Jack Henry & Associates (NASDAQ:JKHY) Price Target Increased to $195.00 by Analysts at Robert W. Baird

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) had its price target upped by equities researchers at Robert W. Baird from $186.00 to $195.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the technology company's stock. Robert W. Baird's price objective would suggest a potential upside of 4.85% from the stock's current price.

Several other analysts have also issued reports on JKHY. StockNews.com upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Thursday, August 15th. Compass Point started coverage on Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a "neutral" rating and a $186.00 target price on the stock. Keefe, Bruyette & Woods boosted their target price on Jack Henry & Associates from $178.00 to $180.00 and gave the company a "market perform" rating in a research note on Thursday, August 22nd. Oppenheimer started coverage on Jack Henry & Associates in a research note on Tuesday, October 1st. They issued an "outperform" rating and a $206.00 target price on the stock. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $181.00 target price on shares of Jack Henry & Associates in a research note on Friday, September 6th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $184.90.

Jack Henry & Associates Stock Up 0.2 %

Shares of NASDAQ:JKHY traded up $0.31 during mid-day trading on Thursday, hitting $185.98. 420,635 shares of the company traded hands, compared to its average volume of 439,714. The stock has a market cap of $13.56 billion, a P/E ratio of 35.84, a P/E/G ratio of 3.35 and a beta of 0.64. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. Jack Henry & Associates has a 12-month low of $136.57 and a 12-month high of $186.93. The stock has a 50-day moving average price of $173.72 and a two-hundred day moving average price of $168.85.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 20th. The technology company reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.08. The business had revenue of $559.91 million for the quarter, compared to analyst estimates of $563.37 million. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. During the same period last year, the company posted $1.34 earnings per share. On average, equities research analysts forecast that Jack Henry & Associates will post 5.82 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 company. Assenagon Asset Management S.A. boosted its holdings in shares of Jack Henry & Associates by 6,680.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company's stock worth $19,158,000 after purchasing an additional 113,696 shares in the last quarter. Boston Trust Walden Corp raised its position in Jack Henry & Associates by 3.0% during the 2nd quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company's stock valued at $35,318,000 after purchasing an additional 6,173 shares during the last quarter. Norden Group LLC bought a new position in Jack Henry & Associates during the 1st quarter valued at approximately $1,411,000. State Board of Administration of Florida Retirement System raised its position in shares of Jack Henry & Associates by 4.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 91,114 shares of the technology company's stock worth $15,829,000 after acquiring an additional 4,252 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its position in shares of Jack Henry & Associates by 23.3% in the 1st quarter. Epoch Investment Partners Inc. now owns 359,330 shares of the technology company's stock worth $62,426,000 after acquiring an additional 67,816 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

About Jack Henry & Associates

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.