Jack Henry & Associates (NASDAQ:JKHY) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Jack Henry & Associates (NASDAQ:JKHY) from a hold rating to a buy rating in a report issued on Thursday.

JKHY has been the subject of a number of other reports. Robert W. Baird upped their price objective on Jack Henry & Associates from $180.00 to $186.00 and gave the stock a neutral rating in a report on Wednesday, April 17th. William Blair restated an outperform rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. Evercore ISI lifted their price objective on Jack Henry & Associates from $172.00 to $175.00 and gave the company an in-line rating in a research note on Tuesday, June 25th. Finally, DA Davidson reissued a buy rating and set a $198.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $176.10.

Jack Henry & Associates Trading Up 0.2 %

Shares of JKHY stock opened at $165.07 on Thursday. The firm’s 50-day simple moving average is $165.71 and its 200-day simple moving average is $167.84. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.39 and a quick ratio of 1.39. Jack Henry & Associates has a 1-year low of $136.57 and a 1-year high of $178.37. The firm has a market cap of $12.03 billion, a P/E ratio of 31.87, a PEG ratio of 3.98 and a beta of 0.63.

Institutional Trading of Jack Henry & Associates

Several large investors have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in Jack Henry & Associates during the 4th quarter worth approximately $18,238,000. Cerity Partners LLC lifted its position in shares of Jack Henry & Associates by 6.6% in the 4th quarter. Cerity Partners LLC now owns 4,766 shares of the technology company’s stock worth $779,000 after buying an additional 293 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Jack Henry & Associates in the 4th quarter worth about $719,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Jack Henry & Associates by 49.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,885 shares of the technology company’s stock valued at $2,923,000 after buying an additional 5,891 shares during the period. Finally, Tyche Wealth Partners LLC bought a new stake in shares of Jack Henry & Associates during the 4th quarter valued at about $251,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Company Profile

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.