Jack Henry & Associates (NASDAQ:JKHY) Stock Rating Upgraded by StockNews.com

Jack Henry & Associates (NASDAQ:JKHY) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

JKHY has been the subject of several other reports. The Goldman Sachs Group raised Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 target price for the company in a research note on Wednesday, April 2nd. UBS Group reduced their target price on Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Northcoast Research downgraded Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company started coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $184.10.

Jack Henry & Associates Trading Down 1.8%

Shares of NASDAQ:JKHY opened at $178.34 on Monday. Jack Henry & Associates has a 12-month low of $157.00 and a 12-month high of $196.00. The company has a market capitalization of $13.00 billion, a PE ratio of 32.19, a PEG ratio of 3.36 and a beta of 0.75. The business has a 50 day moving average of $175.27 and a two-hundred day moving average of $174.96. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. The company had revenue of $585.09 million during the quarter, compared to the consensus estimate of $585.84 million. During the same period in the previous year, the company posted $1.19 earnings per share. Jack Henry & Associates’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts forecast that Jack Henry & Associates will post 5.83 EPS for the current year.

Institutional Trading of Jack Henry & Associates

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in Jack Henry & Associates by 7.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after buying an additional 131,515 shares in the last quarter. Enterprise Financial Services Corp purchased a new stake in Jack Henry & Associates in the 4th quarter valued at $900,000. Cobblestone Capital Advisors LLC NY grew its holdings in Jack Henry & Associates by 21.4% in the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 121,782 shares of the technology company’s stock valued at $21,348,000 after buying an additional 21,466 shares in the last quarter. Andra AP fonden grew its holdings in Jack Henry & Associates by 10.7% in the 4th quarter. Andra AP fonden now owns 29,900 shares of the technology company’s stock valued at $5,241,000 after buying an additional 2,900 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Jack Henry & Associates by 52.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,898 shares of the technology company’s stock valued at $1,735,000 after buying an additional 3,409 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.