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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been given a consensus rating of “Hold” by the eleven research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $185.11.

A number of equities analysts have recently weighed in on JKHY shares. Keefe, Bruyette & Woods cut their price objective on shares of Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating for the company in a research report on Thursday, May 8th. The Goldman Sachs Group upgraded Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 target price on the stock in a research report on Wednesday, April 2nd. UBS Group dropped their price objective on shares of Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Finally, Wall Street Zen upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Sunday.

Jack Henry & Associates Trading Down 0.7%

NASDAQ:JKHY opened at $175.02 on Wednesday. The company has a market capitalization of $12.74 billion, a PE ratio of 29.82 and a beta of 0.72. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.04. Jack Henry & Associates has a 52-week low of $160.23 and a 52-week high of $196.00. The stock has a fifty day simple moving average of $180.24 and a 200-day simple moving average of $176.11.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.23. The firm had revenue of $585.09 million for the quarter, compared to analysts’ expectations of $585.84 million. Jack Henry & Associates had a return on equity of 22.07% and a net margin of 18.50%. Jack Henry & Associates’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.19 EPS. On average, equities research analysts expect that Jack Henry & Associates will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, May 29th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 39.52%.

Institutional Investors Weigh In On Jack Henry & Associates

Several large investors have recently made changes to their positions in JKHY. Commonwealth Equity Services LLC grew its position in Jack Henry & Associates by 1.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 9,202 shares of the technology company’s stock valued at $1,613,000 after acquiring an additional 173 shares in the last quarter. Parallel Advisors LLC grew its position in Jack Henry & Associates by 33.6% in the fourth quarter. Parallel Advisors LLC now owns 4,255 shares of the technology company’s stock valued at $746,000 after acquiring an additional 1,070 shares in the last quarter. Signaturefd LLC grew its position in Jack Henry & Associates by 41.4% in the fourth quarter. Signaturefd LLC now owns 1,541 shares of the technology company’s stock valued at $270,000 after acquiring an additional 451 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Jack Henry & Associates by 110.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 200,093 shares of the technology company’s stock valued at $35,080,000 after acquiring an additional 105,000 shares in the last quarter. Finally, Generali Asset Management SPA SGR acquired a new stake in Jack Henry & Associates in the fourth quarter valued at approximately $3,140,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Company Profile

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