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

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have earned an average rating of “Hold” from the thirteen brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $176.55.

Several brokerages recently commented on JKHY. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods raised their target price on Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, August 22nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $181.00 target price on shares of Jack Henry & Associates in a report on Friday, September 6th. Compass Point assumed coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 target price on the stock. Finally, Evercore ISI lifted their price objective on Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th.

Institutional Investors Weigh In On Jack Henry & Associates

Institutional investors have recently made changes to their positions in the company. Raymond James Trust N.A. boosted its position in Jack Henry & Associates by 1.3% during the 2nd quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company’s stock valued at $798,000 after purchasing an additional 60 shares during the period. Taylor Frigon Capital Management LLC boosted its position in Jack Henry & Associates by 0.8% during the 1st quarter. Taylor Frigon Capital Management LLC now owns 7,558 shares of the technology company’s stock valued at $1,313,000 after purchasing an additional 62 shares during the period. Czech National Bank boosted its position in Jack Henry & Associates by 0.5% during the 1st 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 during the period. Advisor OS LLC boosted its position in Jack Henry & Associates by 1.0% during the 2nd quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock valued at $1,100,000 after purchasing an additional 65 shares during the period. Finally, Tortoise Investment Management LLC boosted its position in Jack Henry & Associates by 76.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after purchasing an additional 71 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $174.21 on Thursday. The firm has a market capitalization of $12.70 billion, a P/E ratio of 33.63, a P/E/G ratio of 3.09 and a beta of 0.64. Jack Henry & Associates has a 1-year low of $136.57 and a 1-year high of $178.37. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00. The business’s 50-day simple moving average is $169.32 and its 200-day simple moving average is $167.81.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.08. The business had revenue of $559.91 million for the quarter, compared to analyst estimates of $563.37 million. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. During the same period in the previous year, the company posted $1.34 EPS. Equities analysts predict that Jack Henry & Associates will post 5.79 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.26%. Jack Henry & Associates’s dividend payout ratio (DPR) is 42.47%.

Jack Henry & Associates Company Profile

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.