Jack Henry & Associates (NASDAQ:JKHY) Price Target Raised to $186.00 at Robert W. Baird

Jack Henry & Associates (NASDAQ:JKHY) had its target price increased by equities researchers at Robert W. Baird from $180.00 to $186.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. Robert W. Baird’s target price would indicate a potential upside of 12.88% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Jack Henry & Associates from a “c+” rating to a “b-” rating in a report on Friday, December 29th. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, February 7th. Evercore ISI increased their price target on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. Royal Bank of Canada increased their price target on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 8th. Finally, StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $172.42.

Jack Henry & Associates Stock Up 0.6 %

Shares of NASDAQ:JKHY traded up $1.03 during trading on Wednesday, reaching $164.78. 150,370 shares of the stock traded hands, compared to its average volume of 432,898. The stock has a 50-day moving average of $171.84 and a two-hundred day moving average of $162.39. Jack Henry & Associates has a 52-week low of $136.57 and a 52-week high of $178.37. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market cap of $12.01 billion, a P/E ratio of 32.25, a price-to-earnings-growth ratio of 3.87 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The firm had revenue of $545.70 million for the quarter, compared to analysts’ expectations of $540.34 million. During the same quarter in the prior year, the company posted $1.10 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, sell-side analysts expect that Jack Henry & Associates will post 5.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Jack Henry & Associates

Large investors have recently made changes to their positions in the company. NBC Securities Inc. purchased a new position in shares of Jack Henry & Associates during the 3rd quarter worth about $30,000. Planned Solutions Inc. bought a new stake in Jack Henry & Associates during the 4th quarter valued at about $33,000. Harbour Investments Inc. lifted its holdings in Jack Henry & Associates by 62.2% during the 4th quarter. Harbour Investments Inc. now owns 206 shares of the technology company’s stock valued at $34,000 after buying an additional 79 shares in the last quarter. Anchor Investment Management LLC bought a new stake in shares of Jack Henry & Associates in the 4th quarter valued at about $35,000. Finally, West Tower Group LLC raised its holdings in shares of Jack Henry & Associates by 602.8% in the 4th quarter. West Tower Group LLC now owns 253 shares of the technology company’s stock valued at $41,000 after purchasing an additional 217 shares in the last quarter. 98.75% of the stock is 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.