Jack Henry & Associates (NASDAQ:JKHY) Rating Increased to Neutral at The Goldman Sachs Group

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) was upgraded by research analysts at The Goldman Sachs Group from a "sell" rating to a "neutral" rating in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The brokerage currently has a $183.00 target price on the technology company's stock. The Goldman Sachs Group's target price would indicate a potential upside of 7.72% from the stock's current price.

Several other analysts also recently issued reports on JKHY. Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 price objective for the company. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $186.45.

Jack Henry & Associates Trading Down 1.6 %

Shares of NASDAQ:JKHY traded down $2.74 during trading on Wednesday, hitting $169.88. The company had a trading volume of 403,881 shares, compared to its average volume of 524,905. The stock has a market cap of $12.38 billion, a price-to-earnings ratio of 30.65, a price-to-earnings-growth ratio of 3.36 and a beta of 0.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The company has a fifty day simple moving average of $175.42 and a two-hundred day simple moving average of $176.54. Jack Henry & Associates has a one year low of $157.00 and a one year high of $196.00.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Jack Henry & Associates by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company's stock valued at $1,544,634,000 after purchasing an additional 157,360 shares during the last quarter. State Street Corp grew its position in shares of Jack Henry & Associates by 1.7% in the 3rd quarter. State Street Corp now owns 3,976,658 shares of the technology company's stock worth $702,039,000 after buying an additional 67,716 shares during the last quarter. Invesco Ltd. raised its stake in shares of Jack Henry & Associates by 29.9% during the 4th quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock worth $359,523,000 after acquiring an additional 471,507 shares in the last quarter. Geode Capital Management LLC lifted its position in Jack Henry & Associates by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,990,506 shares of the technology company's stock valued at $349,796,000 after acquiring an additional 24,709 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Jack Henry & Associates by 7.9% in the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock valued at $316,326,000 after acquiring an additional 131,515 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Company Profile

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.