Jack Henry & Associates’ (JKHY) Hold Rating Reaffirmed at Stephens

Stephens reissued their hold rating on shares of Jack Henry & Associates (NASDAQ:JKHY) in a report released on Tuesday morning. They currently have a $118.00 price objective on the technology company’s stock.

Several other equities analysts also recently commented on JKHY. Zacks Investment Research upgraded Jack Henry & Associates from a hold rating to a buy rating and set a $142.00 price objective on the stock in a research report on Wednesday, January 31st. DA Davidson began coverage on Jack Henry & Associates in a research report on Monday, January 22nd. They issued a neutral rating and a $118.00 price objective on the stock. Robert W. Baird boosted their price objective on Jack Henry & Associates from $114.00 to $128.00 and gave the company a neutral rating in a research report on Wednesday, January 24th. Oppenheimer restated a hold rating on shares of Jack Henry & Associates in a research report on Thursday, January 18th. Finally, Cantor Fitzgerald restated a buy rating and issued a $112.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, November 8th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $122.17.

Jack Henry & Associates (JKHY) opened at $114.37 on Tuesday. Jack Henry & Associates has a 52-week low of $88.33 and a 52-week high of $127.31. The company has a market capitalization of $9,054.20, a PE ratio of 25.82, a PEG ratio of 3.17 and a beta of 0.78.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.03). Jack Henry & Associates had a net margin of 23.35% and a return on equity of 23.11%. The business had revenue of $359.93 million during the quarter, compared to analysts’ expectations of $360.50 million. analysts forecast that Jack Henry & Associates will post 3.36 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. MPS Loria Financial Planners LLC purchased a new stake in shares of Jack Henry & Associates in the second quarter worth about $145,000. Cerebellum GP LLC purchased a new stake in shares of Jack Henry & Associates in the fourth quarter worth about $165,000. Advisory Services Network LLC lifted its position in shares of Jack Henry & Associates by 1,238.8% in the fourth quarter. Advisory Services Network LLC now owns 1,620 shares of the technology company’s stock worth $189,000 after buying an additional 1,499 shares in the last quarter. Allegis Investment Advisors LLC purchased a new stake in shares of Jack Henry & Associates in the fourth quarter worth about $200,000. Finally, Wesbanco Bank Inc. purchased a new stake in shares of Jack Henry & Associates in the fourth quarter worth about $215,000. Institutional investors own 89.10% of the company’s stock.

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Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union).

Analyst Recommendations for Jack Henry & Associates (NASDAQ:JKHY)

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