Jack Henry & Associates (NASDAQ:JKHY) Upgraded to “Strong-Buy” at BidaskClub

BidaskClub upgraded shares of Jack Henry & Associates (NASDAQ:JKHY) from a buy rating to a strong-buy rating in a report released on Friday morning, BidAskClub reports.

JKHY has been the topic of several other research reports. Atlantic Securities assumed coverage on shares of Jack Henry & Associates in a research report on Tuesday, September 3rd. They set a neutral rating and a $147.00 price objective on the stock. Zacks Investment Research upgraded shares of Jack Henry & Associates from a sell rating to a hold rating in a research report on Thursday, September 12th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $151.50.

Jack Henry & Associates stock opened at $147.69 on Friday. The firm’s fifty day moving average price is $142.69 and its 200-day moving average price is $139.04. The stock has a market cap of $11.39 billion, a P/E ratio of 42.01, a price-to-earnings-growth ratio of 3.52 and a beta of 0.92. Jack Henry & Associates has a fifty-two week low of $120.20 and a fifty-two week high of $162.13.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, August 20th. The technology company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The firm had revenue of $393.50 million for the quarter, compared to analysts’ expectations of $390.70 million. Jack Henry & Associates had a net margin of 17.51% and a return on equity of 19.37%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the company posted $1.10 EPS. On average, equities research analysts forecast that Jack Henry & Associates will post 3.66 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 9th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Friday, September 6th. Jack Henry & Associates’s payout ratio is presently 45.45%.

Large investors have recently modified their holdings of the stock. Cullen Frost Bankers Inc. purchased a new position in Jack Henry & Associates in the 2nd quarter worth $25,000. Flagship Harbor Advisors LLC raised its position in Jack Henry & Associates by 38.7% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 258 shares of the technology company’s stock worth $34,000 after purchasing an additional 72 shares during the period. Advisory Services Network LLC raised its position in Jack Henry & Associates by 33.2% in the 1st quarter. Advisory Services Network LLC now owns 329 shares of the technology company’s stock worth $45,000 after purchasing an additional 82 shares during the period. CSat Investment Advisory L.P. raised its position in Jack Henry & Associates by 60.6% in the 2nd quarter. CSat Investment Advisory L.P. now owns 350 shares of the technology company’s stock worth $47,000 after purchasing an additional 132 shares during the period. Finally, Stonebridge Capital Advisors LLC purchased a new position in Jack Henry & Associates in the 2nd quarter worth $50,000. Institutional investors own 90.82% of the company’s stock.

About Jack Henry & Associates

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar 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.

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Analyst Recommendations for Jack Henry & Associates (NASDAQ:JKHY)

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