Jack Henry & Associates (NASDAQ:JKHY - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at DA Davidson in a research report issued on Tuesday, Benzinga reports. They currently have a $198.00 price target on the technology company's stock. DA Davidson's target price indicates a potential upside of 21.70% from the company's previous close.
Several other analysts have also issued reports on JKHY. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a report on Wednesday, February 7th. Evercore ISI increased their target price on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an "in-line" rating in a report on Tuesday, March 26th. Royal Bank of Canada increased their target price on Jack Henry & Associates from $161.00 to $181.00 and gave the stock a "sector perform" rating in a report on Thursday, February 8th. StockNews.com lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Saturday, April 20th. Finally, Citigroup initiated coverage on Jack Henry & Associates in a research note on Thursday, January 18th. They issued a "neutral" rating and a $177.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $174.42.
Check Out Our Latest Analysis on Jack Henry & Associates
Jack Henry & Associates Stock Performance
NASDAQ JKHY traded down $3.43 on Tuesday, reaching $162.69. The stock had a trading volume of 502,331 shares, compared to its average volume of 424,663. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a fifty day moving average of $170.38 and a two-hundred day moving average of $163.50. Jack Henry & Associates has a 1-year low of $136.57 and a 1-year high of $178.37. The company has a market cap of $11.86 billion, a P/E ratio of 31.97, a price-to-earnings-growth ratio of 3.87 and a beta of 0.66.
Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.12. The firm had revenue of $545.70 million for the quarter, compared to analyst estimates of $540.34 million. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The company's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 EPS. On average, equities research analysts anticipate that Jack Henry & Associates will post 5.11 EPS for the current year.
Hedge Funds Weigh In On Jack Henry & Associates
Several large investors have recently bought and sold shares of the company. Taylor Frigon Capital Management LLC raised its position in Jack Henry & Associates by 0.8% in the first quarter. Taylor Frigon Capital Management LLC now owns 7,558 shares of the technology company's stock valued at $1,313,000 after purchasing an additional 62 shares during the last quarter. Czech National Bank raised its position in shares of Jack Henry & Associates by 0.5% during the first quarter. Czech National Bank now owns 12,821 shares of the technology company's stock worth $2,227,000 after acquiring an additional 65 shares during the last quarter. Guinness Asset Management LTD raised its position in shares of Jack Henry & Associates by 2.9% during the third quarter. Guinness Asset Management LTD now owns 2,644 shares of the technology company's stock worth $400,000 after acquiring an additional 74 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in shares of Jack Henry & Associates by 3.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 2,783 shares of the technology company's stock worth $455,000 after acquiring an additional 80 shares during the last quarter. Finally, Johnson Investment Counsel Inc. raised its position in shares of Jack Henry & Associates by 0.8% during the third quarter. Johnson Investment Counsel Inc. now owns 9,654 shares of the technology company's stock worth $1,459,000 after acquiring an additional 81 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.
About Jack Henry & Associates
(
Get Free Report)
Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.
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