Jack Henry & Associates (NASDAQ:JKHY) Raised to Buy at UBS Group

Jack Henry & Associates (NASDAQ:JKHYGet Rating) was upgraded by equities research analysts at UBS Group from a “neutral” rating to a “buy” rating in a report issued on Wednesday, MarketBeat Ratings reports. The firm presently has a $184.00 target price on the technology company’s stock. UBS Group’s price target indicates a potential upside of 24.23% from the stock’s current price.

JKHY has been the topic of several other reports. Evercore ISI cut their target price on Jack Henry & Associates to $170.00 in a research report on Tuesday, November 15th. Morgan Stanley reduced their price objective on Jack Henry & Associates from $185.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 9th. DA Davidson dropped their target price on shares of Jack Henry & Associates from $198.00 to $188.00 and set a “neutral” rating for the company in a research report on Thursday, February 9th. Robert W. Baird cut their price target on shares of Jack Henry & Associates from $190.00 to $175.00 and set a “neutral” rating on the stock in a report on Thursday, February 9th. Finally, Stephens reiterated an “equal weight” rating and set a $185.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday, February 8th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $180.22.

Jack Henry & Associates Trading Up 1.8 %

Shares of Jack Henry & Associates stock opened at $148.11 on Wednesday. The firm has a market cap of $10.81 billion, a PE ratio of 30.73, a P/E/G ratio of 3.26 and a beta of 0.64. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. Jack Henry & Associates has a fifty-two week low of $139.28 and a fifty-two week high of $212.62. The business’s fifty day moving average is $170.65 and its two-hundred day moving average is $180.66.

Jack Henry & Associates (NASDAQ:JKHYGet Rating) last posted its quarterly earnings results on Wednesday, February 8th. The technology company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.01). Jack Henry & Associates had a net margin of 17.66% and a return on equity of 24.81%. The business had revenue of $505.30 million during the quarter, compared to analysts’ expectations of $515.47 million. During the same quarter last year, the firm earned $1.30 EPS. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. Analysts anticipate that Jack Henry & Associates will post 4.82 earnings per share for the current year.

Insider Activity at Jack Henry & Associates

In other news, Director Laura G. Kelly acquired 1,000 shares of the business’s stock in a transaction on Tuesday, March 14th. The shares were purchased at an average price of $145.29 per share, for a total transaction of $145,290.00. Following the acquisition, the director now directly owns 16,194 shares of the company’s stock, valued at approximately $2,352,826.26. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.58% of the company’s stock.

Institutional Investors Weigh In On Jack Henry & Associates

Hedge funds and other institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC purchased a new position in shares of Jack Henry & Associates during the 2nd quarter valued at approximately $27,000. Hanseatic Management Services Inc. boosted its stake in Jack Henry & Associates by 73.7% during the 3rd quarter. Hanseatic Management Services Inc. now owns 205 shares of the technology company’s stock valued at $37,000 after acquiring an additional 87 shares during the last quarter. Ellevest Inc. grew its holdings in Jack Henry & Associates by 420.0% during the 3rd quarter. Ellevest Inc. now owns 208 shares of the technology company’s stock worth $38,000 after acquiring an additional 168 shares in the last quarter. Ronald Blue Trust Inc. increased its position in shares of Jack Henry & Associates by 91.2% in the 4th quarter. Ronald Blue Trust Inc. now owns 218 shares of the technology company’s stock worth $39,000 after purchasing an additional 104 shares during the last quarter. Finally, Guardian Wealth Advisors LLC bought a new position in shares of Jack Henry & Associates during the third quarter worth about $47,000. 90.26% of the stock is currently owned by hedge funds and other institutional investors.

About Jack Henry & Associates

(Get Rating)

Jack Henry & Associates, Inc is a technology company, which engages in the provision of technology solutions and payment processing services primarily for financial services organizations. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions, which consist of integrated applications required to process deposit, loan, general ledger transactions, and maintain centralized customer or member information.

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