Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) had its target price increased by equities research analysts at UBS Group from $170.00 to $185.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a "neutral" rating on the technology company's stock. UBS Group's price objective suggests a potential upside of 2.63% from the stock's current price.
JKHY has been the subject of several other reports. Oppenheimer lifted their target price on shares of Jack Henry & Associates from $208.00 to $209.00 and gave the company an "outperform" rating in a report on Wednesday, August 19th. KeyCorp initiated coverage on Jack Henry & Associates in a research note on Monday, September 14th. They issued an "overweight" rating and a $190.00 price target on the stock. Morgan Stanley reduced their price objective on Jack Henry & Associates from $170.00 to $158.00 and set an "equal weight" rating for the company in a research report on Wednesday, September 30th. Barclays lifted their price objective on Jack Henry & Associates from $185.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Wolfe Research boosted their target price on Jack Henry & Associates from $200.00 to $215.00 and gave the stock an "outperform" rating in a report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $192.06.
Read Our Latest Stock Report on Jack Henry & Associates
Jack Henry & Associates Stock Up 0.6%
Shares of Jack Henry & Associates stock traded up $1.10 during trading on Thursday, hitting $180.26. The company's stock had a trading volume of 1,209,698 shares, compared to its average volume of 1,130,449. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.17 and a current ratio of 1.17. The company has a fifty day simple moving average of $156.74 and a two-hundred day simple moving average of $154.53. The company has a market capitalization of $12.64 billion, a PE ratio of 24.76, a P/E/G ratio of 2.00 and a beta of 0.55. Jack Henry & Associates has a 52 week low of $121.04 and a 52 week high of $193.39.
Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The technology company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.07 by $0.21. The business had revenue of $682.18 million for the quarter, compared to analyst estimates of $685.54 million. Jack Henry & Associates had a net margin of 19.96% and a return on equity of 24.38%. Jack Henry & Associates's quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.97 earnings per share. Equities research analysts predict that Jack Henry & Associates will post 7.30 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp raised its holdings in Jack Henry & Associates by 1,918.2% in the 2nd quarter. Van ECK Associates Corp now owns 1,308,353 shares of the technology company's stock worth $180,213,000 after acquiring an additional 1,243,526 shares during the last quarter. Janus Henderson Group PLC lifted its position in Jack Henry & Associates by 13,343.0% in the 1st quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company's stock valued at $170,430,000 after acquiring an additional 1,070,376 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Jack Henry & Associates during the 2nd quarter valued at $87,669,000. Epoch Investment Partners Inc. boosted its stake in Jack Henry & Associates by 82.4% during the 1st quarter. Epoch Investment Partners Inc. now owns 681,587 shares of the technology company's stock valued at $107,718,000 after purchasing an additional 307,886 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in Jack Henry & Associates by 214.3% during the 1st quarter. Quantinno Capital Management LP now owns 419,286 shares of the technology company's stock valued at $66,264,000 after purchasing an additional 285,893 shares during the last quarter. Institutional investors own 98.75% of the company's stock.
Key Stories Impacting Jack Henry & Associates
Here are the key news stories impacting Jack Henry & Associates this week:
Jack Henry & Associates Company Profile
(
Get Free Report)
Jack Henry & Associates, Inc is a financial technology company that provides software, payment solutions and technology services to banks and credit unions. Its offerings are designed to support core banking operations, digital banking, account management, lending, payments, fraud prevention and other financial institution functions.
The company serves community and regional banks, credit unions and other financial services organizations in the United States. Its products are delivered through integrated platforms and services intended to help financial institutions manage daily operations, improve customer and member experiences, and connect with third-party financial technology providers.
Founded in 1976 and headquartered in Monett, Missouri, Jack Henry has expanded through internal development and acquisitions, including the 2004 acquisition of Symitar, a provider of core processing and related technology for credit unions.
Further Reading

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