Brokerages Set Jack Henry & Associates, Inc. (NASDAQ:JKHY) Price Target at $172.42

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has earned a consensus rating of “Hold” from the fourteen research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $172.42.

Several analysts recently commented on JKHY shares. Royal Bank of Canada boosted their price target on Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 8th. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, February 7th. TheStreet upgraded Jack Henry & Associates from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. Evercore ISI raised their price target on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 26th. Finally, StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, April 20th.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $164.88 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market cap of $12.01 billion, a PE ratio of 32.27, a P/E/G ratio of 3.87 and a beta of 0.66. The business has a 50-day simple moving average of $170.50 and a two-hundred day simple moving average of $163.14. Jack Henry & Associates has a fifty-two week low of $136.57 and a fifty-two week high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.12. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The firm had revenue of $545.70 million during the quarter, compared to the consensus estimate of $540.34 million. During the same quarter in the previous year, the company posted $1.10 earnings per share. The company’s revenue was up 8.0% compared to the same quarter last year. As a group, equities analysts expect that Jack Henry & Associates will post 5.11 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were given a $0.55 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.33%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s payout ratio is currently 43.05%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC boosted its holdings in Jack Henry & Associates by 5.4% in the first quarter. Conestoga Capital Advisors LLC now owns 158,175 shares of the technology company’s stock valued at $27,480,000 after acquiring an additional 8,065 shares during the last quarter. Mitchell & Pahl Private Wealth LLC boosted its holdings in Jack Henry & Associates by 5.4% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 4,347 shares of the technology company’s stock valued at $755,000 after acquiring an additional 223 shares during the last quarter. Strategy Asset Managers LLC boosted its holdings in Jack Henry & Associates by 8.4% in the first quarter. Strategy Asset Managers LLC now owns 1,647 shares of the technology company’s stock valued at $286,000 after acquiring an additional 127 shares during the last quarter. Simplicity Wealth LLC acquired a new position in Jack Henry & Associates in the first quarter valued at $984,000. Finally, Silver Lake Advisory LLC lifted its stake in shares of Jack Henry & Associates by 7.1% during the first quarter. Silver Lake Advisory LLC now owns 31,898 shares of the technology company’s stock worth $5,542,000 after purchasing an additional 2,109 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

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.