Jack Henry & Associates (NASDAQ:JKHY) Stock Rating Lowered by Northcoast Research

Jack Henry & Associates (NASDAQ:JKHY) was downgraded by research analysts at Northcoast Research from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday, MarketBeat.com reports.

Several other analysts have also recently issued reports on JKHY. Wells Fargo & Company started coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective on the stock. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $186.80.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $176.69 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $12.88 billion, a P/E ratio of 31.89, a P/E/G ratio of 3.36 and a beta of 0.65. The stock has a 50-day moving average of $173.78 and a two-hundred day moving average of $176.03. Jack Henry & Associates has a 1-year low of $157.00 and a 1-year high of $196.00.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of JKHY. Smith Shellnut Wilson LLC ADV boosted its stake in Jack Henry & Associates by 1.1% in the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company’s stock valued at $1,238,000 after acquiring an additional 77 shares in the last quarter. Siemens Fonds Invest GmbH lifted its holdings in shares of Jack Henry & Associates by 569.0% in the 4th quarter. Siemens Fonds Invest GmbH now owns 8,041 shares of the technology company’s stock valued at $1,410,000 after purchasing an additional 6,839 shares during the last quarter. Menard Financial Group LLC acquired a new stake in shares of Jack Henry & Associates in the 4th quarter valued at about $60,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Jack Henry & Associates during the 4th quarter worth approximately $4,974,000. Finally, Jefferies Financial Group Inc. acquired a new position in Jack Henry & Associates during the fourth quarter worth approximately $2,032,000. 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.