Jack Henry & Associates, Inc. (NASDAQ:JKHY)‘s stock had its “hold” rating reiterated by stock analysts at Royal Bank Of Canada in a research report issued on Friday. They currently have a $96.00 target price on the technology company’s stock. Royal Bank Of Canada’s price target suggests a potential downside of 9.25% from the stock’s previous close.

A number of other analysts have also recently commented on the company. Zacks Investment Research upgraded Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Wednesday. Robert W. Baird reiterated a “neutral” rating and set a $108.00 target price (up previously from $104.00) on shares of Jack Henry & Associates in a research report on Tuesday, October 10th. Cantor Fitzgerald began coverage on Jack Henry & Associates in a research report on Monday, August 28th. They set an “overweight” rating and a $112.00 target price on the stock. BidaskClub cut Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, Stephens reiterated an “equal weight” rating and set a $97.00 target price (up previously from $93.00) on shares of Jack Henry & Associates in a research report on Friday, August 18th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Jack Henry & Associates currently has an average rating of “Hold” and a consensus target price of $103.25.

Jack Henry & Associates (NASDAQ:JKHY) opened at 105.78 on Friday. Jack Henry & Associates has a 12 month low of $79.00 and a 12 month high of $109.67. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of 33.69 and a beta of 0.75. The company’s 50-day moving average price is $103.15 and its 200 day moving average price is $102.03.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, August 15th. The technology company reported $0.83 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.83. The company had revenue of $383.77 million during the quarter, compared to the consensus estimate of $372.98 million. Jack Henry & Associates had a return on equity of 24.65% and a net margin of 17.17%. Jack Henry & Associates’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.06 EPS. Analysts predict that Jack Henry & Associates will post $3.29 EPS for the current year.

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In other news, insider Kevin D. Williams sold 20,000 shares of Jack Henry & Associates stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $101.63, for a total transaction of $2,032,600.00. Following the sale, the insider now owns 43,314 shares in the company, valued at $4,402,001.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mark S. Forbis sold 2,600 shares of Jack Henry & Associates stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $101.16, for a total value of $263,016.00. Following the sale, the vice president now owns 1,696 shares in the company, valued at approximately $171,567.36. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of JKHY. Janus Henderson Group PLC acquired a new position in Jack Henry & Associates in the 2nd quarter valued at about $372,869,000. BlackRock Inc. increased its position in Jack Henry & Associates by 36.8% in the 2nd quarter. BlackRock Inc. now owns 8,439,992 shares of the technology company’s stock valued at $876,664,000 after acquiring an additional 2,268,592 shares during the period. State Street Corp increased its position in Jack Henry & Associates by 28.7% in the 2nd quarter. State Street Corp now owns 2,673,266 shares of the technology company’s stock valued at $277,675,000 after acquiring an additional 596,227 shares during the period. Swiss National Bank increased its position in Jack Henry & Associates by 367.2% in the 2nd quarter. Swiss National Bank now owns 603,200 shares of the technology company’s stock valued at $62,654,000 after acquiring an additional 474,100 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Jack Henry & Associates by 35.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 968,253 shares of the technology company’s stock valued at $100,573,000 after acquiring an additional 252,673 shares during the period. Institutional investors and hedge funds own 91.88% of the company’s stock.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union).

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