Jack Henry & Associates, Inc. (JKHY) Receives Average Recommendation of “Hold” from Analysts

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $114.80.

A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Thursday. Robert W. Baird increased their target price on shares of Jack Henry & Associates from $114.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. DA Davidson assumed coverage on shares of Jack Henry & Associates in a report on Monday, January 22nd. They issued a “neutral” rating and a $118.00 target price for the company. Oppenheimer reissued a “hold” rating on shares of Jack Henry & Associates in a report on Thursday, January 18th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $103.00 target price (up previously from $96.00) on shares of Jack Henry & Associates in a report on Thursday, November 9th.

Several institutional investors have recently added to or reduced their stakes in JKHY. Janus Henderson Group PLC acquired a new position in shares of Jack Henry & Associates in the second quarter valued at approximately $372,869,000. State Street Corp increased its stake in shares of Jack Henry & Associates by 28.7% in the second quarter. State Street Corp now owns 2,673,266 shares of the technology company’s stock valued at $277,675,000 after buying an additional 596,227 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Jack Henry & Associates by 35.3% in the second quarter. Goldman Sachs Group Inc. now owns 968,253 shares of the technology company’s stock valued at $100,573,000 after buying an additional 252,673 shares during the period. Koch Industries Inc. acquired a new position in shares of Jack Henry & Associates in the second quarter valued at approximately $203,000. Finally, Capital World Investors increased its stake in shares of Jack Henry & Associates by 4.5% in the second quarter. Capital World Investors now owns 4,188,500 shares of the technology company’s stock valued at $435,059,000 after buying an additional 180,000 shares during the period. 89.07% of the stock is owned by institutional investors.

Jack Henry & Associates (NASDAQ JKHY) opened at $126.53 on Monday. The company has a market cap of $9,696.79, a PE ratio of 39.91, a PEG ratio of 3.39 and a beta of 0.77. Jack Henry & Associates has a fifty-two week low of $88.11 and a fifty-two week high of $126.90.

Jack Henry & Associates (NASDAQ:JKHY) last posted its 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). The company had revenue of $359.93 million during the quarter, compared to the consensus estimate of $360.50 million. Jack Henry & Associates had a return on equity of 23.92% and a net margin of 17.08%. equities analysts anticipate that Jack Henry & Associates will post 3.36 earnings per share for the current fiscal year.

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About Jack Henry & Associates

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).

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

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