Wells Fargo Reaffirms Their Hold Rating on Jack Henry & Associates (JKHY)

In a report released yesterday, Jason Kupferberg from Wells Fargo maintained a Hold rating on Jack Henry & Associates, with a price target of $174.00. The company’s shares closed yesterday at $184.38.

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Kupferberg covers the Technology sector, focusing on stocks such as Block, Automatic Data Processing, and Globant SA. According to TipRanks, Kupferberg has an average return of -3.1% and a 49.60% success rate on recommended stocks.

In addition to Wells Fargo, Jack Henry & Associates also received a Hold from Robert W. Baird’s David Koning in a report issued on December 15. However, on December 16, William Blair maintained a Buy rating on Jack Henry & Associates (NASDAQ: JKHY).

Based on Jack Henry & Associates’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $644.74 million and a net profit of $143.99 million. In comparison, last year the company earned a revenue of $600.98 million and had a net profit of $119.19 million

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JKHY in relation to earlier this year. Earlier this month, David Foss, a Director at JKHY sold 20,000.00 shares for a total of $3,498,400.00.