Jack Henry & Associates (JKHY) Lowered to Buy at ValuEngine

Jack Henry & Associates (NASDAQ:JKHY) was downgraded by investment analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

Other equities research analysts also recently issued research reports about the stock. Cantor Fitzgerald restated a “buy” rating and issued a $141.00 target price on shares of Jack Henry & Associates in a research note on Tuesday, August 21st. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $158.00 target price on the stock in a research note on Tuesday, August 14th. BidaskClub downgraded shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 1st. Wells Fargo & Co upped their price target on shares of Jack Henry & Associates from $110.00 to $160.00 and gave the stock a “market perform” rating in a research report on Thursday, August 23rd. Finally, Robert W. Baird upped their price target on shares of Jack Henry & Associates from $128.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, July 16th. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $137.29.

Shares of NASDAQ:JKHY traded down $3.55 on Thursday, hitting $143.10. The stock had a trading volume of 2,003,422 shares, compared to its average volume of 390,001. Jack Henry & Associates has a twelve month low of $111.37 and a twelve month high of $163.68. The company has a market capitalization of $11.65 billion, a PE ratio of 39.86, a P/E/G ratio of 3.40 and a beta of 0.93.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, November 6th. The technology company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.15. Jack Henry & Associates had a net margin of 25.29% and a return on equity of 24.85%. The company had revenue of $392.54 million for the quarter, compared to the consensus estimate of $385.12 million. During the same quarter in the previous year, the company earned $0.86 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities research analysts predict that Jack Henry & Associates will post 4.03 earnings per share for the current fiscal year.

In related news, Director John F. Prim sold 6,329 shares of the company’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $157.40, for a total transaction of $996,184.60. Following the transaction, the director now owns 206,318 shares in the company, valued at approximately $32,474,453.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.84% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd acquired a new position in Jack Henry & Associates during the 2nd quarter valued at about $108,000. Fort L.P. bought a new stake in shares of Jack Henry & Associates in the 2nd quarter valued at about $122,000. Signaturefd LLC increased its stake in shares of Jack Henry & Associates by 67.7% in the 2nd quarter. Signaturefd LLC now owns 946 shares of the technology company’s stock valued at $123,000 after acquiring an additional 382 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Jack Henry & Associates by 311.3% in the 2nd quarter. Bessemer Group Inc. now owns 1,090 shares of the technology company’s stock valued at $143,000 after acquiring an additional 825 shares during the last quarter. Finally, Daiwa SB Investments Ltd. bought a new stake in shares of Jack Henry & Associates in the 3rd quarter valued at about $194,000. Institutional investors own 87.77% of the company’s stock.

Jack Henry & Associates Company Profile

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

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