Jack Henry & Associates (NASDAQ:JKHY) Receives Outperform Rating from William Blair

William Blair restated their outperform rating on shares of Jack Henry & Associates (NASDAQ:JKHY) in a research note issued to investors on Tuesday,RTT News reports.

Several other analysts have also recently issued reports on JKHY. Stephens restated an “equal weight” rating and set a $170.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Royal Bank of Canada upped their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods upped their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report 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, UBS Group upped their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Jack Henry & Associates presently has a consensus rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Stock Up 0.7 %

JKHY opened at $167.61 on Tuesday. The firm has a 50-day simple moving average of $174.24 and a two-hundred day simple moving average of $174.85. Jack Henry & Associates has a 52 week low of $157.00 and a 52 week high of $189.63. The company has a market capitalization of $12.23 billion, a PE ratio of 30.26, a price-to-earnings-growth ratio of 3.46 and a beta of 0.61. The company has a quick ratio of 1.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Analysts forecast that Jack Henry & Associates will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Thursday, March 6th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s payout ratio is currently 39.71%.

Institutional Trading of Jack Henry & Associates

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Jack Henry & Associates by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company’s stock valued at $1,544,634,000 after acquiring an additional 157,360 shares in the last quarter. State Street Corp raised its stake in shares of Jack Henry & Associates by 1.7% during the third quarter. State Street Corp now owns 3,976,658 shares of the technology company’s stock valued at $702,039,000 after acquiring an additional 67,716 shares in the last quarter. Invesco Ltd. raised its stake in shares of Jack Henry & Associates by 29.9% during the fourth quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company’s stock valued at $359,523,000 after acquiring an additional 471,507 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Jack Henry & Associates by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,990,506 shares of the technology company’s stock valued at $349,796,000 after acquiring an additional 24,709 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Jack Henry & Associates by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after acquiring an additional 131,515 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

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.