Brokerages Set Jack Henry & Associates, Inc. (NASDAQ:JKHY) Target Price at $188.73

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has received an average rating of “Hold” from the twelve analysts that are currently covering the firm, MarketBeat reports. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $189.00.

JKHY has been the topic of several recent analyst reports. Royal Bank of Canada increased their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Robert W. Baird raised their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods upped 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 report on Thursday, November 7th. UBS Group lifted their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Stephens restated an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th.

Insider Transactions at Jack Henry & Associates

In related news, insider David B. Foss sold 18,770 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the transaction, the insider now directly owns 138,665 shares in the company, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Jack Henry & Associates

Large investors have recently bought and sold shares of the stock. Franklin Resources Inc. boosted its position in shares of Jack Henry & Associates by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 8,981 shares of the technology company’s stock valued at $1,655,000 after acquiring an additional 475 shares in the last quarter. Synovus Financial Corp lifted its stake in Jack Henry & Associates by 2.2% during the third quarter. Synovus Financial Corp now owns 16,102 shares of the technology company’s stock worth $2,843,000 after purchasing an additional 341 shares during the period. Tidal Investments LLC lifted its stake in Jack Henry & Associates by 0.8% during the third quarter. Tidal Investments LLC now owns 11,776 shares of the technology company’s stock worth $2,079,000 after purchasing an additional 92 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Jack Henry & Associates during the third quarter valued at approximately $26,000. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Jack Henry & Associates in the 3rd quarter valued at approximately $279,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Up 0.7 %

Shares of JKHY stock opened at $173.61 on Tuesday. The stock has a market cap of $12.67 billion, a P/E ratio of 31.80, a P/E/G ratio of 3.31 and a beta of 0.61. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates has a fifty-two week low of $157.00 and a fifty-two week high of $189.63. The business has a fifty day simple moving average of $179.15 and a 200-day simple moving average of $171.63.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results 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. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The company had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. During the same quarter last year, the business posted $1.39 earnings per share. Jack Henry & Associates’s revenue was up 5.2% compared to the same quarter last year. On average, analysts forecast that Jack Henry & Associates will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 40.29%.

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.