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

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have been given a consensus recommendation of “Hold” by the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $176.55.

Several equities analysts have commented on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $181.00 target price on shares of Jack Henry & Associates in a report on Friday, September 6th. Compass Point assumed coverage on shares of Jack Henry & Associates in a research report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price objective for the company. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Evercore ISI upped their price objective on Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Finally, Keefe, Bruyette & Woods lifted their target price on 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.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $174.85 on Thursday. The firm has a 50-day moving average price of $169.85 and a two-hundred day moving average price of $167.79. Jack Henry & Associates has a 12-month low of $136.57 and a 12-month high of $178.37. The company has a market capitalization of $12.75 billion, a P/E ratio of 33.75, a P/E/G ratio of 3.09 and a beta of 0.64. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.03.

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 analysts’ expectations of $563.37 million. During the same period in the previous year, the firm earned $1.34 EPS. Analysts anticipate that Jack Henry & Associates will post 5.79 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be paid 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 is Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is currently 42.47%.

Institutional Trading of Jack Henry & Associates

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. TD Asset Management Inc increased its position in shares of Jack Henry & Associates by 327.7% during the fourth quarter. TD Asset Management Inc now owns 544,781 shares of the technology company’s stock worth $89,023,000 after buying an additional 417,401 shares during the period. APG Asset Management US Inc. bought a new position in shares of Jack Henry & Associates in the 4th quarter worth about $54,552,000. Balyasny Asset Management L.P. lifted its stake in shares of Jack Henry & Associates by 96.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 565,659 shares of the technology company’s stock valued at $92,434,000 after purchasing an additional 277,945 shares during the period. Epoch Investment Partners Inc. boosted its position in shares of Jack Henry & Associates by 250.4% during the 4th quarter. Epoch Investment Partners Inc. now owns 291,514 shares of the technology company’s stock valued at $47,636,000 after purchasing an additional 208,322 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Jack Henry & Associates by 188.4% during the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock worth $46,819,000 after purchasing an additional 184,210 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

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.