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

Jack Henry & Associates (NASDAQ:JKHY) had its price objective raised by equities research analysts at Robert W. Baird from $180.00 to $186.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently 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 stock’s previous close.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada increased their target price on Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a report on Thursday, February 8th. Wolfe Research assumed coverage on Jack Henry & Associates in a report on Thursday, March 7th. They issued a “peer perform” rating for the company. Citigroup assumed coverage on Jack Henry & Associates in a report on Thursday, January 18th. They issued a “neutral” rating and a $177.00 target price for the company. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Finally, Evercore ISI increased their target price on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $172.42.

Jack Henry & Associates Stock Performance

Shares of JKHY stock traded up $1.03 during mid-day trading on Wednesday, reaching $164.78. The stock had a trading volume of 150,370 shares, compared to its average volume of 432,898. The firm’s 50 day simple moving average is $171.84 and its 200 day simple moving average is $162.39. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.15. Jack Henry & Associates has a one year low of $136.57 and a one year high of $178.37. The firm has a market cap of $12.01 billion, a PE ratio of 32.25, a P/E/G ratio of 3.87 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.12. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The company had revenue of $545.70 million during the quarter, compared to the consensus estimate of $540.34 million. During the same quarter last year, the company earned $1.10 EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts forecast that Jack Henry & Associates will post 5.11 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thrive Wealth Management LLC lifted its holdings in Jack Henry & Associates by 17.3% during the first quarter. Thrive Wealth Management LLC now owns 1,469 shares of the technology company’s stock worth $255,000 after acquiring an additional 217 shares in the last quarter. Cardinal Capital Management boosted its position in shares of Jack Henry & Associates by 15.8% during the first quarter. Cardinal Capital Management now owns 15,490 shares of the technology company’s stock worth $2,691,000 after buying an additional 2,110 shares during the period. Janiczek Wealth Management LLC boosted its position in shares of Jack Henry & Associates by 55.4% during the first quarter. Janiczek Wealth Management LLC now owns 477 shares of the technology company’s stock worth $83,000 after buying an additional 170 shares during the period. Riverview Trust Co acquired a new position in shares of Jack Henry & Associates during the first quarter worth about $51,000. Finally, Gateway Investment Advisers LLC boosted its position in shares of Jack Henry & Associates by 36.3% during the first quarter. Gateway Investment Advisers LLC now owns 2,046 shares of the technology company’s stock worth $355,000 after buying an additional 545 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Company Profile

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.