Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives $172.42 Average PT from Brokerages

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have received a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $172.42.

Several brokerages have recently weighed in on JKHY. Evercore ISI lifted their price target on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 26th. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, February 7th. Wolfe Research began coverage on shares of Jack Henry & Associates in a research note on Thursday, March 7th. They set a “peer perform” rating on the stock. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, April 20th. Finally, Robert W. Baird lifted their price target on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th.

Jack Henry & Associates Trading Down 0.6 %

Shares of JKHY stock opened at $164.88 on Monday. Jack Henry & Associates has a 12-month low of $136.57 and a 12-month high of $178.37. 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 firm’s 50 day moving average is $170.50 and its 200 day moving average is $163.35. The stock has a market capitalization of $12.01 billion, a P/E ratio of 32.27, a P/E/G ratio of 3.87 and a beta of 0.66.

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

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were paid a $0.55 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.20 annualized dividend and a yield of 1.33%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s payout ratio is presently 43.05%.

Institutional Trading of Jack Henry & Associates

Hedge funds have recently bought and sold shares of the stock. Planned Solutions Inc. purchased a new stake in Jack Henry & Associates in the 4th quarter worth $33,000. NBC Securities Inc. purchased a new stake in Jack Henry & Associates in the 3rd quarter worth $30,000. Anchor Investment Management LLC purchased a new stake in Jack Henry & Associates in the 4th quarter worth $35,000. VisionPoint Advisory Group LLC purchased a new stake in Jack Henry & Associates in the 4th quarter worth $44,000. Finally, Riverview Trust Co purchased a new stake in Jack Henry & Associates in the 1st quarter worth $51,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

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.