Investment Analysts’ Weekly Ratings Updates for Jack Henry & Associates (JKHY)

Jack Henry & Associates (NASDAQ: JKHY) has recently received a number of price target changes and ratings updates:

  • 2/6/2018 – Jack Henry & Associates had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $128.00 price target on the stock. They wrote, “2QFY18 revenues beat expectations, and EPS above projections. JKHY reported 2QFY18 (ended December) revenues of $374.8 mn, +7.5% y/y (4.1% q/q), above our estimate of $367.7 mn and the FactSet consensus of $368.8 mn. Growth, excluding the impact of deconversion fees, was 6%. EPS of $2.01 (+167% y/y) were above our estimate and the consensus of $0.80. Excluding the Tax Cuts and Jobs Act and other one-time tax adjustments, EPS were $0.80, in line with our estimate and consensus.””
  • 2/6/2018 – Jack Henry & Associates had its “hold” rating reaffirmed by analysts at Stephens. They now have a $118.00 price target on the stock.
  • 2/6/2018 – Jack Henry & Associates was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $138.00 price target on the stock. According to Zacks, “Jack Henry & Associates, Inc. is a leading provider of integrated technology solutions and data processing services for financial institutions. Jack Henry markets and supports its systems throughout the United States. A technology provider for the financial industry. That’s the simplest way to describe what they do. But it hardly describes what Jack Henry & Associates is really about. Jack Henry & Associates are about solutions and support. They’re about building relationships and making things work. The Company are about doing the right things for our customers, no matter what. It began as a vision, and it’s become our tradition. “
  • 2/3/2018 – Jack Henry & Associates was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Jack Henry & Associates, Inc. is a leading provider of integrated technology solutions and data processing services for financial institutions. Jack Henry markets and supports its systems throughout the United States. A technology provider for the financial industry. That’s the simplest way to describe what they do. But it hardly describes what Jack Henry & Associates is really about. Jack Henry & Associates are about solutions and support. They’re about building relationships and making things work. The Company are about doing the right things for our customers, no matter what. It began as a vision, and it’s become our tradition. “
  • 1/31/2018 – Jack Henry & Associates was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $142.00 price target on the stock. According to Zacks, “Jack Henry & Associates, Inc. is a leading provider of integrated technology solutions and data processing services for financial institutions. Jack Henry markets and supports its systems throughout the United States. A technology provider for the financial industry. That’s the simplest way to describe what they do. But it hardly describes what Jack Henry & Associates is really about. Jack Henry & Associates are about solutions and support. They’re about building relationships and making things work. The Company are about doing the right things for our customers, no matter what. It began as a vision, and it’s become our tradition. “
  • 1/25/2018 – Jack Henry & Associates was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Jack Henry & Associates, Inc. is a leading provider of integrated technology solutions and data processing services for financial institutions. Jack Henry markets and supports its systems throughout the United States. A technology provider for the financial industry. That’s the simplest way to describe what they do. But it hardly describes what Jack Henry & Associates is really about. Jack Henry & Associates are about solutions and support. They’re about building relationships and making things work. The Company are about doing the right things for our customers, no matter what. It began as a vision, and it’s become our tradition. “
  • 1/24/2018 – Jack Henry & Associates had its price target raised by analysts at Robert W. Baird from $114.00 to $128.00. They now have a “neutral” rating on the stock.
  • 1/22/2018 – Jack Henry & Associates is now covered by analysts at DA Davidson. They set a “neutral” rating and a $118.00 price target on the stock.
  • 1/20/2018 – Jack Henry & Associates was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $139.00 price target on the stock. According to Zacks, “Jack Henry & Associates, Inc. is a leading provider of integrated technology solutions and data processing services for financial institutions. Jack Henry markets and supports its systems throughout the United States. A technology provider for the financial industry. That’s the simplest way to describe what they do. But it hardly describes what Jack Henry & Associates is really about. Jack Henry & Associates are about solutions and support. They’re about building relationships and making things work. The Company are about doing the right things for our customers, no matter what. It began as a vision, and it’s become our tradition. “
  • 1/18/2018 – Jack Henry & Associates had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 1/18/2018 – Jack Henry & Associates was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Jack Henry & Associates, Inc. is a leading provider of integrated technology solutions and data processing services for financial institutions. Jack Henry markets and supports its systems throughout the United States. A technology provider for the financial industry. That’s the simplest way to describe what they do. But it hardly describes what Jack Henry & Associates is really about. Jack Henry & Associates are about solutions and support. They’re about building relationships and making things work. The Company are about doing the right things for our customers, no matter what. It began as a vision, and it’s become our tradition. “
  • 1/12/2018 – Jack Henry & Associates was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Jack Henry & Associates, Inc. is a leading provider of integrated technology solutions and data processing services for financial institutions. Jack Henry markets and supports its systems throughout the United States. A technology provider for the financial industry. That’s the simplest way to describe what they do. But it hardly describes what Jack Henry & Associates is really about. Jack Henry & Associates are about solutions and support. They’re about building relationships and making things work. The Company are about doing the right things for our customers, no matter what. It began as a vision, and it’s become our tradition. “
  • 1/10/2018 – Jack Henry & Associates was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $134.00 price target on the stock. According to Zacks, “Jack Henry & Associates, Inc. is a leading provider of integrated technology solutions and data processing services for financial institutions. Jack Henry markets and supports its systems throughout the United States. A technology provider for the financial industry. That’s the simplest way to describe what they do. But it hardly describes what Jack Henry & Associates is really about. Jack Henry & Associates are about solutions and support. They’re about building relationships and making things work. The Company are about doing the right things for our customers, no matter what. It began as a vision, and it’s become our tradition. “

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) traded up $0.96 during mid-day trading on Monday, hitting $115.33. The company’s stock had a trading volume of 656,900 shares, compared to its average volume of 345,102. Jack Henry & Associates, Inc. has a twelve month low of $90.80 and a twelve month high of $127.31. The stock has a market cap of $8,910.57, a PE ratio of 26.03, a price-to-earnings-growth ratio of 3.09 and a beta of 0.78. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.09.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, February 6th. The technology company reported $0.80 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.80. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 23.35%. The business had revenue of $374.80 million during the quarter, compared to analysts’ expectations of $368.84 million. During the same period in the prior year, the business earned $0.75 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. analysts forecast that Jack Henry & Associates, Inc. will post 3.39 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Thursday, March 1st will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.28%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.31. Jack Henry & Associates’s dividend payout ratio is currently 27.99%.

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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