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

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have been given an average rating of “Hold” by the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $172.42.

Several research analysts have recently weighed in on the company. Evercore ISI boosted their price target on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 26th. TheStreet upgraded Jack Henry & Associates from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. Robert W. Baird boosted their price target on Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Royal Bank of Canada boosted their price target on Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 8th. Finally, Citigroup assumed coverage on Jack Henry & Associates in a research note on Thursday, January 18th. They issued a “neutral” rating and a $177.00 price target for the company.

Institutional Trading of Jack Henry & Associates

Several hedge funds have recently bought and sold shares of JKHY. NBC Securities Inc. bought a new stake in Jack Henry & Associates during the third quarter valued at about $30,000. Planned Solutions Inc. bought a new stake in Jack Henry & Associates during the fourth quarter valued at about $33,000. Harbour Investments Inc. grew its holdings in Jack Henry & Associates by 62.2% during the fourth quarter. Harbour Investments Inc. now owns 206 shares of the technology company’s stock valued at $34,000 after purchasing an additional 79 shares during the period. Anchor Investment Management LLC bought a new stake in Jack Henry & Associates during the fourth quarter valued at about $35,000. Finally, West Tower Group LLC grew its holdings in Jack Henry & Associates by 602.8% during the fourth quarter. West Tower Group LLC now owns 253 shares of the technology company’s stock valued at $41,000 after purchasing an additional 217 shares during the period. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Up 0.5 %

Shares of NASDAQ:JKHY opened at $165.60 on Monday. The stock has a fifty day simple moving average of $171.36 and a two-hundred day simple moving average of $162.74. The stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 32.41, a PEG ratio of 3.88 and a beta of 0.66. Jack Henry & Associates has a 12-month low of $136.57 and a 12-month high of $178.37. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.15.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12. The business had revenue of $545.70 million during the quarter, compared to analysts’ expectations of $540.34 million. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 earnings per share. On average, research analysts anticipate that Jack Henry & Associates will post 5.11 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were issued a $0.55 dividend. The ex-dividend date was Thursday, March 7th. This represents a $2.20 annualized dividend and a dividend yield of 1.33%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s payout ratio is presently 43.05%.

About Jack Henry & Associates

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.