Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have been given an average rating of “Hold” by the eight brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $148.50.
A number of research firms recently weighed in on JKHY. Keefe, Bruyette & Woods began coverage on shares of Fiserv in a research report on Monday, April 8th. They issued a “market perform” rating and a $101.00 price objective on the stock. Zacks Investment Research raised shares of HENKEL AG & CO/S from a “sell” rating to a “hold” rating in a research report on Thursday, June 6th. Cantor Fitzgerald reissued a “buy” rating and issued a $15.00 price objective on shares of Foamix Pharmaceuticals in a research report on Tuesday, May 7th. Finally, BidaskClub lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th.
Shares of NASDAQ JKHY traded up $1.02 during mid-day trading on Monday, hitting $139.91. 397,814 shares of the company’s stock traded hands, compared to its average volume of 352,726. The business has a 50-day moving average of $135.43. The company has a market capitalization of $10.80 billion, a P/E ratio of 38.97, a P/E/G ratio of 3.36 and a beta of 0.91. Jack Henry & Associates has a 1 year low of $120.20 and a 1 year high of $163.68.
Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, April 30th. The technology company reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. The firm had revenue of $380.36 million for the quarter, compared to analysts’ expectations of $382.45 million. Jack Henry & Associates had a net margin of 18.79% and a return on equity of 21.72%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 EPS. Research analysts anticipate that Jack Henry & Associates will post 3.5 earnings per share for the current fiscal year.
In related news, insider Mark S. Forbis sold 501 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $137.58, for a total value of $68,927.58. Following the sale, the insider now directly owns 797 shares of the company’s stock, valued at approximately $109,651.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew C. Flanigan sold 5,000 shares of the stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $137.70, for a total transaction of $688,500.00. Following the completion of the sale, the director now directly owns 49,226 shares in the company, valued at $6,778,420.20. The disclosure for this sale can be found here. Insiders sold a total of 9,221 shares of company stock worth $1,267,422 over the last three months. 0.84% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC bought a new position in Jack Henry & Associates in the 1st quarter worth about $25,000. Executive Wealth Management LLC bought a new position in Jack Henry & Associates in the 4th quarter worth about $27,000. Advisory Services Network LLC grew its stake in Jack Henry & Associates by 85.7% in the 4th quarter. Advisory Services Network LLC now owns 247 shares of the technology company’s stock worth $32,000 after acquiring an additional 114 shares in the last quarter. Private Capital Group LLC grew its stake in Jack Henry & Associates by 53.5% in the 1st quarter. Private Capital Group LLC now owns 571 shares of the technology company’s stock worth $79,000 after acquiring an additional 199 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Jack Henry & Associates in the 1st quarter worth about $86,000. 89.65% of the stock is currently owned by 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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