Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives $189.00 Average Target Price from Analysts

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been given a consensus rating of “Hold” by the twelve brokerages that are covering the firm, MarketBeat reports. Ten investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $189.00.

Several brokerages have recently commented on JKHY. UBS Group boosted their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Oppenheimer assumed coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 target price on the stock. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Stephens reiterated an “equal weight” rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Finally, William Blair downgraded shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th.

Insider Buying and Selling

In related news, insider David B. Foss sold 18,770 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total value of $3,215,676.40. Following the completion of the transaction, the insider now directly owns 138,665 shares in the company, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.37% of the stock is owned by company insiders.

Institutional Trading of Jack Henry & Associates

A number of hedge funds have recently added to or reduced their stakes in the business. Strategic Financial Concepts LLC purchased a new position in shares of Jack Henry & Associates during the 2nd quarter worth about $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Jack Henry & Associates in the 3rd quarter valued at $26,000. Tortoise Investment Management LLC grew its stake in shares of Jack Henry & Associates by 76.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after buying an additional 71 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Jack Henry & Associates during the 3rd quarter worth $48,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Jack Henry & Associates in the 3rd quarter worth $54,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Down 1.0 %

NASDAQ:JKHY opened at $175.08 on Friday. The stock has a market capitalization of $12.77 billion, a price-to-earnings ratio of 32.07, a PEG ratio of 3.39 and a beta of 0.61. Jack Henry & Associates has a 1 year low of $157.00 and a 1 year high of $189.63. The stock has a fifty day moving average price of $177.36 and a two-hundred day moving average price of $173.21. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The business had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.39 EPS. As a group, sell-side analysts anticipate that Jack Henry & Associates will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is presently 40.29%.

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.