Jack Henry & Associates (NASDAQ:JKHY) Given New $195.00 Price Target at Robert W. Baird

Jack Henry & Associates (NASDAQ:JKHY) had its price objective hoisted by investment analysts at Robert W. Baird from $186.00 to $195.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Robert W. Baird’s price target suggests a potential upside of 5.03% from the stock’s previous close.

A number of other research firms also recently issued reports on JKHY. Keefe, Bruyette & Woods increased their price objective on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a research note on Thursday, August 22nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $181.00 price target on shares of Jack Henry & Associates in a report on Friday, September 6th. Oppenheimer started coverage on Jack Henry & Associates in a research note on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price objective for the company. Compass Point began coverage on Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price on the stock. Finally, StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $184.90.

Jack Henry & Associates Trading Up 0.5 %

JKHY opened at $185.67 on Thursday. Jack Henry & Associates has a 52 week low of $136.57 and a 52 week high of $186.77. The company has a market capitalization of $13.54 billion, a P/E ratio of 35.84, a PEG ratio of 3.35 and a beta of 0.64. The stock’s fifty day moving average is $173.72 and its two-hundred day moving average is $168.85. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.08. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. The firm had revenue of $559.91 million during the quarter, compared to the consensus estimate of $563.37 million. During the same period in the previous year, the company posted $1.34 earnings per share. Analysts forecast that Jack Henry & Associates will post 5.82 earnings per share for the current year.

Institutional Trading of Jack Henry & Associates

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in shares of Jack Henry & Associates by 188.4% in the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock worth $46,819,000 after purchasing an additional 184,210 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Jack Henry & Associates by 51.4% during the 2nd quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company’s stock valued at $83,665,000 after acquiring an additional 171,041 shares during the period. TD Asset Management Inc boosted its holdings in shares of Jack Henry & Associates by 25.6% in the 1st quarter. TD Asset Management Inc now owns 684,363 shares of the technology company’s stock valued at $118,894,000 after acquiring an additional 139,582 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Jack Henry & Associates by 6,680.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock valued at $19,158,000 after acquiring an additional 113,696 shares during the last quarter. Finally, Tandem Investment Advisors Inc. increased its stake in shares of Jack Henry & Associates by 20.4% in the second quarter. Tandem Investment Advisors Inc. now owns 502,926 shares of the technology company’s stock worth $83,496,000 after acquiring an additional 85,175 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Company Profile

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.