Jack Henry & Associates Inc. (NASDAQ:JKHY) shares hit a new 52-week high during trading on Monday . The company traded as high as $89.89 and last traded at $89.39, with a volume of 127,306 shares trading hands. The stock had previously closed at $89.25.

A number of research analysts have commented on JKHY shares. Zacks Investment Research upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research note on Wednesday, July 6th. Robert W. Baird restated a “hold” rating on shares of Jack Henry & Associates in a research note on Monday, May 16th. Finally, Oppenheimer Holdings Inc. restated a “buy” rating and issued a $84.00 target price on shares of Jack Henry & Associates in a research note on Thursday, May 5th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $80.25.

The stock has a 50 day moving average of $86.36 and a 200-day moving average of $83.06. The company has a market capitalization of $7.05 billion and a P/E ratio of 31.79.

Several hedge funds and institutional investors recently bought and sold shares of the company. Wells Fargo & Company MN raised its position 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 valued at $129,997,000 after buying an additional 113,998 shares in the last quarter. American Capital Management Inc. raised its position in Jack Henry & Associates by 1.0% in the fourth quarter. American Capital Management Inc. now owns 391,134 shares of the company’s stock valued at $30,532,000 after buying an additional 3,984 shares in the last quarter. Principal Financial Group Inc. raised its position 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 valued at $20,321,000 after buying an additional 5,740 shares in the last quarter. US Bancorp DE raised its position in Jack Henry & Associates by 27.7% in the fourth quarter. US Bancorp DE now owns 120,183 shares of the company’s stock valued at $9,382,000 after buying an additional 26,096 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its position in Jack Henry & Associates by 12.0% in the fourth quarter. Westfield Capital Management Co. LP now owns 87,772 shares of the company’s stock valued at $6,851,000 after buying an additional 9,400 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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