Evercore ISI Increases Jack Henry & Associates (NASDAQ:JKHY) Price Target to $172.00

Jack Henry & Associates (NASDAQ:JKHY) had its price target increased by Evercore ISI from $157.00 to $172.00 in a research report released on Tuesday, Benzinga reports. The brokerage currently has an in-line rating on the technology company’s stock.

A number of other research firms have also recently weighed in on JKHY. William Blair reaffirmed an outperform rating on shares of Jack Henry & Associates in a research report on Wednesday, February 7th. TheStreet raised shares of Jack Henry & Associates from a c+ rating to a b- rating in a research report on Friday, December 29th. Royal Bank of Canada increased their price objective on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the stock a sector perform rating in a research report on Thursday, February 8th. Wolfe Research initiated coverage on shares of Jack Henry & Associates in a research report on Thursday, March 7th. They set a peer perform rating for the company. Finally, StockNews.com cut shares of Jack Henry & Associates from a buy rating to a hold rating in a research report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $171.00.

Jack Henry & Associates Stock Up 0.9 %

Shares of NASDAQ JKHY opened at $173.73 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.15. The stock has a market cap of $12.66 billion, a PE ratio of 34.00, a P/E/G ratio of 3.90 and a beta of 0.66. The company has a 50-day moving average of $171.15 and a 200 day moving average of $160.55. Jack Henry & Associates has a 12-month low of $136.57 and a 12-month high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.12. The business had revenue of $545.70 million during the quarter, compared to the consensus estimate of $540.34 million. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 EPS. As a group, sell-side analysts predict that Jack Henry & Associates will post 5.11 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were given a dividend of $0.55 per share. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Thursday, March 7th. Jack Henry & Associates’s payout ratio is 43.05%.

Institutional Investors Weigh In On Jack Henry & Associates

Institutional investors have recently modified their holdings of the company. Planned Solutions Inc. purchased a new stake in shares of Jack Henry & Associates during the 4th quarter worth $33,000. NBC Securities Inc. purchased a new stake in shares of Jack Henry & Associates during the 3rd quarter worth $30,000. Harbour Investments Inc. lifted its position in shares of Jack Henry & Associates by 62.2% during the 4th quarter. Harbour Investments Inc. now owns 206 shares of the technology company’s stock worth $34,000 after purchasing an additional 79 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Jack Henry & Associates during the 4th quarter worth $35,000. Finally, West Tower Group LLC lifted its position in shares of Jack Henry & Associates by 602.8% during the 4th quarter. West Tower Group LLC now owns 253 shares of the technology company’s stock worth $41,000 after purchasing an additional 217 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Company Profile

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.