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Jack Henry & Associates (JKHY) Receives a Buy from Wells Fargo

Tipranks - Fri Jun 19, 7:43AM CDT

In a report released on June 15, Jason Kupferberg from Wells Fargo maintained a Buy rating on Jack Henry & Associates, with a price target of $196.00. The company’s shares closed yesterday at $130.35.

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According to TipRanks, Kupferberg is an analyst with an average return of -8.8% and a 42.30% success rate. Kupferberg covers the Technology sector, focusing on stocks such as Automatic Data Processing, Globant SA, and Block.

In addition to Wells Fargo, Jack Henry & Associates also received a Buy from RBC Capital’s Daniel Perlin in a report issued today. However, on June 11, Morgan Stanley maintained a Hold rating on Jack Henry & Associates (NASDAQ: JKHY).

Based on Jack Henry & Associates’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $636.25 million and a net profit of $122.89 million. In comparison, last year the company earned a revenue of $585.09 million and had a net profit of $111.11 million

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of JKHY in relation to earlier this year.

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