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

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) have received a consensus rating of “Hold” from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $180.22.

Several research firms have recently commented on JKHY. William Blair began coverage on shares of Jack Henry & Associates in a research report on Wednesday, January 11th. They set an “outperform” rating for the company. UBS Group raised shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and set a $184.00 price target for the company in a research report on Wednesday. Stephens reaffirmed an “equal weight” rating and set a $185.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, February 8th. Royal Bank of Canada reissued a “sector perform” rating and issued a $184.00 target price (down from $193.00) on shares of Jack Henry & Associates in a report on Thursday, February 9th. Finally, Robert W. Baird reduced their target price on shares of Jack Henry & Associates from $190.00 to $175.00 and set a “neutral” rating for the company in a report on Thursday, February 9th.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $146.46 on Friday. The stock has a market cap of $10.69 billion, a price-to-earnings ratio of 30.39, a PEG ratio of 3.35 and a beta of 0.64. The firm’s 50-day moving average is $170.02 and its 200 day moving average is $180.22. Jack Henry & Associates has a 1 year low of $139.28 and a 1 year high of $212.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 1.15.

Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last issued its earnings results on Wednesday, February 8th. The technology company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). Jack Henry & Associates had a return on equity of 24.81% and a net margin of 17.66%. The business had revenue of $505.30 million during the quarter, compared to analysts’ expectations of $515.47 million. During the same period last year, the firm posted $1.30 EPS. Jack Henry & Associates’s quarterly revenue was up 2.3% compared to the same quarter last year. Sell-side analysts anticipate that Jack Henry & Associates will post 4.82 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Wednesday, March 8th will be paid a $0.52 dividend. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 7th. This represents a $2.08 dividend on an annualized basis and a yield of 1.42%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 43.15%.

Insiders Place Their Bets

In other Jack Henry & Associates news, Director Laura G. Kelly bought 1,000 shares of Jack Henry & Associates stock in a transaction on Tuesday, March 14th. The shares were acquired at an average price of $145.29 per share, for a total transaction of $145,290.00. Following the completion of the purchase, the director now directly owns 16,194 shares in the company, valued at approximately $2,352,826.26. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.58% of the company’s stock.

Hedge Funds Weigh In On Jack Henry & Associates

Several institutional investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its position in Jack Henry & Associates by 22.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,853 shares of the technology company’s stock valued at $324,000 after purchasing an additional 338 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Jack Henry & Associates by 106.5% in the fourth quarter. Voya Investment Management LLC now owns 113,500 shares of the technology company’s stock worth $19,926,000 after acquiring an additional 58,536 shares in the last quarter. Natixis boosted its holdings in Jack Henry & Associates by 32.7% in the fourth quarter. Natixis now owns 9,858 shares of the technology company’s stock worth $1,731,000 after acquiring an additional 2,427 shares in the last quarter. National Pension Service boosted its holdings in Jack Henry & Associates by 6.3% in the fourth quarter. National Pension Service now owns 127,552 shares of the technology company’s stock worth $22,393,000 after acquiring an additional 7,588 shares in the last quarter. Finally, Truist Financial Corp boosted its holdings in Jack Henry & Associates by 1.8% in the fourth quarter. Truist Financial Corp now owns 39,818 shares of the technology company’s stock worth $6,990,000 after acquiring an additional 696 shares in the last quarter. Hedge funds and other institutional investors own 90.26% of the company’s stock.

Jack Henry & Associates Company Profile

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Jack Henry & Associates, Inc is a technology company, which engages in the provision of technology solutions and payment processing services primarily for financial services organizations. 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, general ledger transactions, and maintain centralized customer or member information.