Jack Henry & Associates (NASDAQ:JKHY) Rating Increased to Buy at StockNews.com

Jack Henry & Associates (NASDAQ:JKHY) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

JKHY has been the topic of a number of other reports. Morgan Stanley decreased their price objective on Jack Henry & Associates from $165.00 to $162.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 17th. Oppenheimer reduced their target price on Jack Henry & Associates from $180.00 to $168.00 and set an “outperform” rating for the company in a research note on Wednesday, October 18th. DA Davidson raised Jack Henry & Associates from a “neutral” rating to a “buy” rating and set a $174.00 price target on the stock in a research report on Wednesday, September 27th. Bank of America dropped their target price on Jack Henry & Associates from $173.00 to $167.00 and set a “neutral” rating on the stock in a research report on Thursday, August 17th. Finally, Robert W. Baird lowered their price objective on Jack Henry & Associates from $176.00 to $164.00 and set a “neutral” rating on the stock in a report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $167.54.

Jack Henry & Associates Stock Up 1.9 %

Shares of NASDAQ:JKHY opened at $153.14 on Monday. The stock has a market capitalization of $11.15 billion, a price-to-earnings ratio of 30.94, a PEG ratio of 3.66 and a beta of 0.64. The stock has a fifty day simple moving average of $147.77 and a two-hundred day simple moving average of $156.31. Jack Henry & Associates has a 12-month low of $136.57 and a 12-month high of $192.35. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.15.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.07. Jack Henry & Associates had a return on equity of 22.91% and a net margin of 17.07%. The business had revenue of $571.40 million during the quarter, compared to analyst estimates of $564.69 million. During the same quarter in the previous year, the company posted $1.46 earnings per share. Jack Henry & Associates’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, research analysts anticipate that Jack Henry & Associates will post 5.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Jack Henry & Associates

Institutional investors and hedge funds have recently modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new position in shares of Jack Henry & Associates during the second quarter worth $27,000. NBC Securities Inc. purchased a new stake in Jack Henry & Associates in the third quarter valued at $30,000. Capital Advisors Ltd. LLC purchased a new stake in Jack Henry & Associates in the second quarter valued at $40,000. KB Financial Partners LLC purchased a new stake in shares of Jack Henry & Associates in the first quarter valued at about $52,000. Finally, State of Wyoming raised its holdings in shares of Jack Henry & Associates by 6,800.0% in the fourth quarter. State of Wyoming now owns 345 shares of the technology company’s stock valued at $61,000 after buying an additional 340 shares during the last quarter. Institutional investors and hedge funds own 92.53% 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.