Jack Henry & Associates Inc. (NASDAQ:JKHY)’s share price reached a new 52-week high on Tuesday . The company traded as high as $89.19 and last traded at $88.73, with a volume of 57,381 shares traded. The stock had previously closed at $88.53.

A number of research firms have recently weighed in on JKHY. Zacks Investment Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Robert W. Baird reaffirmed a “hold” rating on shares of Jack Henry & Associates in a research note on Monday, May 16th. Finally, Oppenheimer Holdings Inc. reaffirmed a “buy” rating and issued a $84.00 price target on shares of Jack Henry & Associates in a research note on Thursday, May 5th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Jack Henry & Associates presently has an average rating of “Hold” and an average target price of $80.25.

The stock has a 50 day moving average price of $85.90 and a 200 day moving average price of $82.78. The firm has a market capitalization of $7.05 billion and a PE ratio of 31.78.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.02. The firm earned $333.20 million during the quarter, compared to the consensus estimate of $325.92 million. During the same period in the prior year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities analysts anticipate that Jack Henry & Associates Inc. will post $2.86 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. BHF Kleinwort Benson Group S.A. purchased a new stake in Jack Henry & Associates during the fourth quarter worth approximately $3,526,000. Bank of Montreal Can raised its stake in Jack Henry & Associates by 25.4% in the fourth quarter. Bank of Montreal Can now owns 20,232 shares of the company’s stock worth $1,579,000 after buying an additional 4,103 shares in the last quarter. Wells Fargo & Company MN raised its stake in Jack Henry & Associates by 7.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,665,349 shares of the company’s stock worth $129,997,000 after buying an additional 113,998 shares in the last quarter. Principal Financial Group Inc. raised its stake in Jack Henry & Associates by 2.3% in the fourth quarter. Principal Financial Group Inc. now owns 260,330 shares of the company’s stock worth $20,321,000 after buying an additional 5,740 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Jack Henry & Associates by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 14,602 shares of the company’s stock worth $1,140,000 after buying an additional 343 shares in the last quarter.

Jack Henry & Associates, Inc (JHA) is a provider of core information processing solutions for community banks. The Company provides integrated computer systems that perform data processing (available for in-house installations or outsourced services) for banks and credit unions. The Company operates in two segments: bank systems and services, and credit union systems and services.

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