Jack Henry & Associates (NASDAQ:JKHY) Upgraded at The Goldman Sachs Group

Jack Henry & Associates (NASDAQ:JKHY) was upgraded by research analysts at The Goldman Sachs Group from a “sell” rating to a “neutral” rating in a report issued on Wednesday,Finviz reports. The firm presently has a $183.00 price objective on the technology company’s stock. The Goldman Sachs Group’s target price suggests a potential downside of 0.55% from the company’s current price.

JKHY has been the subject of a number of other research reports. Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective for the company. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, Northcoast Research downgraded Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $186.45.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $184.02 on Wednesday. The stock has a market cap of $13.41 billion, a PE ratio of 33.22, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. Jack Henry & Associates has a 52-week low of $157.00 and a 52-week high of $196.00. The business has a 50-day simple moving average of $175.03 and a 200-day simple moving average of $176.44. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. On average, equities analysts expect that Jack Henry & Associates will post 5.83 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP grew its position in shares of Jack Henry & Associates by 17.2% in the fourth quarter. Wellington Management Group LLP now owns 2,886 shares of the technology company’s stock valued at $506,000 after purchasing an additional 423 shares in the last quarter. California State Teachers Retirement System grew its holdings in Jack Henry & Associates by 30.0% in the 4th quarter. California State Teachers Retirement System now owns 136,636 shares of the technology company’s stock valued at $23,952,000 after buying an additional 31,536 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Jack Henry & Associates by 40.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,964 shares of the technology company’s stock valued at $1,747,000 after buying an additional 2,888 shares in the last quarter. Smith Shellnut Wilson LLC ADV increased its stake in shares of Jack Henry & Associates by 1.1% in the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company’s stock worth $1,238,000 after acquiring an additional 77 shares during the last quarter. Finally, Siemens Fonds Invest GmbH raised its holdings in shares of Jack Henry & Associates by 569.0% during the 4th quarter. Siemens Fonds Invest GmbH now owns 8,041 shares of the technology company’s stock worth $1,410,000 after acquiring an additional 6,839 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.