Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have been given an average rating of “Hold” by the eight research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $148.50.
A number of equities research analysts have commented on JKHY shares. Keefe, Bruyette & Woods started coverage on Fiserv in a report on Monday, April 8th. They issued a “market perform” rating and a $101.00 target price for the company. Cantor Fitzgerald restated a “buy” rating and issued a $15.00 price target on shares of Foamix Pharmaceuticals in a research report on Tuesday, May 7th. Zacks Investment Research upgraded HENKEL AG & CO/S from a “sell” rating to a “hold” rating in a research report on Thursday, June 6th. Finally, BidaskClub cut Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th.
Jack Henry & Associates stock traded up $0.59 during midday trading on Monday, reaching $140.50. The company’s stock had a trading volume of 321,982 shares, compared to its average volume of 442,717. Jack Henry & Associates has a fifty-two week low of $120.20 and a fifty-two week high of $163.68. The company’s 50 day simple moving average is $135.43. The company has a market capitalization of $10.80 billion, a price-to-earnings ratio of 39.14, a PEG ratio of 3.38 and a beta of 0.91.
Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, April 30th. The technology company reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. Jack Henry & Associates had a return on equity of 21.72% and a net margin of 18.79%. The company had revenue of $380.36 million during the quarter, compared to the consensus estimate of $382.45 million. During the same quarter last year, the company earned $0.89 earnings per share. Jack Henry & Associates’s quarterly revenue was up 1.7% compared to the same quarter last year. Equities analysts anticipate that Jack Henry & Associates will post 3.5 EPS for the current fiscal year.
In other news, Director Wesley A. Brown sold 400 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $134.98, for a total value of $53,992.00. Following the completion of the transaction, the director now owns 85,965 shares in the company, valued at $11,603,555.70. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Matthew C. Flanigan sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $137.70, for a total value of $688,500.00. Following the completion of the transaction, the director now owns 49,226 shares of the company’s stock, valued at approximately $6,778,420.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,221 shares of company stock valued at $1,267,422. Company insiders own 0.84% of the company’s stock.
Several hedge funds have recently made changes to their positions in JKHY. Flagship Harbor Advisors LLC purchased a new stake in Jack Henry & Associates during the 1st quarter worth about $25,000. Executive Wealth Management LLC purchased a new stake in Jack Henry & Associates in the 4th quarter valued at about $27,000. Advisory Services Network LLC grew its holdings in Jack Henry & Associates by 85.7% in the 4th quarter. Advisory Services Network LLC now owns 247 shares of the technology company’s stock valued at $32,000 after buying an additional 114 shares during the period. Private Capital Group LLC grew its holdings in Jack Henry & Associates by 53.5% in the 1st quarter. Private Capital Group LLC now owns 571 shares of the technology company’s stock valued at $79,000 after buying an additional 199 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in Jack Henry & Associates in the 1st quarter valued at about $86,000. Institutional investors and hedge funds own 89.65% of the company’s stock.
About Jack Henry & Associates
Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.
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