Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives Average Rating of “Hold” from Brokerages

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has earned a consensus rating of “Hold” from the twelve ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $184.10.

A number of equities analysts have issued reports on JKHY shares. The Goldman Sachs Group raised shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price objective on the stock in a research note on Wednesday, April 2nd. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. UBS Group decreased their price objective on shares of Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Keefe, Bruyette & Woods decreased their price target on shares of Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating on the stock in a research note on Thursday, May 8th. Finally, Northcoast Research lowered Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th.

Jack Henry & Associates Stock Up 0.1%

JKHY stock opened at $182.00 on Tuesday. Jack Henry & Associates has a twelve month low of $157.00 and a twelve month 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 business’s 50-day simple moving average is $175.70 and its 200 day simple moving average is $174.93. The company has a market cap of $13.25 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 3.36 and a beta of 0.75.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.23. The company had revenue of $585.09 million for the quarter, compared to the consensus estimate of $585.84 million. Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.19 earnings per share. On average, research analysts anticipate that Jack Henry & Associates will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a yield of 1.27%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 39.52%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. lifted its stake in Jack Henry & Associates by 186.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 378 shares of the technology company’s stock valued at $69,000 after acquiring an additional 246 shares in the last quarter. Belpointe Asset Management LLC bought a new position in shares of Jack Henry & Associates in the 1st quarter worth $223,000. Focus Partners Wealth increased its position in shares of Jack Henry & Associates by 15.1% during the 1st quarter. Focus Partners Wealth now owns 1,387 shares of the technology company’s stock valued at $253,000 after purchasing an additional 182 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Jack Henry & Associates during the first quarter valued at about $9,430,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Jack Henry & Associates by 2.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 587,907 shares of the technology company’s stock worth $107,352,000 after purchasing an additional 15,933 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

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.