Jack Henry & Associates (NASDAQ:JKHY) Price Target Increased to $195.00 by Analysts at Robert W. Baird

Jack Henry & Associates (NASDAQ:JKHY) had its price objective boosted by Robert W. Baird from $186.00 to $195.00 in a research note issued to investors on Thursday, Marketbeat.com reports. They currently have a neutral rating on the technology company’s stock.

Other equities analysts have also recently issued research reports about the company. Oppenheimer assumed coverage on Jack Henry & Associates in a report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price target for the company. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Compass Point initiated coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price target for the company. Keefe, Bruyette & Woods upped their price objective on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, August 22nd. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $181.00 target price on shares of Jack Henry & Associates in a research note on Friday, September 6th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $187.11.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY opened at $186.12 on Thursday. The stock has a market capitalization of $13.57 billion, a PE ratio of 35.93, a price-to-earnings-growth ratio of 3.35 and a beta of 0.64. Jack Henry & Associates has a 52 week low of $136.57 and a 52 week high of $186.93. The stock has a 50 day moving average price of $174.49 and a 200 day moving average price of $169.06. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.08. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. The business had revenue of $559.91 million for the quarter, compared to the consensus estimate of $563.37 million. During the same period in the previous year, the company earned $1.34 earnings per share. Analysts predict that Jack Henry & Associates will post 5.82 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were given a $0.55 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.18%. Jack Henry & Associates’s payout ratio is 42.47%.

Institutional Trading of Jack Henry & Associates

Several large investors have recently modified their holdings of the stock. V Square Quantitative Management LLC lifted its position in Jack Henry & Associates by 3.6% during the third quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company’s stock worth $277,000 after purchasing an additional 54 shares during the period. Raymond James Trust N.A. increased its stake in Jack Henry & Associates by 1.3% in the second quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company’s stock valued at $798,000 after acquiring an additional 60 shares during the last quarter. Taylor Frigon Capital Management LLC increased its stake in Jack Henry & Associates by 0.8% in the first quarter. Taylor Frigon Capital Management LLC now owns 7,558 shares of the technology company’s stock valued at $1,313,000 after acquiring an additional 62 shares during the last quarter. Czech National Bank raised its position in Jack Henry & Associates by 0.5% during the first quarter. Czech National Bank now owns 12,821 shares of the technology company’s stock valued at $2,227,000 after purchasing an additional 65 shares in the last quarter. Finally, Advisor OS LLC lifted its stake in Jack Henry & Associates by 1.0% during the second quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock worth $1,100,000 after purchasing an additional 65 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

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.