Jack Henry & Associates (NASDAQ:JKHY) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Tuesday, BidAskClub reports.

Other equities analysts have also recently issued research reports about the stock. ValuEngine raised shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 30th. Zacks Investment Research raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Thursday, November 7th. Finally, Atlantic Securities began coverage on shares of Jack Henry & Associates in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $147.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $152.20.

Shares of NASDAQ JKHY opened at $150.44 on Tuesday. The company has a 50 day simple moving average of $146.01 and a 200-day simple moving average of $141.39. The company has a market capitalization of $11.69 billion, a P/E ratio of 42.74, a P/E/G ratio of 3.60 and a beta of 0.90. Jack Henry & Associates has a 1 year low of $120.20 and a 1 year high of $152.93.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.12. The business had revenue of $438.00 million during the quarter, compared to the consensus estimate of $420.34 million. Jack Henry & Associates had a net margin of 17.38% and a return on equity of 19.41%. The business’s revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.08 EPS. As a group, equities research analysts forecast that Jack Henry & Associates will post 3.68 earnings per share for the current fiscal year.

In related news, VP Ronald L. Moses sold 1,800 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $146.60, for a total transaction of $263,880.00. Following the completion of the transaction, the vice president now owns 1,838 shares of the company’s stock, valued at approximately $269,450.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mark S. Forbis sold 1,479 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $148.29, for a total transaction of $219,320.91. Following the transaction, the vice president now directly owns 1,621 shares of the company’s stock, valued at approximately $240,378.09. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. purchased a new position in Jack Henry & Associates in the 2nd quarter valued at approximately $25,000. Squar Milner Financial Services LLC boosted its position in Jack Henry & Associates by 387.2% in the 3rd quarter. Squar Milner Financial Services LLC now owns 190 shares of the technology company’s stock valued at $27,000 after buying an additional 151 shares during the period. Flagship Harbor Advisors LLC boosted its position in Jack Henry & Associates by 38.7% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 258 shares of the technology company’s stock valued at $34,000 after buying an additional 72 shares during the period. CWM LLC boosted its position in Jack Henry & Associates by 40.9% in the 3rd quarter. CWM LLC now owns 310 shares of the technology company’s stock valued at $45,000 after buying an additional 90 shares during the period. Finally, CSat Investment Advisory L.P. boosted its position in Jack Henry & Associates by 60.6% in the 2nd quarter. CSat Investment Advisory L.P. now owns 350 shares of the technology company’s stock valued at $47,000 after buying an additional 132 shares during the period. 91.34% of the stock is owned by hedge funds and other institutional investors.

About Jack Henry & Associates

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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