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

Jack Henry & Associates (NASDAQ:JKHY) had its price target upped by Keefe, Bruyette & Woods from $180.00 to $190.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “market perform” rating on the technology company’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 5.36% from the company’s previous close.

Several other research firms also recently issued reports on JKHY. UBS Group increased their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday. Stephens restated an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday. Royal Bank of Canada reiterated a “sector perform” rating and set a $181.00 price target on shares of Jack Henry & Associates in a research report on Friday, September 6th. Oppenheimer started coverage on shares of Jack Henry & Associates in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price objective for the company. Finally, StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $186.73.

Jack Henry & Associates Stock Down 0.0 %

Shares of Jack Henry & Associates stock traded down $0.06 on Thursday, reaching $180.34. The stock had a trading volume of 79,824 shares, compared to its average volume of 442,570. The stock has a market capitalization of $13.15 billion, a P/E ratio of 34.55, a P/E/G ratio of 3.38 and a beta of 0.63. Jack Henry & Associates has a 1 year low of $146.46 and a 1 year high of $189.63. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average price of $178.97 and a 200 day moving average price of $170.44.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The firm had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 earnings per share. As a group, equities research analysts forecast that Jack Henry & Associates will post 5.82 EPS for the current year.

Institutional Investors Weigh In On Jack Henry & Associates

Institutional investors and hedge funds have recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its position in shares of Jack Henry & Associates by 6,680.1% during the second quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock worth $19,158,000 after acquiring an additional 113,696 shares during the last quarter. Boston Trust Walden Corp increased its holdings in Jack Henry & Associates by 3.0% in the second quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company’s stock valued at $35,318,000 after purchasing an additional 6,173 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Jack Henry & Associates by 4.9% in 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. Epoch Investment Partners Inc. increased its holdings in Jack Henry & Associates by 23.3% in the first quarter. Epoch Investment Partners Inc. now owns 359,330 shares of the technology company’s stock valued at $62,426,000 after purchasing an additional 67,816 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its holdings in Jack Henry & Associates by 569.9% in the first quarter. UniSuper Management Pty Ltd now owns 6,049 shares of the technology company’s stock valued at $1,051,000 after purchasing an additional 5,146 shares during 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.