Jack Henry & Associates (NASDAQ:JKHY) Upgraded by The Goldman Sachs Group to “Neutral” Rating

The Goldman Sachs Group upgraded shares of Jack Henry & Associates (NASDAQ:JKHY) from a sell rating to a neutral rating in a research report sent to investors on Wednesday, Marketbeat Ratings reports. They currently have $183.00 price target on the technology company’s stock.

JKHY has been the subject of a number of other reports. Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective for the company. Finally, William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $186.45.

Jack Henry & Associates Stock Up 0.0 %

Jack Henry & Associates stock opened at $184.11 on Wednesday. The stock’s 50 day moving average price is $175.24 and its 200 day moving average price is $176.49. Jack Henry & Associates has a 1-year low of $157.00 and a 1-year high of $196.00. The company has a market cap of $13.42 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. On average, sell-side analysts predict that Jack Henry & Associates will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.26%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date was Thursday, March 6th. Jack Henry & Associates’s payout ratio is 41.88%.

Institutional Trading of Jack Henry & Associates

A number of large investors have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its holdings in Jack Henry & Associates by 17.2% in the 4th quarter. Wellington Management Group LLP now owns 2,886 shares of the technology company’s stock valued at $506,000 after purchasing an additional 423 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of Jack Henry & Associates by 30.0% during the fourth quarter. California State Teachers Retirement System now owns 136,636 shares of the technology company’s stock valued at $23,952,000 after buying an additional 31,536 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Jack Henry & Associates by 40.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,964 shares of the technology company’s stock worth $1,747,000 after acquiring an additional 2,888 shares during the last quarter. Smith Shellnut Wilson LLC ADV grew its stake in Jack Henry & Associates by 1.1% in the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company’s stock worth $1,238,000 after acquiring an additional 77 shares during the period. Finally, Siemens Fonds Invest GmbH raised its holdings in Jack Henry & Associates by 569.0% in the 4th quarter. Siemens Fonds Invest GmbH now owns 8,041 shares of the technology company’s stock valued at $1,410,000 after acquiring an additional 6,839 shares during the last quarter. Institutional investors and hedge funds 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.