Oppenheimer Begins Coverage on Jack Henry & Associates (NASDAQ:JKHY)

Oppenheimer started coverage on shares of Jack Henry & Associates (NASDAQ:JKHY) in a report published on Tuesday, Marketbeat Ratings reports. The firm issued an outperform rating and a $206.00 price target on the technology company’s stock.

A number of other analysts have also commented on JKHY. Evercore ISI lifted their target price on Jack Henry & Associates from $172.00 to $175.00 and gave the stock an in-line rating in a report on Tuesday, June 25th. Royal Bank of Canada reiterated a sector perform rating and set a $181.00 price objective on shares of Jack Henry & Associates in a research note on Friday, September 6th. Keefe, Bruyette & Woods raised their price target on Jack Henry & Associates from $178.00 to $180.00 and gave the company a market perform rating in a report on Thursday, August 22nd. Compass Point began coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They issued a neutral rating and a $186.00 target price on the stock. Finally, StockNews.com upgraded Jack Henry & Associates from a hold rating to a buy rating in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $180.00.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $182.14 on Tuesday. Jack Henry & Associates has a twelve month low of $136.57 and a twelve month high of $184.82. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.03. The firm’s fifty day simple moving average is $171.45 and its 200 day simple moving average is $168.17. The stock has a market cap of $13.28 billion, a P/E ratio of 35.16, a price-to-earnings-growth ratio of 3.09 and a beta of 0.64.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.08. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. The company had revenue of $559.91 million during the quarter, compared to analysts’ expectations of $563.37 million. During the same period last year, the company posted $1.34 EPS. As a group, research analysts predict that Jack Henry & Associates will post 5.82 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is currently 42.47%.

Institutional Trading of Jack Henry & Associates

A number of large investors have recently made changes to their positions in JKHY. Tortoise Investment Management LLC lifted its holdings in Jack Henry & Associates by 76.3% during the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock worth $27,000 after buying an additional 71 shares during the period. New Covenant Trust Company N.A. acquired a new stake in Jack Henry & Associates in the 1st quarter valued at $30,000. Blue Trust Inc. lifted its position in shares of Jack Henry & Associates by 148.9% in the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after acquiring an additional 134 shares in the last quarter. Riverview Trust Co purchased a new position in Jack Henry & Associates in the 1st quarter valued at $51,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Jack Henry & Associates in the second quarter valued at approximately $63,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

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.