Robert W. Baird Increases Jack Henry & Associates (NASDAQ:JKHY) Price Target to $186.00

Jack Henry & Associates (NASDAQ:JKHY) had its target price boosted by research analysts at Robert W. Baird from $180.00 to $186.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. Robert W. Baird’s target price indicates a potential upside of 12.88% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Evercore ISI increased their target price on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, February 7th. Wolfe Research initiated coverage on shares of Jack Henry & Associates in a report on Thursday, March 7th. They set a “peer perform” rating on the stock. Finally, TheStreet upgraded shares of Jack Henry & Associates from a “c+” rating to a “b-” rating in a report on Friday, December 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Jack Henry & Associates has an average rating of “Hold” and an average target price of $172.42.

Jack Henry & Associates Stock Up 0.1 %

Shares of NASDAQ:JKHY opened at $164.77 on Wednesday. Jack Henry & Associates has a 52 week low of $136.57 and a 52 week high of $178.37. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market cap of $12.01 billion, a PE ratio of 32.24, a price-to-earnings-growth ratio of 3.84 and a beta of 0.66. The firm has a 50 day simple moving average of $171.57 and a 200 day simple moving average of $162.42.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.12. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The company had revenue of $545.70 million during the quarter, compared to the consensus estimate of $540.34 million. During the same quarter in the prior year, the firm earned $1.10 EPS. The company’s revenue was up 8.0% compared to the same quarter last year. As a group, research analysts expect that Jack Henry & Associates will post 5.11 earnings per share for the current year.

Institutional Trading of Jack Henry & Associates

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Jack Henry & Associates by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 8,648,977 shares of the technology company’s stock worth $1,413,329,000 after purchasing an additional 29,182 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Jack Henry & Associates by 1.3% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,742,546 shares of the technology company’s stock valued at $565,648,000 after acquiring an additional 46,534 shares in the last quarter. State Street Corp boosted its position in shares of Jack Henry & Associates by 3.3% during the 1st quarter. State Street Corp now owns 3,204,604 shares of the technology company’s stock valued at $482,998,000 after acquiring an additional 101,262 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Jack Henry & Associates by 1.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,942,887 shares of the technology company’s stock valued at $317,487,000 after purchasing an additional 24,910 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Jack Henry & Associates by 19.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,900,968 shares of the technology company’s stock valued at $286,513,000 after purchasing an additional 304,400 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

About Jack Henry & Associates

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.