Jack Henry & Associates (NASDAQ:JKHY) Given New $190.00 Price Target at Keefe, Bruyette & Woods

Jack Henry & Associates (NASDAQ:JKHY) had its target price hoisted by Keefe, Bruyette & Woods from $180.00 to $190.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a market perform rating on the technology company’s stock.

Several other research analysts also recently commented on JKHY. Compass Point started coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price target on the stock. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Royal Bank of Canada restated a “sector perform” rating and set a $181.00 price objective on shares of Jack Henry & Associates in a research report on Friday, September 6th. UBS Group boosted their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Stephens restated an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $188.73.

Jack Henry & Associates Stock Performance

JKHY traded down $0.20 on Thursday, hitting $179.77. The company had a trading volume of 560,993 shares, compared to its average volume of 446,069. The company’s fifty day moving average price is $179.13 and its 200 day moving average price is $170.51. Jack Henry & Associates has a 1-year low of $146.46 and a 1-year high of $189.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $13.11 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 3.38 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02. The firm had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.39 EPS. Equities analysts predict that Jack Henry & Associates will post 5.82 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is 42.15%.

Hedge Funds Weigh In On Jack Henry & Associates

A number of institutional investors and hedge funds have recently bought and sold shares of JKHY. Principal Financial Group Inc. lifted its stake in shares of Jack Henry & Associates by 188.4% during the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock valued at $46,819,000 after acquiring an additional 184,210 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Jack Henry & Associates by 51.4% during the second quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company’s stock valued at $83,665,000 after acquiring an additional 171,041 shares during the period. TD Asset Management Inc lifted its stake in shares of Jack Henry & Associates by 25.6% during the first quarter. TD Asset Management Inc now owns 684,363 shares of the technology company’s stock valued at $118,894,000 after acquiring an additional 139,582 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Jack Henry & Associates by 6,680.1% during the second quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock valued at $19,158,000 after acquiring an additional 113,696 shares during the period. Finally, Tandem Investment Advisors Inc. lifted its stake in shares of Jack Henry & Associates by 20.4% during the second quarter. Tandem Investment Advisors Inc. now owns 502,926 shares of the technology company’s stock valued at $83,496,000 after acquiring an additional 85,175 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

About Jack Henry & Associates

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.