Jack Henry & Associates, Inc. (NASDAQ:JKHY) Given Average Recommendation of “Hold” by Brokerages

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been given an average rating of “Hold” by the twelve brokerages that are currently covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $173.08.

Several equities analysts recently issued reports on JKHY shares. DA Davidson reduced their price objective on shares of Jack Henry & Associates from $180.00 to $174.00 in a research note on Thursday, August 17th. Bank of America dropped their price target on shares of Jack Henry & Associates from $173.00 to $167.00 and set a “neutral” rating for the company in a research report on Thursday, August 17th. Royal Bank of Canada dropped their price target on shares of Jack Henry & Associates from $184.00 to $181.00 and set a “sector perform” rating for the company in a research report on Thursday, August 17th. Morgan Stanley dropped their price target on shares of Jack Henry & Associates from $165.00 to $162.00 and set an “equal weight” rating for the company in a research report on Thursday, August 17th. Finally, Robert W. Baird dropped their price target on shares of Jack Henry & Associates from $176.00 to $164.00 and set a “neutral” rating for the company in a research report on Thursday, August 17th.

Hedge Funds Weigh In On Jack Henry & Associates

A number of large investors have recently bought and sold shares of the company. Fairfield Bush & CO. bought a new position in Jack Henry & Associates during the first quarter worth $104,000. American Century Companies Inc. lifted its holdings in shares of Jack Henry & Associates by 36.3% during the first quarter. American Century Companies Inc. now owns 6,383 shares of the technology company’s stock worth $1,258,000 after buying an additional 1,701 shares in the last quarter. Cetera Advisor Networks LLC acquired a new stake in shares of Jack Henry & Associates during the first quarter worth $208,000. D.A. Davidson & CO. acquired a new stake in shares of Jack Henry & Associates during the first quarter worth $225,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Jack Henry & Associates by 4.9% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,744 shares of the technology company’s stock worth $1,920,000 after buying an additional 451 shares in the last quarter. Institutional investors and hedge funds own 92.53% of the company’s stock.

Jack Henry & Associates Stock Up 0.3 %

Shares of NASDAQ JKHY opened at $151.40 on Friday. Jack Henry & Associates has a 12-month low of $139.28 and a 12-month high of $202.66. The company has a market capitalization of $11.04 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 3.70 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.20 and a quick ratio of 1.20. The firm’s 50-day moving average is $164.51 and its two-hundred day moving average is $158.67.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Wednesday, August 16th. The technology company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.15. Jack Henry & Associates had a net margin of 17.65% and a return on equity of 23.97%. The company had revenue of $534.63 million for the quarter, compared to the consensus estimate of $512.78 million. During the same quarter in the prior year, the firm earned $1.10 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. Equities analysts anticipate that Jack Henry & Associates will post 4.97 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Friday, September 8th will be paid a dividend of $0.52 per share. The ex-dividend date is Thursday, September 7th. This represents a $2.08 dividend on an annualized basis and a yield of 1.37%. Jack Henry & Associates’s payout ratio is 41.43%.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.