Jack Henry & Associates’ (JKHY) “Overweight” Rating Reaffirmed at Stephens

Jack Henry & Associates (NASDAQ:JKHY)‘s stock had its “overweight” rating reissued by equities researchers at Stephens in a report released on Tuesday,Benzinga reports. They presently have a $200.00 target price on the technology company’s stock. Stephens’ price target indicates a potential upside of 30.14% from the company’s previous close.

Several other research analysts also recently issued reports on JKHY. Barclays assumed coverage on Jack Henry & Associates in a research report on Tuesday, July 7th. They set an “overweight” rating and a $170.00 price objective for the company. Morgan Stanley set a $170.00 price target on Jack Henry & Associates in a research note on Friday, May 8th. DA Davidson reaffirmed a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a research report on Monday, May 11th. Weiss Ratings downgraded Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Finally, UBS Group set a $165.00 price target on Jack Henry & Associates in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.71.

Jack Henry & Associates Stock Down 0.9%

JKHY opened at $153.68 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market cap of $10.92 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 2.19 and a beta of 0.55. Jack Henry & Associates has a one year low of $121.04 and a one year high of $193.39. The business’s fifty day moving average is $142.13 and its two-hundred day moving average is $152.55.

Insider Buying and Selling

In related news, CEO Gregory R. Adelson purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $133.42 per share, with a total value of $266,840.00. Following the acquisition, the chief executive officer owned 21,036 shares in the company, valued at approximately $2,806,623.12. This trade represents a 10.51% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mimi Carsley acquired 375 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price of $134.12 per share, with a total value of $50,295.00. Following the completion of the purchase, the chief financial officer owned 6,007 shares in the company, valued at $805,658.84. The trade was a 6.66% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.60% of the stock is currently owned by insiders.

Institutional Trading of Jack Henry & Associates

Several large investors have recently added to or reduced their stakes in JKHY. Essential Partners LLC grew its stake in shares of Jack Henry & Associates by 65.8% in the 1st quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock worth $29,000 after purchasing an additional 73 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Jack Henry & Associates by 3,900.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock worth $30,000 after purchasing an additional 195 shares during the period. Larson Financial Group LLC grew its holdings in shares of Jack Henry & Associates by 2,816.7% during the 4th quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after acquiring an additional 169 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in Jack Henry & Associates in the 2nd quarter worth about $35,000. Finally, SJS Investment Consulting Inc. increased its position in Jack Henry & Associates by 3,933.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock worth $38,000 after purchasing an additional 236 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.