack Henry & Associates (NASDAQ:JKHY)

Jack Henry & Associates (NASDAQ:JKHY)‘s stock had its “buy” rating reaffirmed by research analysts at DA Davidson in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $190.00 target price on the technology company’s stock. DA Davidson’s price objective indicates a potential upside of 6.78% from the stock’s current price.

Several other research analysts have also recently commented on JKHY. Royal Bank Of Canada raised shares of Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $185.00 to $210.00 in a report on Tuesday, December 16th. UBS Group increased their price target on Jack Henry & Associates from $175.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Keefe, Bruyette & Woods upgraded Jack Henry & Associates from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $170.00 to $215.00 in a research note on Monday, December 8th. Stephens set a $200.00 target price on Jack Henry & Associates in a research report on Friday, January 16th. Finally, Compass Point raised Jack Henry & Associates from a “neutral” rating to a “buy” rating and increased their target price for the stock from $179.00 to $187.00 in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Jack Henry & Associates has an average rating of “Moderate Buy” and a consensus price target of $198.18.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY opened at $177.94 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of 27.04, a P/E/G ratio of 3.10 and a beta of 0.73. The stock’s fifty day moving average price is $183.14 and its two-hundred day moving average price is $168.56. Jack Henry & Associates has a one year low of $144.12 and a one year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.33. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 19.86%.The company had revenue of $636.11 million during the quarter, compared to the consensus estimate of $634.42 million. During the same quarter last year, the firm earned $1.63 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. On average, equities analysts forecast that Jack Henry & Associates will post 5.83 EPS for the current year.

Insider Transactions at Jack Henry & Associates

In other news, COO Shanon G. Mclachlan sold 227 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $160.83, for a total value of $36,508.41. Following the completion of the transaction, the chief operating officer owned 1,420 shares of the company’s stock, valued at approximately $228,378.60. This represents a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David B. Foss sold 20,000 shares of Jack Henry & Associates stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $174.92, for a total transaction of $3,498,400.00. Following the sale, the director directly owned 128,133 shares in the company, valued at $22,413,024.36. This trade represents a 13.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. acquired a new stake in shares of Jack Henry & Associates during the 2nd quarter valued at $27,000. Caitong International Asset Management Co. Ltd raised 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 last quarter. Quent Capital LLC acquired a new stake in shares of Jack Henry & Associates during the third quarter valued at about $33,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Jack Henry & Associates during the second quarter valued at about $35,000. Finally, Private Trust Co. NA grew its holdings in shares of Jack Henry & Associates by 49.0% during the second quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock worth $39,000 after purchasing an additional 71 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

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.