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

JKHY has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Oppenheimer Holdings Inc. reissued a “buy” rating and set a $84.00 price objective on shares of Jack Henry & Associates in a report on Thursday, May 5th. Finally, Robert W. Baird reissued a “hold” rating on shares of Jack Henry & Associates in a report on Monday, May 16th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus price target of $80.25.

The company has a 50-day moving average of $86.64 and a 200 day moving average of $83.34. The company has a market cap of $7.00 billion and a PE ratio of 31.54.

A number of hedge funds have bought and sold shares of JKHY. 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 valued at $1,140,000 after buying an additional 343 shares during the last quarter. Advisors Asset Management Inc. raised its stake 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 valued at $1,407,000 after buying an additional 7,674 shares during the last quarter. 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 valued at $1,579,000 after buying an additional 4,103 shares during the last quarter. TrimTabs Asset Management LLC acquired a new stake in Jack Henry & Associates during the fourth quarter valued at about $2,250,000. Finally, Westfield Capital Management Co. LP raised its stake 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 during 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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