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

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have earned an average rating of “Hold” from the fifteen research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $171.00.

JKHY has been the topic of a number of research reports. Royal Bank of Canada upped their target price on Jack Henry & Associates from $161.00 to $181.00 and gave the company a “sector perform” rating in a report on Thursday, February 8th. Citigroup began coverage on Jack Henry & Associates in a report on Thursday, January 18th. They issued a “neutral” rating and a $177.00 price objective on the stock. Evercore ISI increased their price objective on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a report on Tuesday. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Robert W. Baird reiterated a “neutral” rating and set a $176.00 price target on shares of Jack Henry & Associates in a report on Tuesday, January 30th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Jack Henry & Associates by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 8,648,977 shares of the technology company’s stock valued at $1,413,329,000 after buying an additional 29,182 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Jack Henry & Associates by 1.3% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,742,546 shares of the technology company’s stock valued at $565,648,000 after buying an additional 46,534 shares during the last quarter. State Street Corp raised its holdings in shares of Jack Henry & Associates by 0.6% in the second quarter. State Street Corp now owns 3,223,752 shares of the technology company’s stock valued at $539,430,000 after buying an additional 19,148 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Jack Henry & Associates by 1.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,942,887 shares of the technology company’s stock valued at $317,487,000 after buying an additional 24,910 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Jack Henry & Associates by 19.1% in the first quarter. JPMorgan Chase & Co. now owns 1,900,968 shares of the technology company’s stock valued at $286,513,000 after buying an additional 304,400 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Price Performance

JKHY stock opened at $172.26 on Thursday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.15. Jack Henry & Associates has a one year low of $136.57 and a one year high of $178.37. The firm has a market capitalization of $12.55 billion, a PE ratio of 33.71, a P/E/G ratio of 3.89 and a beta of 0.66. The firm has a 50-day moving average of $170.99 and a two-hundred day moving average of $160.45.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12. The company had revenue of $545.70 million for the quarter, compared to the consensus estimate of $540.34 million. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 EPS. On average, analysts forecast that Jack Henry & Associates will post 5.11 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were paid a dividend of $0.55 per share. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 annualized dividend and a yield of 1.28%. The ex-dividend date was Thursday, March 7th. Jack Henry & Associates’s dividend payout ratio is currently 43.05%.

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.