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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has earned an average recommendation of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $185.30.

A number of equities research analysts recently issued reports on the company. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price objective for the company in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company started coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price on the stock.

Jack Henry & Associates Stock Down 0.1 %

Jack Henry & Associates stock opened at $172.12 on Friday. The firm has a 50 day moving average price of $175.12 and a 200-day moving average price of $175.18. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates has a twelve month low of $157.00 and a twelve month high of $196.00. The company has a market capitalization of $12.55 billion, a P/E ratio of 31.07, a P/E/G ratio of 3.36 and a beta of 0.75.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.16. Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. The business had revenue of $585.09 million during the quarter, compared to analyst estimates of $585.84 million. During the same period in the prior year, the company earned $1.19 earnings per share. Jack Henry & Associates’s revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that Jack Henry & Associates will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were issued a $0.58 dividend. The ex-dividend date was Thursday, March 6th. This represents a $2.32 annualized dividend and a dividend yield of 1.35%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 41.88%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of JKHY. Assetmark Inc. raised its stake in Jack Henry & Associates by 147.5% in the first quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock valued at $46,000 after purchasing an additional 149 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Jack Henry & Associates by 6.8% during the 1st quarter. Cetera Investment Advisers now owns 20,885 shares of the technology company’s stock valued at $3,814,000 after buying an additional 1,333 shares in the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Jack Henry & Associates by 4.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 5,169 shares of the technology company’s stock worth $944,000 after acquiring an additional 228 shares during the last quarter. Venturi Wealth Management LLC grew its position in Jack Henry & Associates by 17.7% in the first quarter. Venturi Wealth Management LLC now owns 2,457 shares of the technology company’s stock worth $449,000 after acquiring an additional 369 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its position in Jack Henry & Associates by 2.1% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,115 shares of the technology company’s stock worth $569,000 after acquiring an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.