Jack Henry & Associates (NASDAQ:JKHY) Stock Price Expected to Rise, UBS Group Analyst Says

Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) had its price objective lifted by research analysts at UBS Group from $170.00 to $185.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. UBS Group‘s target price points to a potential upside of 2.63% from the stock’s previous close.

Several other brokerages have also recently issued reports on JKHY. KeyCorp began coverage on shares of Jack Henry & Associates in a report on Monday, September 14th. They issued an “overweight” rating and a $190.00 target price on the stock. The Goldman Sachs Group boosted their target price on shares of Jack Henry & Associates from $158.00 to $178.00 and gave the company a “neutral” rating in a research note on Thursday, August 20th. DA Davidson reiterated a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, September 2nd. Bank of America assumed coverage on Jack Henry & Associates in a report on Thursday, October 15th. They set a “neutral” rating and a $165.00 price target on the stock. Finally, Royal Bank Of Canada raised their price target on Jack Henry & Associates from $178.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.06.

View Our Latest Analysis on JKHY

Jack Henry & Associates Stock Performance

JKHY traded up $1.10 during midday trading on Thursday, hitting $180.26. 1,209,698 shares of the company traded hands, compared to its average volume of 1,130,449. The company’s 50-day moving average is $156.74 and its 200 day moving average is $154.53. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $12.64 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 2.00 and a beta of 0.55. Jack Henry & Associates has a 52 week low of $121.04 and a 52 week high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The technology company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.21. Jack Henry & Associates had a net margin of 19.96% and a return on equity of 24.38%. The firm had revenue of $682.18 million during the quarter, compared to analyst estimates of $685.54 million. During the same period in the previous year, the business posted $1.97 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, research analysts expect that Jack Henry & Associates will post 7.30 EPS for the current year.

Hedge Funds Weigh In On Jack Henry & Associates

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Entrust Financial LLC increased its holdings in Jack Henry & Associates by 73.1% during the third quarter. Entrust Financial LLC now owns 187 shares of the technology company’s stock valued at $27,000 after buying an additional 79 shares during the last quarter. Essential Partners LLC boosted its stake in shares of Jack Henry & Associates by 65.8% during the 1st quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock worth $29,000 after acquiring an additional 73 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Jack Henry & Associates during the 3rd quarter worth $34,000. Mather Group LLC. grew its position in shares of Jack Henry & Associates by 75.1% during the 3rd quarter. Mather Group LLC. now owns 408 shares of the technology company’s stock valued at $58,000 after acquiring an additional 175 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Jack Henry & Associates during the 1st quarter valued at $63,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Key Jack Henry & Associates News

Here are the key news stories impacting Jack Henry & Associates this week:

About Jack Henry & Associates

(Get Free Report)

Jack Henry & Associates, Inc is a financial technology company that provides software, payment solutions and technology services to banks and credit unions. Its offerings are designed to support core banking operations, digital banking, account management, lending, payments, fraud prevention and other financial institution functions.

The company serves community and regional banks, credit unions and other financial services organizations in the United States. Its products are delivered through integrated platforms and services intended to help financial institutions manage daily operations, improve customer and member experiences, and connect with third-party financial technology providers.

Founded in 1976 and headquartered in Monett, Missouri, Jack Henry has expanded through internal development and acquisitions, including the 2004 acquisition of Symitar, a provider of core processing and related technology for credit unions.

Further Reading

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

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