Jack Henry & Associates (NASDAQ:JKHY) Receives Outperform Rating from William Blair

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report)'s stock had its "outperform" rating reissued by William Blair in a report released on Tuesday,RTT News reports.

A number of other analysts have also issued reports on the company. Stephens reaffirmed an "equal weight" rating and issued a $170.00 target price on shares of Jack Henry & Associates in a report on Wednesday, November 6th. StockNews.com downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Royal Bank of Canada raised their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a "sector perform" rating in a research report on Thursday, November 7th. Wells Fargo & Company began coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 price objective for the company. Finally, Keefe, Bruyette & Woods raised their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "market perform" rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $186.80.

Jack Henry & Associates Stock Performance

JKHY traded up $2.43 during midday trading on Tuesday, reaching $171.13. The company's stock had a trading volume of 709,347 shares, compared to its average volume of 592,816. The stock has a market cap of $12.48 billion, a P/E ratio of 30.89, a PEG ratio of 3.33 and a beta of 0.61. The company has a fifty day simple moving average of $173.58 and a 200 day simple moving average of $174.74. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates has a twelve month low of $157.00 and a twelve month high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Research analysts expect that Jack Henry & Associates will post 5.83 earnings per share for the current year.

Hedge Funds Weigh In On Jack Henry & Associates

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fortitude Family Office LLC lifted its position in shares of Jack Henry & Associates by 647.4% during the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock worth $25,000 after buying an additional 123 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Jack Henry & Associates in the 3rd quarter valued at $26,000. National Pension Service bought a new position in Jack Henry & Associates in the 4th quarter valued at $27,000. ORG Partners LLC bought a new position in Jack Henry & Associates in the 4th quarter valued at $35,000. Finally, Atala Financial Inc bought a new position in Jack Henry & Associates in the 4th quarter valued at $40,000. Institutional investors own 98.75% of the company's stock.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.