Jack Henry & Associates (NASDAQ:JKHY) Price Target Raised to $195.00

Jack Henry & Associates (NASDAQ:JKHY) had its target price hoisted by Robert W. Baird from $186.00 to $195.00 in a report published on Thursday, Marketbeat reports. The brokerage currently has a neutral rating on the technology company’s stock.

A number of other equities analysts also recently commented on JKHY. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $181.00 price objective on shares of Jack Henry & Associates in a report on Friday, September 6th. Keefe, Bruyette & Woods boosted their price objective on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a research report on Thursday, August 22nd. Evercore ISI raised their target price on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Finally, Oppenheimer initiated coverage on Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $184.90.

Jack Henry & Associates Price Performance

JKHY opened at $186.12 on Thursday. The company has a market capitalization of $13.57 billion, a P/E ratio of 35.93, a PEG ratio of 3.35 and a beta of 0.64. The company has a 50-day moving average of $174.49 and a 200-day moving average of $169.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00. Jack Henry & Associates has a 1-year low of $136.57 and a 1-year high of $186.93.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.08. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. The firm had revenue of $559.91 million during the quarter, compared to analyst estimates of $563.37 million. During the same period in the previous year, the company earned $1.34 earnings per share. Equities analysts expect that Jack Henry & Associates will post 5.82 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were given a $0.55 dividend. The ex-dividend date was Friday, September 6th. This represents a $2.20 dividend on an annualized basis and a yield of 1.18%. Jack Henry & Associates’s dividend payout ratio is presently 42.47%.

Institutional Trading of Jack Henry & Associates

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. raised its holdings in 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 worth $19,158,000 after purchasing an additional 113,696 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in shares of Jack Henry & Associates by 3.0% in the second quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company’s stock valued at $35,318,000 after buying an additional 6,173 shares during the period. Norden Group LLC bought a new position in Jack Henry & Associates during the first quarter valued at about $1,411,000. State Board of Administration of Florida Retirement System grew its holdings in Jack Henry & Associates by 4.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 91,114 shares of the technology company’s stock worth $15,829,000 after acquiring an additional 4,252 shares during the period. Finally, Epoch Investment Partners Inc. raised its position in Jack Henry & Associates by 23.3% in the first quarter. Epoch Investment Partners Inc. now owns 359,330 shares of the technology company’s stock worth $62,426,000 after acquiring an additional 67,816 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

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.