Jack Henry & Associates (JKHY) Shares Gap Down to $146.65

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) gapped down prior to trading on Thursday . The stock had previously closed at $150.60, but opened at $146.65. Jack Henry & Associates shares last traded at $143.10, with a volume of 2003422 shares.

Several analysts have commented on JKHY shares. Wells Fargo & Co raised their price objective on shares of Jack Henry & Associates from $110.00 to $160.00 and gave the stock a “market perform” rating in a report on Thursday, August 23rd. BidaskClub upgraded shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a report on Friday, August 10th. Cantor Fitzgerald reiterated a “buy” rating and set a $141.00 target price on shares of Jack Henry & Associates in a report on Tuesday, August 21st. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $158.00 target price for the company in a report on Tuesday, August 14th. Finally, ValuEngine upgraded shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 24th. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Jack Henry & Associates presently has an average rating of “Hold” and a consensus target price of $137.29.

The firm has a market cap of $11.65 billion, a PE ratio of 39.73, a P/E/G ratio of 3.40 and a beta of 0.93.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, November 6th. The technology company reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.15. Jack Henry & Associates had a net margin of 25.29% and a return on equity of 24.85%. The firm had revenue of $392.54 million during the quarter, compared to analyst estimates of $385.12 million. During the same period last year, the business earned $0.86 earnings per share. The business’s revenue was up 8.7% on a year-over-year basis. Equities analysts predict that Jack Henry & Associates, Inc. will post 4.03 earnings per share for the current fiscal year.

In related news, Director John F. Prim sold 6,329 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $157.40, for a total transaction of $996,184.60. Following the completion of the sale, the director now owns 206,318 shares of the company’s stock, valued at $32,474,453.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.84% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in JKHY. Principal Financial Group Inc. increased its position in shares of Jack Henry & Associates by 2.6% during the first quarter. Principal Financial Group Inc. now owns 341,828 shares of the technology company’s stock valued at $41,344,000 after acquiring an additional 8,631 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of Jack Henry & Associates by 1.2% during the first quarter. Allianz Asset Management GmbH now owns 55,618 shares of the technology company’s stock valued at $6,727,000 after acquiring an additional 649 shares in the last quarter. IFM Investors Pty Ltd bought a new stake in shares of Jack Henry & Associates during the second quarter valued at approximately $273,000. State of Alaska Department of Revenue increased its position in shares of Jack Henry & Associates by 4.7% during the second quarter. State of Alaska Department of Revenue now owns 14,993 shares of the technology company’s stock valued at $1,954,000 after acquiring an additional 670 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Jack Henry & Associates by 6.1% during the second quarter. Bank of Montreal Can now owns 38,353 shares of the technology company’s stock valued at $4,998,000 after acquiring an additional 2,189 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This article was first posted by WKRB News and is the sole property of of WKRB News. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.wkrb13.com/2018/11/09/jack-henry-associates-jkhy-shares-gap-down-to-146-65.html.

About Jack Henry & Associates (NASDAQ:JKHY)

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.

Featured Story: Return on Investment (ROI) Defined, Explained

Receive News & Ratings for Jack Henry & Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply