Shares of Jack Henry & Associates Inc. (NASDAQ:JKHY) traded down 3.1% during trading on Wednesday . The stock traded as low as $85.26 and last traded at $85.66, with a volume of 404,827 shares trading hands. The stock had previously closed at $88.40.

Several analysts have commented on the stock. Zacks Investment Research cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Robert W. Baird restated a “hold” rating on shares of Jack Henry & Associates in a research report on Monday, May 16th. Finally, Oppenheimer Holdings Inc. restated a “buy” rating and issued a $84.00 price objective on shares of Jack Henry & Associates in a research report on Thursday, May 5th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $80.25.

The firm has a 50-day moving average price of $88.06 and a 200 day moving average price of $84.09. The company has a market capitalization of $6.78 billion and a PE ratio of 30.56.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 16th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.26. The company earned $367 million during the quarter, compared to analyst estimates of $355.40 million. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 EPS. On average, equities research analysts predict that Jack Henry & Associates Inc. will post $3.08 earnings per share for the current year.

Other hedge funds recently modified their holdings of the company. Westfield Capital Management Co. LP raised its stake in shares of 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 worth $6,851,000 after buying an additional 9,400 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of 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 during the period. Principal Financial Group Inc. raised its position in shares of 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 during the period. Broadview Advisors LLC raised its position in shares of Jack Henry & Associates by 26.5% in the fourth quarter. Broadview Advisors LLC now owns 27,225 shares of the company’s stock worth $2,125,000 after buying an additional 5,700 shares during the period. Finally, Bank of Montreal Can raised its position in shares of 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 during the period.

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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