UBS Group Increases Jack Henry & Associates (NASDAQ:JKHY) Price Target to $190.00

Jack Henry & Associates (NASDAQ:JKHY) had its target price increased by analysts at UBS Group from $180.00 to $190.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. UBS Group’s price objective indicates a potential upside of 5.52% from the company’s previous close.

A number of other research firms have also weighed in on JKHY. Stephens reiterated an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday. StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Compass Point assumed coverage on shares of Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price objective for the company. Robert W. Baird increased their price target on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a research report on Thursday, August 22nd. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Jack Henry & Associates has an average rating of “Hold” and an average target price of $186.73.

Jack Henry & Associates Trading Down 0.2 %

NASDAQ JKHY traded down $0.34 during trading hours on Thursday, hitting $180.06. 94,678 shares of the company were exchanged, compared to its average volume of 442,638. The stock has a market cap of $13.13 billion, a PE ratio of 34.55, a price-to-earnings-growth ratio of 3.38 and a beta of 0.63. The stock has a 50-day moving average price of $178.97 and a 200 day moving average price of $170.44. Jack Henry & Associates has a 52 week low of $146.46 and a 52 week high of $189.63. 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 announced its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. The firm had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. During the same quarter in the previous year, the business earned $1.39 earnings per share. Jack Henry & Associates’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts forecast that Jack Henry & Associates will post 5.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Jack Henry & Associates

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. grew its position in Jack Henry & Associates by 8.2% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,189 shares of the technology company’s stock worth $1,249,000 after acquiring an additional 547 shares during the last quarter. Duality Advisers LP bought a new stake in shares of Jack Henry & Associates in the 1st quarter valued at $870,000. Empirical Finance LLC increased its holdings in Jack Henry & Associates by 3.7% during the 1st quarter. Empirical Finance LLC now owns 2,482 shares of the technology company’s stock worth $431,000 after purchasing an additional 88 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Jack Henry & Associates by 2.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 9,583 shares of the technology company’s stock valued at $1,665,000 after purchasing an additional 187 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of Jack Henry & Associates in the 1st quarter valued at about $838,000. 98.75% of the stock is currently owned by institutional investors.

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.