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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been assigned a consensus rating of “Hold” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $186.80.

JKHY has been the topic of several research analyst reports. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price on the stock. Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th.

Institutional Investors Weigh In On Jack Henry & Associates

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JKHY. WCM Investment Management LLC purchased a new stake in Jack Henry & Associates in the 3rd quarter worth $321,000. Entropy Technologies LP bought a new position in shares of Jack Henry & Associates in the third quarter worth about $301,000. GSA Capital Partners LLP grew its position in shares of Jack Henry & Associates by 95.4% during the third quarter. GSA Capital Partners LLP now owns 6,602 shares of the technology company’s stock worth $1,166,000 after purchasing an additional 3,224 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Jack Henry & Associates by 5.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 172,675 shares of the technology company’s stock valued at $30,484,000 after purchasing an additional 9,537 shares during the period. Finally, Aigen Investment Management LP bought a new stake in Jack Henry & Associates during the 3rd quarter valued at approximately $1,017,000. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $173.14 on Thursday. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. Jack Henry & Associates has a one year low of $157.00 and a one year high of $196.00. The company’s 50-day moving average is $173.74 and its 200 day moving average is $176.01.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share 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%. Sell-side analysts expect that Jack Henry & Associates will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.34%. Jack Henry & Associates’s payout ratio is 41.88%.

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.