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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been assigned an average recommendation of “Hold” from the twelve research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $186.80.

Several equities analysts have weighed in on JKHY shares. William Blair downgraded shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Stephens reaffirmed an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target on the stock. Keefe, Bruyette & Woods lifted 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 report on Thursday, November 7th. Finally, UBS Group lifted their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th.

Insider Buying and Selling

In related news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction on 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 sale, the insider now owns 138,665 shares in the company, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jack Henry & Associates

Large investors have recently bought and sold shares of the business. Fortitude Family Office LLC increased its position in Jack Henry & Associates by 647.4% in the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock worth $25,000 after purchasing an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Jack Henry & Associates during the third quarter valued at $26,000. National Pension Service bought a new position in Jack Henry & Associates during the fourth quarter valued at $27,000. ORG Partners LLC bought a new position in Jack Henry & Associates during the fourth quarter valued at $35,000. Finally, Atala Financial Inc bought a new position in Jack Henry & Associates during the fourth quarter valued at $40,000. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

JKHY opened at $166.47 on Friday. The company has a current ratio of 3.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. The company has a market cap of $12.15 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 3.46 and a beta of 0.61. The company’s 50 day moving average is $174.41 and its 200 day moving average is $174.85. Jack Henry & Associates has a 12-month low of $157.00 and a 12-month high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. On average, equities research analysts predict that Jack Henry & Associates will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.39%. The ex-dividend date is Thursday, March 6th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s payout ratio is currently 39.71%.

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.