Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) has been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $186.00.
A number of analysts have commented on the stock. Oppenheimer raised shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and set a $206.00 target price for the company in a report on Tuesday, March 1st. DA Davidson upped their target price on shares of Jack Henry & Associates from $188.00 to $204.00 in a report on Thursday, February 10th. Royal Bank of Canada upped their target price on shares of Jack Henry & Associates from $180.00 to $190.00 in a report on Thursday, February 10th. Finally, StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Monday, May 9th.
In related news, CEO David B. Foss sold 3,247 shares of the firm’s stock in a transaction on Wednesday, March 23rd. The shares were sold at an average price of $188.08, for a total transaction of $610,695.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.
Jack Henry & Associates stock traded up $1.47 during midday trading on Monday, reaching $188.09. 434,102 shares of the company traded hands, compared to its average volume of 581,878. The firm has a market capitalization of $13.70 billion, a price-to-earnings ratio of 38.54, a price-to-earnings-growth ratio of 4.10 and a beta of 0.58. The business has a 50 day moving average of $191.20 and a two-hundred day moving average of $175.23. Jack Henry & Associates has a 12 month low of $147.50 and a 12 month high of $205.37. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47.
Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The technology company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.10. Jack Henry & Associates had a net margin of 18.81% and a return on equity of 27.04%. The company had revenue of $478.30 million for the quarter, compared to the consensus estimate of $475.52 million. During the same quarter in the prior year, the firm earned $0.95 earnings per share. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, equities analysts forecast that Jack Henry & Associates will post 4.83 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 14th. Investors of record on Friday, May 27th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, May 26th. This represents a $1.96 annualized dividend and a yield of 1.04%. Jack Henry & Associates’s payout ratio is 40.16%.
Jack Henry & Associates Company Profile (Get Rating)
Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset 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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