Jack Henry & Associates (JKHY) Earns Neutral Rating from Analysts at DA Davidson

Stock analysts at DA Davidson assumed coverage on shares of Jack Henry & Associates (NASDAQ:JKHY) in a report issued on Monday, The Fly reports. The brokerage set a “neutral” rating on the technology company’s stock.

Several other analysts have also issued reports on JKHY. Zacks Investment Research upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $139.00 target price on the stock in a report on Saturday. Oppenheimer reiterated a “hold” rating on shares of Jack Henry & Associates in a report on Thursday. Cantor Fitzgerald reiterated a “buy” rating and set a $112.00 target price on shares of Jack Henry & Associates in a report on Wednesday, November 8th. Royal Bank of Canada reiterated a “hold” rating and set a $96.00 target price on shares of Jack Henry & Associates in a report on Friday, October 20th. Finally, Robert W. Baird reiterated a “hold” rating and set a $114.00 target price on shares of Jack Henry & Associates in a report on Friday, November 10th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Jack Henry & Associates has a consensus rating of “Hold” and an average price target of $116.20.

Shares of Jack Henry & Associates (NASDAQ JKHY) traded up $0.17 during trading on Monday, hitting $125.32. The stock had a trading volume of 241,445 shares, compared to its average volume of 272,457. The company has a market capitalization of $9,660.00, a price-to-earnings ratio of 39.53, a price-to-earnings-growth ratio of 3.26 and a beta of 0.77. Jack Henry & Associates has a 12 month low of $88.11 and a 12 month high of $125.55.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). Jack Henry & Associates had a net margin of 17.08% and a return on equity of 23.92%. equities analysts forecast that Jack Henry & Associates will post 3.34 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Jack Henry & Associates by 3.0% during the second quarter. Vanguard Group Inc. now owns 7,375,430 shares of the technology company’s stock worth $766,086,000 after buying an additional 212,291 shares during the last quarter. Capital World Investors increased its position in Jack Henry & Associates by 4.5% during the second quarter. Capital World Investors now owns 4,188,500 shares of the technology company’s stock worth $435,059,000 after buying an additional 180,000 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Jack Henry & Associates during the second quarter worth approximately $372,869,000. State Street Corp increased its position in Jack Henry & Associates by 28.7% during the second quarter. State Street Corp now owns 2,673,266 shares of the technology company’s stock worth $277,675,000 after buying an additional 596,227 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Jack Henry & Associates by 35.3% during the second quarter. Goldman Sachs Group Inc. now owns 968,253 shares of the technology company’s stock worth $100,573,000 after buying an additional 252,673 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Jack Henry & Associates (JKHY) Earns Neutral Rating from Analysts at DA Davidson” was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US & international copyright legislation. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/22/jack-henry-associates-jkhy-earns-neutral-rating-from-analysts-at-da-davidson.html.

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).

The Fly

Analyst Recommendations for Jack Henry & Associates (NASDAQ:JKHY)

Receive News & Ratings for Jack Henry & Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply