Jack Henry & Associates (NASDAQ:JKHY) has earned an average recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $121.33.
JKHY has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $134.00 target price on the stock in a research note on Wednesday, January 10th. Oppenheimer reiterated a “hold” rating on shares of Jack Henry & Associates in a research note on Thursday, January 18th. DA Davidson initiated coverage on shares of Jack Henry & Associates in a research note on Monday, January 22nd. They issued a “neutral” rating and a $118.00 target price on the stock. Finally, Robert W. Baird upped their target price on shares of Jack Henry & Associates from $114.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th.
In related news, Director Thomas Hampton Jr. Wilson acquired 1,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was purchased at an average cost of $119.40 per share, with a total value of $119,400.00. Following the completion of the acquisition, the director now directly owns 18,866 shares of the company’s stock, valued at $2,252,600.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David B. Foss sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $123.44, for a total transaction of $864,080.00. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Jack Henry & Associates by 1.9% during the fourth quarter. BlackRock Inc. now owns 8,713,051 shares of the technology company’s stock valued at $1,019,079,000 after purchasing an additional 164,542 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Jack Henry & Associates by 0.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,166,434 shares of the technology company’s stock valued at $136,426,000 after buying an additional 9,507 shares during the last quarter. Geode Capital Management LLC increased its holdings in Jack Henry & Associates by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 840,263 shares of the technology company’s stock valued at $98,230,000 after buying an additional 18,362 shares during the last quarter. Congress Asset Management Co. MA increased its holdings in Jack Henry & Associates by 2.1% during the fourth quarter. Congress Asset Management Co. MA now owns 786,312 shares of the technology company’s stock valued at $91,967,000 after buying an additional 15,914 shares during the last quarter. Finally, Swiss National Bank increased its holdings in Jack Henry & Associates by 3.7% during the fourth quarter. Swiss National Bank now owns 630,300 shares of the technology company’s stock valued at $73,720,000 after buying an additional 22,500 shares during the last quarter. 88.55% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:JKHY traded down $0.80 during mid-day trading on Friday, hitting $122.28. 111,267 shares of the company’s stock were exchanged, compared to its average volume of 335,193. Jack Henry & Associates has a one year low of $94.57 and a one year high of $127.31. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $9,462.99, a P/E ratio of 38.94, a PEG ratio of 3.30 and a beta of 0.78.
Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. Jack Henry & Associates had a net margin of 23.35% and a return on equity of 23.11%. The business had revenue of $374.80 million for the quarter, compared to analyst estimates of $368.84 million. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Jack Henry & Associates’s quarterly revenue was up 7.5% on a year-over-year basis. equities research analysts expect that Jack Henry & Associates will post 3.38 earnings per share for the current fiscal year.
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About Jack Henry & Associates
Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.
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