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

Jack Henry & Associates (NASDAQ:JKHY)‘s stock had its “buy” rating reiterated by research analysts at DA Davidson in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $216.00 target price on the technology company’s stock. DA Davidson’s target price suggests a potential upside of 22.06% from the stock’s previous close.

A number of other equities analysts have also commented on the company. Raymond James Financial upgraded Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 price objective on the stock in a research note on Thursday, November 20th. The Goldman Sachs Group raised their target price on Jack Henry & Associates from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Compass Point upgraded Jack Henry & Associates from a “neutral” rating to a “buy” rating and upped their price target for the stock from $179.00 to $187.00 in a report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Jack Henry & Associates in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods upgraded shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and upped their target price for the company from $170.00 to $215.00 in a research note on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Jack Henry & Associates has an average rating of “Moderate Buy” and a consensus target price of $199.17.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $176.96 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 1.49 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $183.39 and a 200-day simple moving average of $168.48. The stock has a market capitalization of $12.81 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 2.90 and a beta of 0.71. Jack Henry & Associates has a 1-year low of $144.12 and a 1-year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, February 3rd. The technology company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.29. The business had revenue of $611.18 million for the quarter, compared to analyst estimates of $608.46 million. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. Jack Henry & Associates’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business posted $1.34 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. On average, sell-side analysts expect that Jack Henry & Associates will post 5.83 earnings per share for the current year.

Insider Buying and Selling at Jack Henry & Associates

In related news, Director David B. Foss sold 20,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $174.92, for a total value of $3,498,400.00. Following the sale, the director owned 128,133 shares of the company’s stock, valued at $22,413,024.36. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Shanon G. Mclachlan sold 227 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $160.83, for a total transaction of $36,508.41. Following 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 position. The disclosure for this sale is available in the SEC filing. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Jack Henry & Associates

Hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp grew its position in Jack Henry & Associates by 1,911.3% in the third quarter. Van ECK Associates Corp now owns 1,111,632 shares of the technology company’s stock valued at $165,555,000 after acquiring an additional 1,056,362 shares during the period. Norges Bank bought a new position in shares of Jack Henry & Associates during the second quarter valued at $115,471,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Jack Henry & Associates by 6,728.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company’s stock valued at $113,420,000 after purchasing an additional 612,444 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in shares of Jack Henry & Associates in the 2nd quarter worth about $74,302,000. Finally, UBS Group AG increased its position in shares of Jack Henry & Associates by 75.7% during the 3rd quarter. UBS Group AG now owns 847,002 shares of the technology company’s stock worth $126,144,000 after purchasing an additional 364,878 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates News Summary

Here are the key news stories impacting Jack Henry & Associates this week:

• Positive Sentiment: Baird set a new $205 price target and an “outperform” rating, implying meaningful upside and signaling conviction from a well-known regional bank analyst. Read More.
• Positive Sentiment: Stephens upgraded JKHY from “equal weight” to “overweight” and also put a $205 target on the stock—another bullish vote that can attract institutional buying interest. Read More.
• Positive Sentiment: DA Davidson reaffirmed a “buy” rating with a $216 price target, the highest among recent analyst notes; that level implies material upside and supports a bullish narrative. Read More.
• Positive Sentiment: Jack Henry reported a quarterly beat (EPS and revenue) with expanding margins and raised full-year guidance — the primary fundamental driver behind recent share strength. Read More.
• Neutral Sentiment: Morgan Stanley nudged its price target up to $183 but kept an “equal weight” rating — a modest positive to the target but less persuasive than outright upgrades. Read More.
• Neutral Sentiment: Analysts and outlets are publishing positive thematic coverage (Zacks growth-score piece, valuation and comparison write-ups) that may support longer-term interest but are less likely to move the stock immediately than earnings and direct analyst upgrades. Read More.
• Neutral Sentiment: Valuation and comparison pieces (Yahoo, Globe & Mail, American Banking News) provide context on earnings and relative peers; useful for longer-term positioning but not direct catalysts by themselves. Read More.

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.