Jack Henry & Associates (NASDAQ:JKHY) Stock Rating Lowered by StockNews.com

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

Other equities research analysts have also issued research reports about the company. Robert W. Baird increased their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. UBS Group increased their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday. Keefe, Bruyette & Woods boosted their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday. Stephens restated an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a research note on Wednesday. Finally, Oppenheimer assumed coverage on shares of Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price objective on the stock. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $188.73.

Jack Henry & Associates Trading Down 0.1 %

Shares of NASDAQ:JKHY opened at $179.77 on Thursday. The stock has a 50 day moving average of $179.26 and a 200 day moving average of $170.61. The company has a market cap of $13.11 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 3.31 and a beta of 0.63. Jack Henry & Associates has a 12-month low of $146.46 and a 12-month high of $189.63. The company has a current ratio of 0.51, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.02. The business had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.39 earnings per share. As a group, equities research analysts expect that Jack Henry & Associates will post 5.82 EPS for the current year.

Institutional Trading of Jack Henry & Associates

Several hedge funds have recently made changes to their positions in JKHY. Strategic Financial Concepts LLC purchased a new stake in Jack Henry & Associates during the second quarter valued at approximately $25,000. Tortoise Investment Management LLC increased its position in shares of Jack Henry & Associates by 76.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after purchasing an additional 71 shares during the last quarter. New Covenant Trust Company N.A. purchased a new stake in Jack Henry & Associates during the 1st quarter valued at $30,000. Blue Trust Inc. lifted its position in Jack Henry & Associates by 148.9% in the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock worth $39,000 after buying an additional 134 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in Jack Henry & Associates during the third quarter worth $48,000. 98.75% of the stock is currently owned by hedge funds and other 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.