In a report released today, Peter Heckmann from D.A. Davidson maintained a Buy rating on Jack Henry & Associates (JKHY – Research Report), with a price target of $190.00. The company’s shares closed yesterday at $168.05.
Heckmann covers the Technology sector, focusing on stocks such as Envestnet, Jack Henry & Associates, and Shift4 Payments. According to TipRanks, Heckmann has an average return of 5.9% and a 57.51% success rate on recommended stocks.
In addition to D.A. Davidson, Jack Henry & Associates also received a Buy from Bank of America Securities’s Jason Kupferberg in a report issued on January 22. However, on the same day, KBW maintained a Hold rating on Jack Henry & Associates (NASDAQ: JKHY).
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JKHY market cap is currently $12.24B and has a P/E ratio of 33.94.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JKHY in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Jack Henry & Associates (JKHY) Company Description:
Jack Henry & Associates, Inc. engages in the provision of technology solutions and payment processing services primarily for financial services organizations. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment focuses on 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 or member information. The Payments segment secures payment processing tools and services, such automated teller machine, debit, and credit card processing services; online and mobile bill pay solutions; and risk management products and services. The Complementary segment offers additional software, and services that can be integrated with its core solutions or used independently. The Corporate and Other segment comprises of hardware revenue and costs, as well as operating costs not directly attributable to the other segments. The company was founded by Jerry D. Hall and John W. Henry in 1976 and is headquartered in Monett, MO.
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