Jack Henry & Associates (NASDAQ:JKHY) Price Target Increased to $186.00 by Analysts at Robert W. Baird

Jack Henry & Associates (NASDAQ:JKHY) had its price target hoisted by Robert W. Baird from $180.00 to $186.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has a neutral rating on the technology company’s stock.

Several other research firms have also commented on JKHY. Citigroup began coverage on shares of Jack Henry & Associates in a report on Thursday, January 18th. They issued a neutral rating and a $177.00 price target on the stock. StockNews.com upgraded shares of Jack Henry & Associates from a hold rating to a buy rating in a research report on Friday, April 12th. Royal Bank of Canada upped their price objective on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the stock a sector perform rating in a research report on Thursday, February 8th. Wolfe Research began coverage on shares of Jack Henry & Associates in a research report on Thursday, March 7th. They issued a peer perform rating for the company. Finally, Evercore ISI upped their price objective on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the stock an in-line rating in a research report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $172.42.

Jack Henry & Associates Price Performance

NASDAQ:JKHY opened at $164.67 on Wednesday. Jack Henry & Associates has a one year low of $136.57 and a one year high of $178.37. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market cap of $12.00 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 3.87 and a beta of 0.66. The firm’s fifty day moving average is $171.84 and its two-hundred day moving average is $162.39.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.14 by $0.12. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The company had revenue of $545.70 million for the quarter, compared to analyst estimates of $540.34 million. During the same period in the prior year, the company earned $1.10 earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. Research analysts expect that Jack Henry & Associates will post 5.11 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Thursday, March 7th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s dividend payout ratio is 43.05%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Thrive Wealth Management LLC grew its stake in Jack Henry & Associates by 17.3% during the 1st quarter. Thrive Wealth Management LLC now owns 1,469 shares of the technology company’s stock valued at $255,000 after acquiring an additional 217 shares in the last quarter. Cardinal Capital Management grew its stake in Jack Henry & Associates by 15.8% during the 1st quarter. Cardinal Capital Management now owns 15,490 shares of the technology company’s stock valued at $2,691,000 after acquiring an additional 2,110 shares in the last quarter. Janiczek Wealth Management LLC grew its stake in Jack Henry & Associates by 55.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 477 shares of the technology company’s stock valued at $83,000 after acquiring an additional 170 shares in the last quarter. Riverview Trust Co purchased a new stake in Jack Henry & Associates during the 1st quarter valued at about $51,000. Finally, Gateway Investment Advisers LLC grew its stake in Jack Henry & Associates by 36.3% during the 1st quarter. Gateway Investment Advisers LLC now owns 2,046 shares of the technology company’s stock valued at $355,000 after acquiring an additional 545 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

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.