Jack Henry & Associates (NASDAQ: JKHY) saw its price target raised by Royal Bank of Canada from $178.00 to $195.00 in a research note issued on Thursday. The brokerage maintained an "outperform" rating on the stock, suggesting a potential upside of 7.98% from the company's previous close.
Several other analysts have recently weighed in on Jack Henry & Associates. Piper Sandler upgraded the stock from "neutral" to "overweight" with a $175.00 price target, while Wolfe Research increased its target from $200.00 to $215.00 with an "outperform" rating. Goldman Sachs Group raised its target from $158.00 to $178.00 but maintained a "neutral" rating. Keefe, Bruyette & Woods also increased its target from $200.00 to $215.00 with an "outperform" rating. Bank of America initiated coverage with a "neutral" rating and a $165.00 price target.
The stock has a consensus rating of "Moderate Buy" and a consensus price target of $191.22. Jack Henry & Associates reported quarterly earnings of $2.28 per share, beating estimates by $0.21, with revenue of $682.18 million. The company raised its FY2027 GAAP EPS outlook to $7.47, $7.51 and is targeting 58-65 new core banking wins.
Institutional investors have been active in modifying their holdings. Van ECK Associates Corp increased its stake by 1,918.2%, while Janus Henderson Group PLC boosted its stake by 13,343.0%. Other significant investors include Bank of New York Mellon Corp, Epoch Investment Partners Inc., and Quantinno Capital Management LP. Hedge funds and institutional investors own 98.75% of the company's stock.