Keefe, Bruyette & Woods Raises Jack Henry & Associates (NASDAQ:JKHY) Price Target to $190.00

Jack Henry & Associates (NASDAQ:JKHY) had its target price upped by equities researchers at Keefe, Bruyette & Woods from $180.00 to $190.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the technology company’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 5.69% from the stock’s previous close.

JKHY has been the topic of a number of other reports. UBS Group lifted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday. Royal Bank of Canada restated a “sector perform” rating and set a $181.00 price target on shares of Jack Henry & Associates in a report on Friday, September 6th. StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Compass Point assumed coverage on Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price on the stock. Finally, Oppenheimer started coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Jack Henry & Associates has an average rating of “Hold” and a consensus price target of $188.73.

Jack Henry & Associates Stock Down 0.1 %

Shares of JKHY traded down $0.20 on Thursday, reaching $179.77. The company’s stock had a trading volume of 560,993 shares, compared to its average volume of 482,056. Jack Henry & Associates has a twelve month low of $146.46 and a twelve month high of $189.63. The stock has a market capitalization of $13.11 billion, a PE ratio of 32.92, a PEG ratio of 3.31 and a beta of 0.63. The company has a current ratio of 0.51, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average of $179.26 and a 200-day moving average of $170.61.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The firm had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. During the same period in the prior year, the business posted $1.39 earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities analysts predict that Jack Henry & Associates will post 5.82 EPS for the current year.

Hedge Funds Weigh In On Jack Henry & Associates

Several large investors have recently modified their holdings of the business. V Square Quantitative Management LLC boosted its holdings in Jack Henry & Associates by 3.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company’s stock worth $277,000 after buying an additional 54 shares during the period. Bridges Investment Management Inc. boosted its holdings in shares of Jack Henry & Associates by 1.7% in the third quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company’s stock worth $575,000 after acquiring an additional 55 shares during the period. Raymond James Trust N.A. grew its position in shares of Jack Henry & Associates by 1.3% in the second quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company’s stock valued at $798,000 after purchasing an additional 60 shares in the last quarter. Advisor OS LLC raised its stake in shares of Jack Henry & Associates by 1.0% during the 2nd quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock valued at $1,100,000 after purchasing an additional 65 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of Jack Henry & Associates by 0.6% during the 3rd quarter. UMB Bank n.a. now owns 10,870 shares of the technology company’s stock valued at $1,919,000 after purchasing an additional 66 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.