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

Several research firms have weighed in on JKHY. Oppenheimer Holdings Inc. restated a “buy” rating and set a $84.00 target price on shares of Jack Henry & Associates in a research note on Thursday, May 5th. Zacks Investment Research upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Thursday, May 5th. Finally, Robert W. Baird restated a “hold” rating on shares of Jack Henry & Associates in a research note on Monday, May 16th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $80.25.

The firm’s 50 day moving average price is $86.15 and its 200-day moving average price is $82.92. The company has a market capitalization of $7.03 billion and a price-to-earnings ratio of 31.70.

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

Other hedge funds and institutional investors have added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position 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. Advisors Asset Management Inc. raised its position in Jack Henry & Associates by 74.2% in the fourth quarter. Advisors Asset Management Inc. now owns 18,021 shares of the company’s stock worth $1,407,000 after buying an additional 7,674 shares in the last quarter. Bank of Montreal Can raised its position 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. TrimTabs Asset Management LLC acquired a new position in Jack Henry & Associates during the fourth quarter worth $2,250,000. Finally, BHF Kleinwort Benson Group S.A. acquired a new position in Jack Henry & Associates during the fourth quarter worth $3,526,000.

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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