Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives Average Rating of “Hold” from Analysts

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $186.80.

Several brokerages have recently weighed in on JKHY. Northcoast Research lowered Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Wells Fargo & Company began coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price on the stock. Finally, William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Fortitude Family Office LLC grew its stake in shares of Jack Henry & Associates by 647.4% in the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after purchasing an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Jack Henry & Associates in the 3rd quarter valued at approximately $26,000. National Pension Service purchased a new position in shares of Jack Henry & Associates in the 4th quarter valued at approximately $27,000. ORG Partners LLC purchased a new position in shares of Jack Henry & Associates in the 4th quarter valued at approximately $35,000. Finally, Atala Financial Inc purchased a new position in shares of Jack Henry & Associates in the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $177.17 on Thursday. The stock has a 50-day simple moving average of $174.16 and a 200-day simple moving average of $176.17. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $12.92 billion, a PE ratio of 31.98, a PEG ratio of 3.36 and a beta of 0.65. Jack Henry & Associates has a 1 year low of $157.00 and a 1 year high of $196.00.

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

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.58 per share. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. This represents a $2.32 annualized dividend and a yield of 1.31%. Jack Henry & Associates’s payout ratio is 41.88%.

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.