Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) had its price target dropped by equities research analysts at Oppenheimer from $180.00 to $168.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Oppenheimer’s target price indicates a potential upside of 15.38% from the company’s current price.
Several other research analysts have also weighed in on the company. The Goldman Sachs Group lowered Jack Henry & Associates from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $165.00 to $140.00 in a research report on Thursday, October 12th. Morgan Stanley decreased their price target on Jack Henry & Associates from $165.00 to $162.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 17th. Bank of America decreased their price target on Jack Henry & Associates from $173.00 to $167.00 and set a “neutral” rating on the stock in a research note on Thursday, August 17th. Robert W. Baird reduced their price objective on shares of Jack Henry & Associates from $176.00 to $164.00 and set a “neutral” rating for the company in a research report on Thursday, August 17th. Finally, TheStreet upgraded shares of Jack Henry & Associates from a “c+” rating to a “b” rating in a research report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $170.54.
Get Our Latest Stock Report on JKHY
Jack Henry & Associates Price Performance
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last issued its quarterly earnings data on Wednesday, August 16th. The technology company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.15. The company had revenue of $534.63 million during the quarter, compared to analyst estimates of $512.78 million. Jack Henry & Associates had a return on equity of 23.97% and a net margin of 17.65%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 earnings per share. Equities research analysts anticipate that Jack Henry & Associates will post 4.97 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of JKHY. Catalyst Capital Advisors LLC acquired a new position in shares of Jack Henry & Associates during the 2nd quarter worth approximately $27,000. Capital Advisors Ltd. LLC purchased a new stake in Jack Henry & Associates in the 2nd quarter worth approximately $40,000. KB Financial Partners LLC purchased a new stake in Jack Henry & Associates in the 1st quarter worth approximately $52,000. Eagle Bay Advisors LLC grew its stake in Jack Henry & Associates by 23.9% in the 1st quarter. Eagle Bay Advisors LLC now owns 908 shares of the technology company’s stock worth $54,000 after acquiring an additional 175 shares during the period. Finally, Platinum Investment Management Ltd. purchased a new stake in Jack Henry & Associates in the 1st quarter worth approximately $58,000. 92.53% of the stock is currently owned by institutional investors and hedge funds.
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.
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