Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Free Report) 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
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 – Get Free Report) 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.
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