Jack Henry & Associates (NASDAQ:JKHY) Now Covered by Analysts at Wells Fargo & Company

Wells Fargo & Company started coverage on shares of Jack Henry & Associates (NASDAQ:JKHY) in a note issued to investors on Tuesday,Briefing.com Automated Import reports. The brokerage set an “underweight” rating and a $155.00 price target on the technology company’s stock. Wells Fargo & Company‘s price target suggests a potential downside of 10.53% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. Royal Bank of Canada raised their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Oppenheimer started coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price objective for the company. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Robert W. Baird boosted their price target on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Keefe, Bruyette & Woods increased their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus target price of $185.91.

Jack Henry & Associates Trading Up 0.7 %

NASDAQ JKHY opened at $173.25 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $12.64 billion, a P/E ratio of 31.73, a PEG ratio of 3.39 and a beta of 0.61. The firm’s 50-day moving average is $175.31 and its two-hundred day moving average is $173.78. Jack Henry & Associates has a 12 month low of $157.00 and a 12 month high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The firm had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. During the same quarter last year, the firm earned $1.39 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, sell-side analysts anticipate that Jack Henry & Associates will post 5.8 earnings per share for the current year.

Insider Activity at Jack Henry & Associates

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the transaction, the insider now owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its holdings in shares of Jack Henry & Associates by 647.4% in the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after acquiring an additional 123 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Jack Henry & Associates in the 3rd quarter valued at $26,000. ORG Partners LLC acquired a new stake in Jack Henry & Associates during the 4th quarter worth $35,000. Catalyst Capital Advisors LLC purchased a new position in Jack Henry & Associates during the 3rd quarter worth $48,000. Finally, Point72 Asset Management L.P. acquired a new position in Jack Henry & Associates in the third quarter valued at $54,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.