Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.
A number of other research firms have also recently issued reports on JKHY. Robert W. Baird lifted their target price on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. DA Davidson reiterated a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. Wolfe Research started coverage on shares of Jack Henry & Associates in a research report on Thursday, March 7th. They issued a “peer perform” rating on the stock. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. Finally, Evercore ISI increased their price target on Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $174.42.
Read Our Latest Report on Jack Henry & Associates
Jack Henry & Associates Price Performance
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last issued its earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The firm had revenue of $538.56 million for the quarter, compared to the consensus estimate of $541.80 million. During the same quarter last year, the business posted $1.12 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts predict that Jack Henry & Associates will post 5.19 EPS for the current fiscal year.
Hedge Funds Weigh In On Jack Henry & Associates
A number of hedge funds have recently bought and sold shares of JKHY. New Covenant Trust Company N.A. acquired a new stake in Jack Henry & Associates during the 1st quarter worth about $30,000. Planned Solutions Inc. bought a new stake in Jack Henry & Associates in the fourth quarter worth approximately $33,000. Anchor Investment Management LLC acquired a new position in Jack Henry & Associates in the fourth quarter valued at approximately $35,000. VisionPoint Advisory Group LLC bought a new position in shares of Jack Henry & Associates during the 4th quarter worth approximately $44,000. Finally, Riverview Trust Co acquired a new stake in shares of Jack Henry & Associates during the 1st quarter worth approximately $51,000. 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.
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