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

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have received a consensus recommendation of “Hold” from the thirteen brokerages that are covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $188.73.

JKHY has been the subject of several recent research reports. Keefe, Bruyette & Woods lifted their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday. Stephens reiterated an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a research report on Wednesday. Robert W. Baird lifted their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Compass Point assumed coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price target for the company. Finally, Oppenheimer assumed coverage on Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price objective on the stock.

Institutional Trading of Jack Henry & Associates

A number of institutional investors have recently made changes to their positions in the company. Pathstone Holdings LLC boosted its stake in shares of Jack Henry & Associates by 3.7% in the third quarter. Pathstone Holdings LLC now owns 18,996 shares of the technology company’s stock worth $3,354,000 after acquiring an additional 669 shares during the last quarter. Strengthening Families & Communities LLC lifted its position in Jack Henry & Associates by 11.1% during the third quarter. Strengthening Families & Communities LLC now owns 10,117 shares of the technology company’s stock worth $1,786,000 after buying an additional 1,010 shares in the last quarter. Quest Partners LLC lifted its position in Jack Henry & Associates by 13.0% during the third quarter. Quest Partners LLC now owns 4,414 shares of the technology company’s stock worth $779,000 after buying an additional 509 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Jack Henry & Associates by 14.1% during the third quarter. Thrivent Financial for Lutherans now owns 95,093 shares of the technology company’s stock worth $16,787,000 after buying an additional 11,728 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in Jack Henry & Associates by 2.0% during the third quarter. Empowered Funds LLC now owns 4,845 shares of the technology company’s stock worth $855,000 after buying an additional 97 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Down 0.2 %

Shares of NASDAQ:JKHY opened at $179.97 on Friday. Jack Henry & Associates has a 52-week low of $146.46 and a 52-week high of $189.63. The stock has a market cap of $13.12 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 3.38 and a beta of 0.63. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $179.13 and a 200-day moving average price of $170.51.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) 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 analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the business posted $1.39 earnings per share. Equities analysts predict that Jack Henry & Associates will post 5.82 EPS for the current year.

Jack Henry & Associates Dividend Announcement

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

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.