Jack Henry & Associates (NASDAQ:JKHY) Upgraded at StockNews.com

Jack Henry & Associates (NASDAQ:JKHY) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

Several other research firms have also weighed in on JKHY. Keefe, Bruyette & Woods lifted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. Stephens reissued an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Robert W. Baird raised their price objective on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Oppenheimer started coverage on Jack Henry & Associates in a report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $188.73.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $172.45 on Friday. The firm has a fifty day moving average of $179.40 and a two-hundred day moving average of $170.87. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.11. The stock has a market capitalization of $12.58 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 3.34 and a beta of 0.63. Jack Henry & Associates has a 52 week low of $151.05 and a 52 week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. During the same quarter in the prior year, the company posted $1.39 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. As a group, equities research analysts predict that Jack Henry & Associates will post 5.8 EPS for the current year.

Institutional Trading of Jack Henry & Associates

A number of institutional investors have recently made changes to their positions in JKHY. Russell Investments Group Ltd. increased its stake in Jack Henry & Associates by 0.8% in the 1st quarter. Russell Investments Group Ltd. now owns 46,872 shares of the technology company’s stock valued at $8,138,000 after buying an additional 391 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Jack Henry & Associates by 8.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,174 shares of the technology company’s stock valued at $1,073,000 after acquiring an additional 476 shares during the last quarter. Koshinski Asset Management Inc. bought a new stake in Jack Henry & Associates during the first quarter worth about $206,000. State Board of Administration of Florida Retirement System boosted its position in Jack Henry & Associates by 4.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 91,114 shares of the technology company’s stock valued at $15,829,000 after purchasing an additional 4,252 shares during the last quarter. Finally, Blair William & Co. IL grew its stake in Jack Henry & Associates by 33.7% in the first quarter. Blair William & Co. IL now owns 11,038 shares of the technology company’s stock valued at $1,918,000 after purchasing an additional 2,780 shares in the last quarter. 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.