Jack Henry & Associates (NASDAQ:JKHY) Coverage Initiated at Loop Capital

Equities research analysts at Loop Capital started coverage on shares of Jack Henry & Associates (NASDAQ:JKHY) in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The brokerage set a “buy” rating and a $197.00 price target on the technology company’s stock. Loop Capital’s price objective suggests a potential upside of 26.58% from the company’s previous close.

Several other brokerages have also commented on JKHY. Morgan Stanley lifted their price objective on Jack Henry & Associates from $168.00 to $183.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Weiss Ratings downgraded Jack Henry & Associates from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 27th. Wolfe Research set a $220.00 target price on Jack Henry & Associates and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Stephens upgraded Jack Henry & Associates from an “equal weight” rating to an “overweight” rating and set a $205.00 price target for the company in a research note on Thursday, February 5th. Finally, Royal Bank Of Canada raised shares of Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $185.00 to $210.00 in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $200.15.

Jack Henry & Associates Stock Down 1.5%

Shares of Jack Henry & Associates stock opened at $155.63 on Tuesday. Jack Henry & Associates has a twelve month low of $144.12 and a twelve month high of $193.39. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $166.50 and its 200 day moving average is $167.75. The company has a market cap of $11.23 billion, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 2.38 and a beta of 0.71.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, February 3rd. The technology company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.29. The business had revenue of $611.18 million during the quarter, compared to the consensus estimate of $608.46 million. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.34 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. Research analysts anticipate that Jack Henry & Associates will post 5.83 EPS for the current year.

Hedge Funds Weigh In On Jack Henry & Associates

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp increased its position in Jack Henry & Associates by 2.4% in the third quarter. State Street Corp now owns 4,103,290 shares of the technology company’s stock worth $611,103,000 after buying an additional 97,140 shares in the last quarter. Invesco Ltd. lifted its position in shares of Jack Henry & Associates by 9.5% during the 3rd quarter. Invesco Ltd. now owns 1,800,777 shares of the technology company’s stock valued at $268,190,000 after buying an additional 155,616 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Jack Henry & Associates by 4.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,415,221 shares of the technology company’s stock valued at $258,250,000 after buying an additional 66,633 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Jack Henry & Associates by 160.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,350,393 shares of the technology company’s stock valued at $246,420,000 after acquiring an additional 831,372 shares during the period. Finally, Van ECK Associates Corp grew its stake in shares of Jack Henry & Associates by 1,911.3% during the 3rd 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. 98.75% of the stock is currently owned by hedge funds and other 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.