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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has received an average rating of “Hold” from the thirteen brokerages that are currently covering the company, MarketBeat reports. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $188.73.

JKHY has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. Compass Point started coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price target for the company. Royal Bank of Canada raised their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Robert W. Baird lifted their price objective on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Oppenheimer assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 target price for the company.

Jack Henry & Associates Stock Up 0.0 %

JKHY stock opened at $177.11 on Friday. The company has a market cap of $12.91 billion, a price-to-earnings ratio of 32.46, a P/E/G ratio of 3.37 and a beta of 0.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 0.51. The business’s 50-day moving average is $179.34 and its two-hundred day moving average is $170.76. Jack Henry & Associates has a fifty-two week low of $146.46 and a fifty-two week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02. The firm had revenue of $600.98 million for the quarter, compared to analysts’ expectations of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.39 EPS. As a group, analysts forecast that Jack Henry & Associates will post 5.8 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.24%. The ex-dividend date was Friday, September 6th. Jack Henry & Associates’s payout ratio is currently 40.29%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Daiwa Securities Group Inc. boosted its stake in Jack Henry & Associates by 13.0% during the third quarter. Daiwa Securities Group Inc. now owns 8,953 shares of the technology company’s stock valued at $1,581,000 after buying an additional 1,031 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Jack Henry & Associates by 29.0% during the 3rd quarter. Cerity Partners LLC now owns 6,236 shares of the technology company’s stock worth $1,101,000 after acquiring an additional 1,403 shares in the last quarter. Icon Wealth Advisors LLC boosted its position in shares of Jack Henry & Associates by 394.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 5,514 shares of the technology company’s stock valued at $973,000 after acquiring an additional 4,399 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Jack Henry & Associates by 0.5% in the third quarter. Citigroup Inc. now owns 124,308 shares of the technology company’s stock valued at $21,945,000 after purchasing an additional 611 shares in the last quarter. Finally, Raymond James Trust N.A. increased its position in Jack Henry & Associates by 7.1% in the third quarter. Raymond James Trust N.A. now owns 5,146 shares of the technology company’s stock worth $908,000 after purchasing an additional 342 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

About Jack Henry & Associates

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.