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Investing.com - DA Davidson has lowered its price target on Jack Henry (NASDAQ:JKHY) to $204.00 from $212.00 while maintaining a Buy rating on the stock. Currently trading at $163.26, near its 52-week low of $157.80, the stock sits well below analyst targets ranging from $173 to $206.
The adjustment follows Jack Henry’s fiscal fourth-quarter results, which DA Davidson noted were "modestly above" their forecasts on both GAAP and Non-GAAP bases.
Jack Henry management introduced initial guidance for fiscal 2026, projecting 6%-7% year-over-year growth in Non-GAAP revenue and 7%-9% year-over-year growth in Non-GAAP operating income, excluding deconversion fees from both periods and the restructuring of a reseller agreement.
DA Davidson indicated it has "fine-tuned" its forecasts following the fourth-quarter update, though the changes on an annual basis are described as "modest."
The firm’s decision to trim the price target comes despite maintaining its Buy rating on Jack Henry stock.
In other recent news, Jack Henry & Associates Inc. reported its fourth-quarter earnings for fiscal year 2025, delivering results that exceeded analysts’ expectations. The company achieved an earnings per share of $1.75, surpassing the projected $1.55, which marks a 12.9% surprise. Additionally, revenue reached $615.37 million, outpacing the anticipated $601.33 million. In another development, Jack Henry announced an expansion of its 15-year partnership with MeridianLink, Inc. This collaboration aims to enhance digital lending and account opening capabilities for community banks and credit unions. Under the expanded agreement, Jack Henry will resell MeridianLink’s suite of platform solutions, including MeridianLink Mortgage and MeridianLink Consumer. The partnership currently serves over 500 financial institutions. These developments highlight the company’s ongoing efforts to strengthen its market position and service offerings.
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