Jack Henry & Associates (NASDAQ:JKHY) Earns “Equal Weight” Rating from Stephens

Jack Henry & Associates (NASDAQ:JKHY)‘s stock had its “equal weight” rating reiterated by investment analysts at Stephens in a note issued to investors on Wednesday,Benzinga reports. They presently have a $170.00 target price on the technology company’s stock. Stephens’ price objective suggests a potential downside of 5.54% from the stock’s current price.

Other analysts have also issued reports about the stock. Compass Point began coverage on shares of Jack Henry & Associates in a research report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 target price for the company. Oppenheimer assumed coverage on shares of Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price objective for the company. Robert W. Baird upped 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $181.00 target price on shares of Jack Henry & Associates in a research report on Friday, September 6th. Finally, Keefe, Bruyette & Woods upped their price target on Jack Henry & Associates from $178.00 to $180.00 and gave the stock a “market perform” rating in a research report on Thursday, August 22nd. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $188.73.

Jack Henry & Associates Price Performance

NASDAQ JKHY opened at $179.97 on Wednesday. The stock has a market capitalization of $13.12 billion, a price-to-earnings ratio of 34.48, a PEG 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 debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00. The business’s fifty day moving average price is $179.13 and its 200-day moving average price is $170.51.

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

Hedge Funds Weigh In On Jack Henry & Associates

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JKHY. Strategic Financial Concepts LLC purchased a new position in shares of Jack Henry & Associates in the 2nd quarter worth $25,000. Tortoise Investment Management LLC grew its position in Jack Henry & Associates by 76.3% in the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock worth $27,000 after acquiring an additional 71 shares in the last quarter. New Covenant Trust Company N.A. purchased a new stake in Jack Henry & Associates during the first quarter valued at approximately $30,000. Blue Trust Inc. lifted its stake in shares of Jack Henry & Associates by 148.9% in the 2nd quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after purchasing an additional 134 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Jack Henry & Associates in the 3rd quarter worth approximately $48,000. 98.75% of the stock is owned by institutional investors.

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.