Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHYGet Rating) have received a consensus rating of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $186.50.

Several brokerages have commented on JKHY. Morgan Stanley began coverage on Jack Henry & Associates in a research note on Wednesday, June 15th. They set an “equal weight” rating and a $190.00 target price on the stock. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Thursday, July 21st.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock opened at $211.07 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $15.38 billion, a P/E ratio of 43.25, a PEG ratio of 4.48 and a beta of 0.63. The stock’s 50 day moving average is $188.38 and its 200 day moving average is $184.55. Jack Henry & Associates has a twelve month low of $147.50 and a twelve month high of $211.31.

Jack Henry & Associates (NASDAQ:JKHYGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The technology company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.10. The company had revenue of $478.30 million for the quarter, compared to the consensus estimate of $475.52 million. Jack Henry & Associates had a return on equity of 27.04% and a net margin of 18.81%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 EPS. On average, equities research analysts predict that Jack Henry & Associates will post 4.72 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 14th. Stockholders of record on Friday, May 27th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, May 26th. This represents a $1.96 annualized dividend and a dividend yield of 0.93%. Jack Henry & Associates’s payout ratio is 40.16%.

Hedge Funds Weigh In On Jack Henry & Associates

Several hedge funds and other institutional investors have recently modified their holdings of the company. Xponance Inc. raised its holdings in Jack Henry & Associates by 0.8% in the 1st quarter. Xponance Inc. now owns 6,808 shares of the technology company’s stock worth $1,342,000 after purchasing an additional 52 shares during the period. Bridgewater Advisors Inc. raised its holdings in Jack Henry & Associates by 2.3% in the 1st quarter. Bridgewater Advisors Inc. now owns 2,447 shares of the technology company’s stock worth $482,000 after purchasing an additional 54 shares during the period. Johnson Financial Group Inc. raised its holdings in Jack Henry & Associates by 1.6% in the 4th quarter. Johnson Financial Group Inc. now owns 3,749 shares of the technology company’s stock worth $626,000 after purchasing an additional 59 shares during the period. Lipe & Dalton raised its holdings in Jack Henry & Associates by 0.3% in the 2nd quarter. Lipe & Dalton now owns 21,065 shares of the technology company’s stock worth $3,792,000 after purchasing an additional 60 shares during the period. Finally, Raymond James Trust N.A. raised its holdings in Jack Henry & Associates by 1.8% during the second quarter. Raymond James Trust N.A. now owns 3,526 shares of the technology company’s stock valued at $635,000 after acquiring an additional 61 shares during the period. 89.58% of the stock is owned by institutional investors.

Jack Henry & Associates Company Profile

(Get Rating)

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

Further Reading

Analyst Recommendations for Jack Henry & Associates (NASDAQ:JKHY)

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