Jack Henry & Associates, Inc. (NASDAQ:JKHY) Given Average Rating of "Hold" by Brokerages

Key Points

• Jack Henry & Associates, Inc. has received a consensus rating of "Hold" from eleven brokerages, with one sell rating, eight hold ratings, and two buy ratings.
• The average price target for the stock among analysts is $185.11, with recent price targets being adjusted from $190.00 to $183.00 and $185.00 by different firms.
• Insider trading activity saw Director David B. Foss selling 5,780 shares at an average price of $167.28, decreasing his ownership by 3.98%.

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) have received a consensus recommendation of "Hold" from the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $185.1111.

A number of analysts have recently commented on JKHY shares. Keefe, Bruyette & Woods cut their price target on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a research note on Thursday, May 8th. Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, UBS Group cut their price objective on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th.

Insider Activity at Jack Henry & Associates

In related news, Director David B. Foss sold 5,780 shares of Jack Henry & Associates stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $167.28, for a total value of $966,878.40. Following the transaction, the director directly owned 139,265 shares of the company's stock, valued at $23,296,249.20. The trade was a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Jack Henry & Associates

Institutional investors have recently added to or reduced their stakes in the business. Summit Securities Group LLC acquired a new position in Jack Henry & Associates in the first quarter valued at approximately $26,000. Hantz Financial Services Inc. acquired a new position in Jack Henry & Associates in the second quarter valued at approximately $27,000. Cullen Frost Bankers Inc. acquired a new position in Jack Henry & Associates in the first quarter valued at approximately $38,000. Private Trust Co. NA lifted its stake in Jack Henry & Associates by 49.0% in the second quarter. Private Trust Co. NA now owns 216 shares of the technology company's stock valued at $39,000 after buying an additional 71 shares during the period. Finally, Assetmark Inc. increased its holdings in shares of Jack Henry & Associates by 147.5% during the first quarter. Assetmark Inc. now owns 250 shares of the technology company's stock valued at $46,000 after acquiring an additional 149 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $161.56 on Friday. The business's 50-day moving average price is $177.46 and its 200-day moving average price is $176.13. Jack Henry & Associates has a 12 month low of $160.23 and a 12 month high of $196.00. The firm has a market capitalization of $11.76 billion, a price-to-earnings ratio of 27.52 and a beta of 0.73. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.

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