Jack Henry & Associates’ (JKHY) “Overweight” Rating Reaffirmed at Stephens

Jack Henry & Associates (NASDAQ:JKHY)‘s stock had its “overweight” rating reaffirmed by equities researchers at Stephens in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $200.00 price objective on the technology company’s stock. Stephens’ price target points to a potential upside of 30.14% from the company’s previous close.

A number of other equities analysts have also commented on JKHY. Barclays started coverage on shares of Jack Henry & Associates in a research report on Tuesday, July 7th. They issued an “overweight” rating and a $170.00 price target on the stock. Wolfe Research set a $165.00 price target on Jack Henry & Associates in a report on Monday, June 29th. Morgan Stanley set a $170.00 price objective on Jack Henry & Associates in a research report on Friday, May 8th. Royal Bank Of Canada cut their target price on shares of Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating on the stock in a research report on Thursday, June 18th. Finally, DA Davidson reissued a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.71.

Jack Henry & Associates Trading Down 0.9%

Jack Henry & Associates stock opened at $153.68 on Tuesday. Jack Henry & Associates has a 52 week low of $121.04 and a 52 week high of $193.39. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market capitalization of $10.92 billion, a PE ratio of 21.68, a PEG ratio of 2.19 and a beta of 0.55. The business’s 50-day simple moving average is $142.13 and its 200-day simple moving average is $152.55.

Insider Transactions at Jack Henry & Associates

In other news, CEO Gregory R. Adelson purchased 2,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average cost of $133.42 per share, with a total value of $266,840.00. Following the completion of the transaction, the chief executive officer owned 21,036 shares of the company’s stock, valued at $2,806,623.12. The trade was a 10.51% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mimi Carsley acquired 375 shares of the stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of $134.12 per share, for a total transaction of $50,295.00. Following the completion of the purchase, the chief financial officer directly owned 6,007 shares in the company, valued at $805,658.84. The trade was a 6.66% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC increased its holdings in shares of Jack Henry & Associates by 2,816.7% during the 4th quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock worth $32,000 after acquiring an additional 169 shares during the last quarter. Essential Partners LLC boosted its position in Jack Henry & Associates by 65.8% during the first quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock worth $29,000 after purchasing an additional 73 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Jack Henry & Associates in the second quarter valued at $35,000. Caitong International Asset Management Co. Ltd raised its position in shares of Jack Henry & Associates by 3,900.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock valued at $30,000 after purchasing an additional 195 shares during the period. Finally, MUFG Securities EMEA plc bought a new position in shares of Jack Henry & Associates in the second quarter valued at about $39,000. 98.75% of the stock is currently owned by institutional investors.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.