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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has earned an average recommendation of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $176.55.

Several equities research analysts have commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $181.00 price objective on shares of Jack Henry & Associates in a report on Friday, September 6th. Keefe, Bruyette & Woods raised their price objective on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the stock a “market perform” rating in a report on Thursday, August 22nd. Evercore ISI lifted their price objective on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Finally, Compass Point initiated coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price target for the company.

Jack Henry & Associates Trading Down 2.0 %

NASDAQ:JKHY opened at $170.28 on Thursday. The firm’s 50 day moving average is $169.94 and its 200 day moving average is $167.80. Jack Henry & Associates has a 12 month low of $136.57 and a 12 month high of $178.37. The stock has a market capitalization of $12.42 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 3.09 and a beta of 0.64. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03.

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

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.29%. The ex-dividend date is Friday, September 6th. Jack Henry & Associates’s payout ratio is 42.47%.

Hedge Funds Weigh In On Jack Henry & Associates

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Jack Henry & Associates by 0.5% during the first quarter. Vanguard Group Inc. now owns 8,688,433 shares of the technology company’s stock worth $1,509,441,000 after purchasing an additional 39,456 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Jack Henry & Associates by 1.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,958,305 shares of the technology company’s stock worth $657,158,000 after buying an additional 67,386 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Jack Henry & Associates by 1.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,942,887 shares of the technology company’s stock valued at $317,487,000 after buying an additional 24,910 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Jack Henry & Associates by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,056,151 shares of the technology company’s stock worth $175,342,000 after acquiring an additional 23,617 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Jack Henry & Associates by 32.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 705,582 shares of the technology company’s stock worth $115,299,000 after acquiring an additional 171,477 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.