Shares of Jack Henry & Associates (NASDAQ:JKHY) have been assigned an average recommendation of “Hold” from the nine research firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $121.33.
Several brokerages recently weighed in on JKHY. Zacks Investment Research raised Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a report on Wednesday, January 31st. ValuEngine raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Stephens restated a “hold” rating and issued a $118.00 target price on shares of Jack Henry & Associates in a research note on Tuesday, February 6th. Robert W. Baird raised their target price on Jack Henry & Associates from $114.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, DA Davidson began coverage on Jack Henry & Associates in a research note on Monday, January 22nd. They issued a “neutral” rating and a $118.00 target price for the company.
Shares of JKHY opened at $119.52 on Friday. Jack Henry & Associates has a fifty-two week low of $93.04 and a fifty-two week high of $127.31. The stock has a market capitalization of $9,287.61, a P/E ratio of 38.06, a PEG ratio of 3.24 and a beta of 0.78. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.09.
Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 23.35%. The company had revenue of $374.80 million during the quarter, compared to analyst estimates of $368.84 million. During the same quarter last year, the firm posted $0.75 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. sell-side analysts expect that Jack Henry & Associates will post 3.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Thursday, March 1st were paid a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.48 annualized dividend and a yield of 1.24%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.31. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 47.13%.
In related news, Director Thomas Hampton Jr. Wilson bought 1,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was acquired at an average price of $119.40 per share, for a total transaction of $119,400.00. Following the purchase, the director now directly owns 18,866 shares in the company, valued at $2,252,600.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mark S. Forbis sold 1,014 shares of Jack Henry & Associates stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $123.19, for a total value of $124,914.66. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Xact Kapitalforvaltning AB boosted its position in shares of Jack Henry & Associates by 14.2% during the 4th quarter. Xact Kapitalforvaltning AB now owns 7,580 shares of the technology company’s stock valued at $887,000 after acquiring an additional 945 shares during the last quarter. We Are One Seven LLC bought a new stake in shares of Jack Henry & Associates during the 4th quarter valued at about $406,000. MetLife Investment Advisors LLC bought a new stake in shares of Jack Henry & Associates during the 4th quarter valued at about $5,715,000. BB&T Securities LLC boosted its position in shares of Jack Henry & Associates by 5.9% during the 4th quarter. BB&T Securities LLC now owns 14,734 shares of the technology company’s stock valued at $1,723,000 after acquiring an additional 822 shares during the last quarter. Finally, Vident Investment Advisory LLC boosted its position in shares of Jack Henry & Associates by 47.0% during the 4th quarter. Vident Investment Advisory LLC now owns 11,829 shares of the technology company’s stock valued at $1,384,000 after acquiring an additional 3,784 shares during the last quarter. Hedge funds and other institutional investors own 88.65% of the company’s stock.
About Jack Henry & Associates
Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.
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