Cantor Fitzgerald Boosts Jack Henry & Associates, Inc. (JKHY) Price Target to $128.00

Jack Henry & Associates, Inc. (NASDAQ:JKHY) had its target price increased by Cantor Fitzgerald to $128.00 in a research report released on Thursday morning, The Fly reports. The brokerage currently has an overweight rating on the technology company’s stock.

JKHY has been the subject of several other reports. Zacks Investment Research raised shares of Jack Henry & Associates from a sell rating to a hold rating in a research note on Wednesday, September 13th. Robert W. Baird reiterated a hold rating and set a $104.00 price target on shares of Jack Henry & Associates in a research report on Tuesday, September 19th. Royal Bank Of Canada reiterated a hold rating and set a $96.00 price target on shares of Jack Henry & Associates in a research report on Friday, October 20th. BidaskClub cut shares of Jack Henry & Associates from a strong-buy rating to a buy rating in a research report on Saturday, August 19th. Finally, Stephens reiterated an equal weight rating and set a $97.00 price target (up previously from $93.00) on shares of Jack Henry & Associates in a research report on Friday, August 18th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Jack Henry & Associates presently has an average rating of Hold and an average target price of $110.50.

Shares of Jack Henry & Associates (JKHY) traded down $0.27 during trading hours on Thursday, hitting $113.69. 428,400 shares of the stock traded hands, compared to its average volume of 363,238. The company has a market capitalization of $8,780.73, a P/E ratio of 36.56, a price-to-earnings-growth ratio of 2.98 and a beta of 0.77. The company has a current ratio of 0.53, a quick ratio of 1.10 and a debt-to-equity ratio of 0.05. Jack Henry & Associates has a 52-week low of $83.07 and a 52-week high of $115.34.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, August 15th. The technology company reported $0.83 EPS for the quarter, meeting the consensus estimate of $0.83. The firm had revenue of $383.77 million during the quarter, compared to the consensus estimate of $372.98 million. Jack Henry & Associates had a net margin of 17.08% and a return on equity of 23.92%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.06 earnings per share. equities research analysts expect that Jack Henry & Associates will post 3.29 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This news story was reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The legal version of this news story can be read at https://www.chaffeybreeze.com/2017/11/12/cantor-fitzgerald-boosts-jack-henry-associates-inc-jkhy-price-target-to-128-00.html.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.09%. Jack Henry & Associates’s dividend payout ratio is currently 39.12%.

In related news, VP Mark S. Forbis sold 2,600 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $101.16, for a total transaction of $263,016.00. Following the transaction, the vice president now owns 1,696 shares in the company, valued at $171,567.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kevin D. Williams sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $101.63, for a total transaction of $2,032,600.00. Following the transaction, the insider now owns 43,314 shares in the company, valued at approximately $4,402,001.82. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. YorkBridge Wealth Partners LLC grew 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 worth $112,000 after purchasing an additional 45 shares during the period. Acrospire Investment Management LLC purchased a new stake in Jack Henry & Associates in the second quarter worth about $114,000. Parallel Advisors LLC grew its holdings in Jack Henry & Associates by 9.7% in the second quarter. Parallel Advisors LLC now owns 1,216 shares of the technology company’s stock worth $131,000 after purchasing an additional 108 shares during the period. IFP Advisors Inc grew 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 worth $136,000 after purchasing an additional 379 shares during the period. Finally, MPS Loria Financial Planners LLC purchased a new stake in Jack Henry & Associates in the second quarter worth about $145,000. Institutional investors and hedge funds own 90.69% of the company’s stock.

About Jack Henry & Associates

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).

The Fly

Receive News & Ratings for Jack Henry & Associates Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply