Jack Henry & Associates Inc. (NASDAQ:JKHY) has been given a $90.00 price objective by equities research analysts at Stephens in a note issued to investors on Wednesday. The brokerage presently has a a “hold” rating on the stock. Stephens’ price target would suggest a potential upside of 7.76% from the stock’s current price.

JKHY has been the topic of several other research reports. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, October 26th. Citigroup Inc. cut shares of Jack Henry & Associates from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 24th. Finally, Oppenheimer Holdings Inc. cut shares of Jack Henry & Associates from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 24th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Jack Henry & Associates presently has an average rating of “Hold” and an average target price of $89.33.

Shares of Jack Henry & Associates (NASDAQ:JKHY) opened at 83.52 on Wednesday. The firm’s 50-day moving average is $83.03 and its 200 day moving average is $85.21. The stock has a market cap of $6.56 billion, a PE ratio of 26.77 and a beta of 0.65. Jack Henry & Associates has a 12 month low of $73.19 and a 12 month high of $89.89.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Monday, November 7th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.09. The firm had revenue of $345 million for the quarter, compared to analysts’ expectations of $335.65 million. Jack Henry & Associates had a net margin of 18.85% and a return on equity of 27.13%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 earnings per share. On average, equities analysts predict that Jack Henry & Associates will post $3.05 EPS for the current year.

In related news, insider Kevin D. Williams sold 31,802 shares of the business’s stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $86.14, for a total value of $2,739,424.28. Following the sale, the insider now owns 55,274 shares in the company, valued at $4,761,302.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mark S. Forbis sold 3,000 shares of the business’s stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $86.75, for a total transaction of $260,250.00. Following the completion of the sale, the vice president now owns 1,936 shares in the company, valued at approximately $167,948. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Jack Henry & Associates by 1.5% in the second quarter. Vanguard Group Inc. now owns 6,567,352 shares of the company’s stock valued at $573,132,000 after buying an additional 98,783 shares in the last quarter. Janus Capital Management LLC raised its position in Jack Henry & Associates by 3.5% in the second quarter. Janus Capital Management LLC now owns 3,641,127 shares of the company’s stock valued at $317,762,000 after buying an additional 124,664 shares during the last quarter. BlackRock Fund Advisors raised its position in Jack Henry & Associates by 3.9% in the third quarter. BlackRock Fund Advisors now owns 2,984,895 shares of the company’s stock valued at $255,358,000 after buying an additional 112,734 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Jack Henry & Associates by 1.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,321,957 shares of the company’s stock valued at $202,637,000 after buying an additional 37,326 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in Jack Henry & Associates by 1.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,860,046 shares of the company’s stock valued at $162,326,000 after buying an additional 23,841 shares during the last quarter. Institutional investors own 87.25% of the company’s stock.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union).

5 Day Chart for NASDAQ:JKHY

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