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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has earned a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $188.73.

Several analysts have recently commented on JKHY shares. William Blair cut shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Stephens reaffirmed an “equal weight” rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Compass Point started coverage on shares of Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price objective on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada raised their price objective on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th.

Institutional Investors Weigh In On Jack Henry & Associates

Several hedge funds have recently bought and sold shares of the company. Strategic Financial Concepts LLC acquired a new stake in shares of Jack Henry & Associates during the second quarter worth $25,000. Tortoise Investment Management LLC raised its holdings in shares of Jack Henry & Associates by 76.3% during the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock worth $27,000 after acquiring an additional 71 shares during the period. New Covenant Trust Company N.A. acquired a new stake in shares of Jack Henry & Associates during the first quarter worth $30,000. Blue Trust Inc. raised its holdings in shares of Jack Henry & Associates by 148.9% during the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock worth $39,000 after acquiring an additional 134 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Jack Henry & Associates during the third quarter worth $48,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $172.45 on Friday. Jack Henry & Associates has a 1-year low of $151.05 and a 1-year high of $189.63. The company has a current ratio of 1.11, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average price is $179.40 and its two-hundred day moving average price is $170.87. The stock has a market capitalization of $12.58 billion, a price-to-earnings ratio of 31.58, a P/E/G ratio of 3.34 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The business had revenue of $600.98 million for the quarter, compared to analysts’ expectations of $599.56 million. During the same period in the prior year, the firm earned $1.39 earnings per share. Jack Henry & Associates’s revenue was up 5.2% compared to the same quarter last year. On average, equities analysts predict 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 announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued a $0.55 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.20 annualized dividend and a yield of 1.28%. Jack Henry & Associates’s dividend payout ratio (DPR) 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.