Jack Henry & Associates (NASDAQ:JKHY) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) had its target price upped by Royal Bank of Canada from $181.00 to $203.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a "sector perform" rating on the technology company's stock. Royal Bank of Canada's price objective would indicate a potential upside of 12.80% from the stock's current price.

JKHY has been the subject of a number of other research reports. StockNews.com raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Thursday, August 15th. Compass Point began coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They issued a "neutral" rating and a $186.00 price objective for the company. Keefe, Bruyette & Woods boosted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "market perform" rating in a research report on Thursday. UBS Group raised their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Stephens reissued an "equal weight" rating and set a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $188.73.

Jack Henry & Associates Trading Down 0.2 %

JKHY traded down $0.43 on Thursday, hitting $179.97. 720,728 shares of the company were exchanged, compared to its average volume of 445,537. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00. Jack Henry & Associates has a 12 month low of $146.46 and a 12 month high of $189.63. The firm has a fifty day simple moving average of $179.13 and a two-hundred day simple moving average of $170.51. The stock has a market capitalization of $13.12 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 3.38 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.02. The firm had revenue of $600.98 million for the quarter, compared to analysts' expectations of $599.56 million. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. The company's quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.39 earnings per share. Sell-side analysts expect that Jack Henry & Associates will post 5.82 earnings per share for the current year.

Institutional Trading of Jack Henry & Associates

A number of institutional investors have recently modified their holdings of JKHY. V Square Quantitative Management LLC lifted its position in Jack Henry & Associates by 3.6% during the third quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company's stock valued at $277,000 after acquiring an additional 54 shares during the last quarter. Bridges Investment Management Inc. lifted its holdings in shares of Jack Henry & Associates by 1.7% during the 3rd quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company's stock valued at $575,000 after purchasing an additional 55 shares during the last quarter. Raymond James Trust N.A. boosted its position in shares of Jack Henry & Associates by 1.3% in the 2nd quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company's stock worth $798,000 after purchasing an additional 60 shares in the last quarter. Advisor OS LLC grew its stake in Jack Henry & Associates by 1.0% during the 2nd quarter. Advisor OS LLC now owns 6,624 shares of the technology company's stock worth $1,100,000 after buying an additional 65 shares during the last quarter. Finally, UMB Bank n.a. increased its position in Jack Henry & Associates by 0.6% during the 3rd quarter. UMB Bank n.a. now owns 10,870 shares of the technology company's stock valued at $1,919,000 after buying an additional 66 shares in the last quarter. 98.75% of the stock is currently owned by 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.