StockNews.com upgraded shares of Jack Henry & Associates (NASDAQ:JKHY – Free Report) from a hold rating to a buy rating in a report published on Thursday morning.
A number of other brokerages have also recently issued reports on JKHY. Evercore ISI lifted their price objective on Jack Henry & Associates from $172.00 to $175.00 and gave the company an in-line rating in a report on Tuesday, June 25th. DA Davidson reissued a buy rating and set a $198.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, April 30th. William Blair reaffirmed an outperform rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. Finally, Robert W. Baird lifted their price target on Jack Henry & Associates from $180.00 to $186.00 and gave the company a neutral rating in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $176.10.
Read Our Latest Research Report on Jack Henry & Associates
Jack Henry & Associates Trading Up 0.2 %
Institutional Trading of Jack Henry & Associates
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its position in Jack Henry & Associates by 3.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,216 shares of the technology company’s stock worth $1,364,000 after purchasing an additional 254 shares during the period. Silver Lake Advisory LLC increased its position in Jack Henry & Associates by 2.1% in the second quarter. Silver Lake Advisory LLC now owns 32,580 shares of the technology company’s stock worth $5,409,000 after purchasing an additional 682 shares during the period. Creative Planning increased its position in Jack Henry & Associates by 80.8% in the second quarter. Creative Planning now owns 19,788 shares of the technology company’s stock worth $3,285,000 after purchasing an additional 8,843 shares during the period. Goodman Advisory Group LLC grew its position in shares of Jack Henry & Associates by 1.7% during the 2nd quarter. Goodman Advisory Group LLC now owns 13,876 shares of the technology company’s stock worth $2,304,000 after buying an additional 231 shares during the period. Finally, Scientech Research LLC acquired a new position in shares of Jack Henry & Associates during the 2nd quarter worth about $471,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.
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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