Jack Henry & Associates’ (JKHY) “Outperform” Rating Reaffirmed at William Blair

Jack Henry & Associates (NASDAQ:JKHY)‘s stock had its “outperform” rating reaffirmed by equities research analysts at William Blair in a report issued on Tuesday,RTT News reports.

JKHY has been the topic of a number of other reports. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Wells Fargo & Company initiated coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price objective on the stock. UBS Group upped their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada upped their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods upped their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates has a consensus rating of “Hold” and an average target price of $186.80.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY traded up $0.14 during trading on Tuesday, reaching $166.61. The company had a trading volume of 41,277 shares, compared to its average volume of 571,412. Jack Henry & Associates has a fifty-two week low of $157.00 and a fifty-two week high of $189.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.11 and a quick ratio of 1.11. The firm has a market capitalization of $12.16 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 3.46 and a beta of 0.61. The stock’s fifty day moving average price is $174.24 and its 200 day moving average price is $174.85.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) 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%. As a group, equities research analysts predict that Jack Henry & Associates will post 5.83 EPS for the current year.

Hedge Funds Weigh In On Jack Henry & Associates

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fortitude Family Office LLC lifted 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 buying an additional 123 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Jack Henry & Associates during the third quarter valued at about $26,000. National Pension Service acquired a new position in shares of Jack Henry & Associates during the fourth quarter valued at about $27,000. ORG Partners LLC acquired a new position in shares of Jack Henry & Associates during the fourth quarter valued at about $35,000. Finally, Atala Financial Inc acquired a new position in shares of Jack Henry & Associates during the fourth quarter valued at about $40,000. Institutional investors and hedge funds 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.