Jack Henry & Associates (NASDAQ:JKHY) Rating Lowered to Hold at StockNews.com

Jack Henry & Associates (NASDAQ:JKHY) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Saturday.

A number of other brokerages have also recently issued reports on JKHY. Robert W. Baird lifted their price objective on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Evercore ISI boosted their price objective on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a report on Tuesday, March 26th. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, May 8th. Wolfe Research began coverage on Jack Henry & Associates in a research report on Thursday, March 7th. They set a “peer perform” rating on the stock. Finally, DA Davidson reissued a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Jack Henry & Associates currently has an average rating of “Hold” and a consensus price target of $174.42.

Jack Henry & Associates Stock Up 0.5 %

Shares of NASDAQ:JKHY opened at $166.74 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.39. Jack Henry & Associates has a 52-week low of $136.57 and a 52-week high of $178.37. The business’s 50 day simple moving average is $165.07 and its two-hundred day simple moving average is $167.69. The firm has a market cap of $12.16 billion, a P/E ratio of 32.19, a PEG ratio of 4.19 and a beta of 0.62.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.02. The company had revenue of $538.56 million for the quarter, compared to analysts’ expectations of $541.80 million. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. Jack Henry & Associates’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $1.12 EPS. As a group, research analysts forecast that Jack Henry & Associates will post 5.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JKHY. New Covenant Trust Company N.A. bought a new stake in shares of Jack Henry & Associates in the 1st quarter worth approximately $30,000. Planned Solutions Inc. purchased a new position in shares of Jack Henry & Associates during the 4th quarter valued at $33,000. Anchor Investment Management LLC purchased a new position in shares of Jack Henry & Associates during the 4th quarter valued at $35,000. VisionPoint Advisory Group LLC bought a new position in shares of Jack Henry & Associates during the 4th quarter worth $44,000. Finally, Riverview Trust Co purchased a new stake in Jack Henry & Associates in the 1st quarter worth about $51,000. 98.75% of the stock is owned by institutional investors.

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.