Jack Henry & Associates, Inc. (NASDAQ:JKHY) Given Consensus Rating of “Hold” by Analysts

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been given an average rating of “Hold” by the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $189.00.

JKHY has been the topic of several recent research reports. Robert W. Baird upped their price objective on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods upped their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. Royal Bank of Canada lifted their price objective on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Oppenheimer initiated coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price target for the company.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY opened at $176.88 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $12.91 billion, a price-to-earnings ratio of 32.40, a P/E/G ratio of 3.39 and a beta of 0.61. The firm has a fifty day moving average price of $177.56 and a 200 day moving average price of $172.93. Jack Henry & Associates has a fifty-two week low of $157.00 and a fifty-two week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The firm had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.39 earnings per share. As a group, sell-side analysts expect that Jack Henry & Associates will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is currently 40.29%.

Insider Buying and Selling at Jack Henry & Associates

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the completion of the sale, the insider now directly owns 138,665 shares of the company’s stock, valued at $23,756,087.80. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Jack Henry & Associates

A number of institutional investors have recently modified their holdings of JKHY. Financial Advocates Investment Management purchased a new position in Jack Henry & Associates during the 2nd quarter worth $368,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Jack Henry & Associates by 6.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,956 shares of the technology company’s stock valued at $3,147,000 after acquiring an additional 1,151 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Jack Henry & Associates by 188.4% in the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock valued at $46,819,000 after acquiring an additional 184,210 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in Jack Henry & Associates by 2.3% in the second quarter. Crossmark Global Holdings Inc. now owns 14,678 shares of the technology company’s stock worth $2,437,000 after acquiring an additional 333 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Jack Henry & Associates by 187.4% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 17,747 shares of the technology company’s stock worth $2,946,000 after acquiring an additional 11,573 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

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.