Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives Consensus Recommendation of “Hold” from Analysts

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been given an average rating of “Hold” by the twelve ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $185.30.

A number of research firms have commented on JKHY. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Northcoast Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. The Goldman Sachs Group raised shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 target price for the company in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company initiated coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target on the stock.

Jack Henry & Associates Price Performance

Shares of JKHY stock opened at $173.89 on Friday. The stock’s fifty day simple moving average is $175.10 and its 200 day simple moving average is $175.51. Jack Henry & Associates has a one year low of $157.00 and a one year high of $196.00. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 31.39, a P/E/G ratio of 3.36 and a beta of 0.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. On average, analysts expect that Jack Henry & Associates will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.33%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date was Thursday, March 6th. Jack Henry & Associates’s payout ratio is presently 41.88%.

Institutional Trading of Jack Henry & Associates

A number of large investors have recently added to or reduced their stakes in JKHY. Fortitude Family Office LLC raised its holdings in shares of Jack Henry & Associates by 647.4% in the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after purchasing an additional 123 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Jack Henry & Associates in the third quarter valued at approximately $26,000. National Pension Service acquired a new stake in shares of Jack Henry & Associates in the fourth quarter valued at approximately $27,000. ORG Partners LLC bought a new position in shares of Jack Henry & Associates during the 4th quarter worth approximately $35,000. Finally, Atala Financial Inc acquired a new position in shares of Jack Henry & Associates during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides 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 and member information.