Jack Henry & Associates (NASDAQ:JKHY) Stock Price Target Raised at Barclays

Jack Henry & Associates (NASDAQ:JKHY) had its price objective raised by Barclays from $185.00 to $190.00 in a report released on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Barclays‘s target price suggests a potential upside of 5.08% from the company’s previous close.

A number of other equities research analysts have also recently commented on JKHY. Seaport Research Partners started coverage on Jack Henry & Associates in a research report on Monday, September 28th. They set a “buy” rating and a $193.00 target price on the stock. Wolfe Research increased their price objective on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $178.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, September 30th. Keefe, Bruyette & Woods boosted their target price on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Raymond James Financial upped their price target on shares of Jack Henry & Associates from $192.00 to $199.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $190.28.

Jack Henry & Associates Stock Up 0.9%

Jack Henry & Associates stock traded up $1.66 during midday trading on Thursday, reaching $180.82. The company’s stock had a trading volume of 541,878 shares, compared to its average volume of 1,127,175. The stock has a market capitalization of $12.68 billion, a P/E ratio of 24.81, a PEG ratio of 2.00 and a beta of 0.55. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.17 and a quick ratio of 1.17. The stock’s 50-day simple moving average is $156.74 and its 200-day simple moving average is $154.53. Jack Henry & Associates has a 52-week low of $121.04 and a 52-week high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, November 3rd. The technology company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.21. The company had revenue of $682.18 million during the quarter, compared to analysts’ expectations of $685.54 million. Jack Henry & Associates had a net margin of 19.96% and a return on equity of 24.38%. Jack Henry & Associates’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the business earned $1.97 EPS. On average, sell-side analysts expect that Jack Henry & Associates will post 7.30 EPS for the current year.

Institutional Trading of Jack Henry & Associates

Several hedge funds have recently added to or reduced their stakes in JKHY. Essential Partners LLC raised its stake in Jack Henry & Associates by 65.8% during the first 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 period. Entrust Financial LLC increased its holdings in shares of Jack Henry & Associates by 73.1% during the 3rd quarter. Entrust Financial LLC now owns 187 shares of the technology company’s stock worth $27,000 after buying an additional 79 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Jack Henry & Associates in the 3rd quarter worth $34,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Jack Henry & Associates in the 1st quarter worth $63,000. Finally, Mather Group LLC. raised its position in shares of Jack Henry & Associates by 75.1% in the 3rd quarter. Mather Group LLC. now owns 408 shares of the technology company’s stock worth $58,000 after buying an additional 175 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company that provides software, payment solutions and technology services to banks and credit unions. Its offerings are designed to support core banking operations, digital banking, account management, lending, payments, fraud prevention and other financial institution functions.

The company serves community and regional banks, credit unions and other financial services organizations in the United States. Its products are delivered through integrated platforms and services intended to help financial institutions manage daily operations, improve customer and member experiences, and connect with third-party financial technology providers.

Founded in 1976 and headquartered in Monett, Missouri, Jack Henry has expanded through internal development and acquisitions, including the 2004 acquisition of Symitar, a provider of core processing and related technology for credit unions.