Raymond James Remains a Buy on Jack Henry & Associates (JKHY)

Raymond James analyst John Davis maintained a Buy rating on Jack Henry & Associates (JKHYResearch Report) yesterday. The company’s shares closed last Tuesday at $159.26.

According to TipRanks.com, Davis is a 5-star analyst with an average return of 18.0% and a 75.9% success rate. Davis covers the Technology sector, focusing on stocks such as Fidelity National Info, Global Payments, and Paypal Holdings.

Jack Henry & Associates has an analyst consensus of Moderate Buy, with a price target consensus of $173.33, representing a 7.0% upside. In a report issued on April 23, D.A. Davidson also maintained a Buy rating on the stock with a $192.00 price target.

See today’s analyst top recommended stocks >>

Based on Jack Henry & Associates’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $422 million and net profit of $71.98 million. In comparison, last year the company earned revenue of $419 million and had a net profit of $72.1 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Jack Henry & Associates, Inc. engages in the provision of technology solutions and payment processing services primarily for financial services organizations. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment focuses on core information processing platforms to banks and credit unions, which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer or member information. The Payments segment secures payment processing tools and services, such automated teller machine, debit, and credit card processing services; online and mobile bill pay solutions; and risk management products and services. The Complementary segment offers additional software, and services that can be integrated with its core solutions or used independently. The Corporate and Other segment comprises of hardware revenue and costs, as well as operating costs not directly attributable to the other segments. The company was founded by Jerry D. Hall and John W. Henry in 1976 and is headquartered in Monett, MO.