Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives $171.00 Consensus Target Price from Analysts

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been given a consensus rating of “Hold” by the fifteen brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $171.00.

Several analysts recently issued reports on JKHY shares. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, February 7th. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Wednesday. Bank of America upgraded Jack Henry & Associates from a “neutral” rating to a “buy” rating and increased their target price for the stock from $167.00 to $186.00 in a research report on Wednesday, December 6th. Wolfe Research assumed coverage on Jack Henry & Associates in a research report on Thursday, March 7th. They set a “peer perform” rating for the company. Finally, Royal Bank of Canada raised their price target 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.

Hedge Funds Weigh In On Jack Henry & Associates

Institutional investors and hedge funds have recently modified their holdings of the stock. Planned Solutions Inc. bought a new stake in shares of Jack Henry & Associates during the 4th quarter worth approximately $33,000. NBC Securities Inc. bought a new stake in shares of Jack Henry & Associates during the 3rd quarter worth approximately $30,000. Harbour Investments Inc. lifted its stake in shares of Jack Henry & Associates by 62.2% during the 4th quarter. Harbour Investments Inc. now owns 206 shares of the technology company’s stock worth $34,000 after acquiring an additional 79 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of Jack Henry & Associates during the 4th quarter worth approximately $35,000. Finally, West Tower Group LLC lifted its stake in shares of Jack Henry & Associates by 602.8% during the 4th quarter. West Tower Group LLC now owns 253 shares of the technology company’s stock worth $41,000 after acquiring an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Up 0.9 %

NASDAQ JKHY opened at $173.73 on Thursday. The stock’s 50-day moving average price is $171.30 and its 200-day moving average price is $160.76. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.15. Jack Henry & Associates has a 52 week low of $136.57 and a 52 week high of $178.37. The company has a market capitalization of $12.66 billion, a P/E ratio of 34.00, a price-to-earnings-growth ratio of 4.07 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $540.34 million. During the same quarter last year, the company earned $1.10 earnings per share. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities research analysts predict that Jack Henry & Associates will post 5.11 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were issued a $0.55 dividend. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. 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 1.27%. Jack Henry & Associates’s payout ratio is 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.