Jack Henry & Associates, Inc. (NASDAQ:JKHY)‘s stock had its “hold” rating reiterated by equities researchers at Robert W. Baird in a research report issued to clients and investors on Tuesday. They currently have a $104.00 price target on the technology company’s stock. Robert W. Baird’s price objective points to a potential upside of 2.38% from the company’s previous close.
Other analysts have also issued research reports about the company. Zacks Investment Research lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub lowered Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Stephens reaffirmed an “equal weight” rating and set a $97.00 price objective (up previously from $93.00) on shares of Jack Henry & Associates in a research report on Friday, August 18th. Finally, Cantor Fitzgerald began coverage on Jack Henry & Associates in a research report on Monday, August 28th. They set an “overweight” rating and a $112.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Jack Henry & Associates has a consensus rating of “Hold” and an average price target of $107.50.
Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, August 15th. The technology company reported $0.83 EPS for the quarter, hitting analysts’ consensus estimates of $0.83. Jack Henry & Associates had a return on equity of 24.65% and a net margin of 17.17%. The company had revenue of $383.77 million for the quarter, compared to analysts’ expectations of $372.98 million. During the same period in the prior year, the firm earned $1.06 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year.
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Institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC increased its holdings in Jack Henry & Associates by 43.3% in the first quarter. Parallel Advisors LLC now owns 1,108 shares of the technology company’s stock valued at $108,000 after buying an additional 335 shares during the last quarter. YorkBridge Wealth Partners LLC increased its holdings in Jack Henry & Associates by 4.3% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,088 shares of the technology company’s stock valued at $112,000 after buying an additional 45 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in Jack Henry & Associates in the second quarter valued at $114,000. Almanack Investment Partners LLC. purchased a new position in Jack Henry & Associates in the first quarter valued at $124,000. Finally, IFP Advisors Inc increased its holdings in Jack Henry & Associates by 40.6% in the second quarter. IFP Advisors Inc now owns 1,312 shares of the technology company’s stock valued at $136,000 after buying an additional 379 shares during the last quarter. 91.66% of the stock is currently owned by institutional investors and hedge funds.
Jack Henry & Associates Company Profile
Jack Henry & Associates, Inc is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union).
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