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

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have earned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $184.10.

A number of research analysts recently issued reports on the stock. Wall Street Zen raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. 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 for the company in a report on Thursday, May 8th. The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price target on the stock in a research note on Wednesday, April 2nd. Northcoast Research cut Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. Finally, UBS Group reduced their target price on Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, May 8th.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock opened at $178.28 on Friday. Jack Henry & Associates has a fifty-two week low of $158.62 and a fifty-two week high of $196.00. The stock’s 50 day simple moving average is $177.80 and its two-hundred day simple moving average is $175.79. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market cap of $12.98 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 3.08 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.23. The company had revenue of $585.09 million for the quarter, compared to analysts’ expectations of $585.84 million. Jack Henry & Associates had a return on equity of 22.07% and a net margin of 18.50%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.19 earnings per share. As a group, analysts expect that Jack Henry & Associates will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.32 annualized dividend and a yield of 1.30%. Jack Henry & Associates’s dividend payout ratio (DPR) is 39.52%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Summit Securities Group LLC bought a new position in Jack Henry & Associates in the 1st quarter worth $26,000. National Pension Service purchased a new stake in Jack Henry & Associates in the fourth quarter worth about $27,000. Cullen Frost Bankers Inc. bought a new position in shares of Jack Henry & Associates in the first quarter worth about $38,000. Atala Financial Inc purchased a new position in shares of Jack Henry & Associates during the 4th quarter valued at about $40,000. Finally, Assetmark Inc. grew its stake in shares of Jack Henry & Associates by 147.5% during the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock valued at $46,000 after acquiring an additional 149 shares during the period. Hedge funds and other institutional investors 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.