Jack Henry & Associates (NASDAQ:JKHY) Stock Rating Lowered by Northcoast Research

Jack Henry & Associates (NASDAQ:JKHY) was downgraded by equities research analysts at Northcoast Research from a “buy” rating to a “neutral” rating in a note issued to investors on Monday,Briefing.com Automated Import reports.

JKHY has been the topic of a number of other research reports. Wells Fargo & Company initiated coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price on the stock. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Finally, StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Jack Henry & Associates currently has an average rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $191.28 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $173.45 and a 200 day moving average price of $175.76. Jack Henry & Associates has a 12-month low of $157.00 and a 12-month high of $193.02. The stock has a market cap of $13.94 billion, a P/E ratio of 34.53, a PEG ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Sell-side analysts anticipate that Jack Henry & Associates will post 5.83 earnings per share for the current year.

Hedge Funds Weigh In On Jack Henry & Associates

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JKHY. Fortitude Family Office LLC boosted its holdings in Jack Henry & Associates by 647.4% in the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after purchasing an additional 123 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Jack Henry & Associates in the 3rd quarter valued at about $26,000. National Pension Service purchased a new position in shares of Jack Henry & Associates in the 4th quarter valued at about $27,000. ORG Partners LLC acquired a new position in shares of Jack Henry & Associates during the fourth quarter worth about $35,000. Finally, Atala Financial Inc purchased a new stake in shares of Jack Henry & Associates during the fourth quarter worth approximately $40,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. 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, and general ledger transactions, and maintain centralized customer and member information.