Jack Henry & Associates (NASDAQ:JKHY) PT Lowered to $181.00 at Royal Bank of Canada

Posted by Defense World Staff on Aug 21st, 2023

Jack Henry & Associates (NASDAQ:JKHY – Free Report) had its price objective decreased by Royal Bank of Canada from $184.00 to $181.00 in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. Royal Bank of Canada currently has a sector perform rating on the technology company’s stock.

A number of other research firms have also weighed in on JKHY. Bank of America decreased their price target on Jack Henry & Associates from $173.00 to $167.00 and set a neutral rating for the company in a research report on Thursday. Robert W. Baird decreased their price target on Jack Henry & Associates from $176.00 to $164.00 and set a neutral rating for the company in a research report on Thursday. BTIG Research reduced their price objective on Jack Henry & Associates from $200.00 to $173.00 and set a buy rating for the company in a research note on Thursday. Oppenheimer reduced their price objective on Jack Henry & Associates from $181.00 to $176.00 and set an outperform rating for the company in a research note on Wednesday, April 19th. Finally, The Goldman Sachs Group initiated coverage on Jack Henry & Associates in a research note on Wednesday, July 12th. They issued a neutral rating and a $173.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $173.08.

View Our Latest Research Report on JKHY

Jack Henry & Associates Trading Up 0.1 %

Shares of JKHY stock opened at $155.03 on Thursday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.24. Jack Henry & Associates has a fifty-two week low of $139.28 and a fifty-two week high of $205.21. The stock has a market capitalization of $11.30 billion, a P/E ratio of 30.88, a P/E/G ratio of 4.61 and a beta of 0.65. The stock has a 50-day simple moving average of $166.61 and a 200 day simple moving average of $160.17.

Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last released its quarterly earnings results on Wednesday, August 16th. The technology company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.15. Jack Henry & Associates had a return on equity of 24.39% and a net margin of 17.65%. The business had revenue of $534.63 million during the quarter, compared to analyst estimates of $512.78 million. During the same quarter last year, the company posted $1.10 EPS. Jack Henry & Associates’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, sell-side analysts expect that Jack Henry & Associates will post 4.98 earnings per share for the current fiscal year.

Insider Transactions at Jack Henry & Associates

In other news, Director Thomas A. Wimsett acquired 2,000 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were bought at an average price of $145.51 per share, with a total value of $291,020.00. Following the acquisition, the director now owns 36,950 shares of the company’s stock, valued at $5,376,594.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.58% of the company’s stock.

Institutional Trading of Jack Henry & Associates

Several institutional investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. boosted its stake in Jack Henry & Associates by 16.2% in the 4th quarter. First Horizon Advisors Inc. now owns 430 shares of the technology company’s stock valued at $75,000 after buying an additional 60 shares in the last quarter. Torray Investment Partners LLC boosted its stake in Jack Henry & Associates by 0.8% in the 2nd quarter. Torray Investment Partners LLC now owns 7,897 shares of the technology company’s stock valued at $1,321,000 after buying an additional 61 shares in the last quarter. Moors & Cabot Inc. boosted its stake in Jack Henry & Associates by 5.1% in the 4th quarter. Moors & Cabot Inc. now owns 1,308 shares of the technology company’s stock valued at $230,000 after buying an additional 64 shares in the last quarter. Cardinal Capital Management boosted its stake in Jack Henry & Associates by 0.5% in the 1st quarter. Cardinal Capital Management now owns 12,845 shares of the technology company’s stock valued at $1,936,000 after buying an additional 65 shares in the last quarter. Finally, Texas Permanent School Fund Corp boosted its stake in Jack Henry & Associates by 0.4% in the 2nd quarter. Texas Permanent School Fund Corp now owns 15,282 shares of the technology company’s stock valued at $2,557,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 92.03% of the company’s stock.

Jack Henry & Associates Company Profile

(Get Free Report)

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology and services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.