Jack Henry & Associates (NASDAQ:JKHY) PT Raised to $195.00

Jack Henry & Associates (NASDAQ:JKHY) had its price target lifted by Robert W. Baird from $186.00 to $195.00 in a research note issued to investors on Thursday, Marketbeat reports. The firm presently has a “neutral” rating on the technology company’s stock. Robert W. Baird’s target price points to a potential upside of 4.77% from the stock’s previous close.

JKHY has been the subject of several other research reports. Keefe, Bruyette & Woods upped their target price on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, August 22nd. StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Compass Point began coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price for the company. Oppenheimer began coverage on shares of Jack Henry & Associates in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price target for the company. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $181.00 price target on shares of Jack Henry & Associates in a research report on Friday, September 6th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $184.90.

Jack Henry & Associates Trading Up 0.1 %

NASDAQ JKHY opened at $186.12 on Thursday. The firm has a 50 day moving average of $174.49 and a two-hundred day moving average of $169.07. Jack Henry & Associates has a 52 week low of $136.57 and a 52 week high of $186.93. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $13.57 billion, a PE ratio of 35.93, a price-to-earnings-growth ratio of 3.35 and a beta of 0.64.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.08. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. The business had revenue of $559.91 million during the quarter, compared to analysts’ expectations of $563.37 million. During the same quarter in the prior year, the business posted $1.34 EPS. As a group, research analysts expect that Jack Henry & Associates will post 5.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Jack Henry & Associates

A number of large investors have recently bought and sold shares of JKHY. Virtu Financial LLC purchased a new position in Jack Henry & Associates during the 4th quarter worth $210,000. Vanguard Group Inc. increased its holdings in shares of Jack Henry & Associates by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 8,648,977 shares of the technology company’s stock valued at $1,413,329,000 after purchasing an additional 29,182 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of Jack Henry & Associates in the 4th quarter valued at about $239,000. GAMMA Investing LLC increased its holdings in shares of Jack Henry & Associates by 75.7% in the 1st quarter. GAMMA Investing LLC now owns 840 shares of the technology company’s stock valued at $146,000 after purchasing an additional 362 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in shares of Jack Henry & Associates in the 1st quarter valued at about $106,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

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.