Jack Henry & Associates (NASDAQ:JKHY) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Jack Henry & Associates (NASDAQ:JKHY) from a hold rating to a buy rating in a research report report published on Monday.

Other equities analysts have also issued reports about the stock. UBS Group dropped their price target on shares of Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Keefe, Bruyette & Woods lowered their target price on shares of Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating on the stock in a research report on Thursday, May 8th. Northcoast Research lowered shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price on the stock. Finally, The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 target price on the stock in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $184.10.

Jack Henry & Associates Stock Up 0.4%

Shares of NASDAQ:JKHY opened at $181.66 on Monday. The stock has a market cap of $13.24 billion, a price-to-earnings ratio of 32.79, a price-to-earnings-growth ratio of 3.36 and a beta of 0.75. Jack Henry & Associates has a fifty-two week low of $157.00 and a fifty-two week high of $196.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The firm’s 50 day moving average price is $175.27 and its 200 day moving average price is $174.96.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.29 by $0.23. The company had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.19 earnings per share. As a group, equities research analysts predict that Jack Henry & Associates will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.28%. Jack Henry & Associates’s dividend payout ratio is presently 39.52%.

Institutional Investors Weigh In On Jack Henry & Associates

Hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Jack Henry & Associates during the third quarter worth $26,000. National Pension Service acquired a new stake in Jack Henry & Associates in the fourth quarter valued at $27,000. ORG Partners LLC acquired a new stake in Jack Henry & Associates in the fourth quarter valued at $35,000. Cullen Frost Bankers Inc. acquired a new stake in Jack Henry & Associates in the first quarter valued at $38,000. Finally, Atala Financial Inc acquired a new stake in Jack Henry & Associates in the fourth quarter valued at $40,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Company Profile

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.