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

Jack Henry & Associates, Inc. (NASDAQ:JKHYGet 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.

A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of Jack Henry & Associates by 44.1% in the 1st quarter. FMR LLC now owns 317,841 shares of the technology company’s stock worth $44,097,000 after acquiring an additional 97,259 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Jack Henry & Associates by 8.7% in the 2nd quarter. Morgan Stanley now owns 299,621 shares of the technology company’s stock worth $48,991,000 after acquiring an additional 23,943 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Jack Henry & Associates by 0.5% during the 3rd quarter. Alliancebernstein L.P. now owns 105,486 shares of the technology company’s stock valued at $17,306,000 after buying an additional 570 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Jack Henry & Associates by 34.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,973 shares of the technology company’s stock valued at $816,000 after buying an additional 1,266 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in Jack Henry & Associates by 19.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,556 shares of the technology company’s stock valued at $255,000 after buying an additional 257 shares in the last quarter. Institutional investors and hedge funds own 89.58% 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:JKHYGet 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.

Featured Articles

Analyst Recommendations for Jack Henry & Associates (NASDAQ:JKHY)

Receive News & Ratings for Jack Henry & Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates and related companies with MarketBeat.com's FREE daily email newsletter.