Jack Henry & Associates (NASDAQ:JKHY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday, Zacks.com reports.

According to Zacks, “Jack Henry & Associates, Inc. is a leading provider of integrated technology solutions and data processing services for financial institutions. Jack Henry markets and supports its systems throughout the United States. A technology provider for the financial industry. That’s the simplest way to describe what they do. But it hardly describes what Jack Henry & Associates is really about. Jack Henry & Associates are about solutions and support. They’re about building relationships and making things work. The Company are about doing the right things for our customers, no matter what. It began as a vision, and it’s become our tradition. “

Other research analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods began coverage on shares of Jack Henry & Associates in a research report on Monday, April 8th. They issued a “market perform” rating and a $145.00 price target on the stock. BidaskClub downgraded shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Cantor Fitzgerald restated a “buy” rating and issued a $150.00 price target on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. Raymond James began coverage on shares of Jack Henry & Associates in a research report on Wednesday, February 20th. They issued a “market perform” rating on the stock. Finally, Wells Fargo & Co upgraded shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $160.00 to $155.00 in a research report on Thursday, February 7th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Jack Henry & Associates currently has an average rating of “Buy” and a consensus price target of $148.60.

NASDAQ:JKHY opened at $137.93 on Tuesday. Jack Henry & Associates has a one year low of $119.30 and a one year high of $163.68. The company has a market cap of $10.62 billion, a P/E ratio of 38.42, a price-to-earnings-growth ratio of 3.54 and a beta of 0.89.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.77 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.77. The firm had revenue of $380.36 million for the quarter, compared to the consensus estimate of $382.45 million. Jack Henry & Associates had a net margin of 18.79% and a return on equity of 21.72%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.89 EPS. Analysts predict that Jack Henry & Associates will post 3.51 earnings per share for the current year.

In related news, VP Russell L. Bernthal sold 910 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $137.56, for a total transaction of $125,179.60. Following the transaction, the vice president now owns 4,831 shares in the company, valued at approximately $664,552.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stacey E. Zengel sold 4,388 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $133.50, for a total transaction of $585,798.00. Following the transaction, the vice president now owns 4,453 shares in the company, valued at approximately $594,475.50. The disclosure for this sale can be found here. Insiders sold a total of 14,623 shares of company stock worth $1,945,586 in the last 90 days. Corporate insiders own 0.84% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC acquired a new position in shares of Jack Henry & Associates during the 1st quarter valued at $25,000. Cutler Group LP acquired a new position in shares of Jack Henry & Associates during the 4th quarter valued at $25,000. Sun Life Financial INC acquired a new position in shares of Jack Henry & Associates during the 4th quarter valued at $27,000. Executive Wealth Management LLC acquired a new position in shares of Jack Henry & Associates during the 4th quarter valued at $27,000. Finally, Guardian Life Insurance Co. of America acquired a new position in shares of Jack Henry & Associates during the 4th quarter valued at $28,000. Institutional investors own 90.33% of the company’s stock.

Jack Henry & Associates Company Profile

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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Analyst Recommendations for Jack Henry & Associates (NASDAQ:JKHY)

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