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

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have received a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $174.67.

A number of equities research analysts have weighed in on JKHY shares. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. Evercore ISI upped their price objective 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 downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, June 22nd. Robert W. Baird upped their target price on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Finally, DA Davidson reiterated a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a research note on Tuesday, April 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Campbell & CO Investment Adviser LLC increased its holdings in Jack Henry & Associates by 352.2% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 12,222 shares of the technology company’s stock valued at $1,997,000 after buying an additional 9,519 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Jack Henry & Associates by 36.6% during the fourth quarter. BNP Paribas Financial Markets now owns 121,466 shares of the technology company’s stock valued at $19,849,000 after buying an additional 32,537 shares during the last quarter. Schwartz Investment Counsel Inc. increased its holdings in Jack Henry & Associates by 14.5% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 266,350 shares of the technology company’s stock valued at $43,524,000 after buying an additional 33,700 shares during the last quarter. GLOBALT Investments LLC GA purchased a new stake in Jack Henry & Associates during the fourth quarter valued at approximately $2,634,000. Finally, Torray Investment Partners LLC increased its holdings in Jack Henry & Associates by 2.5% during the fourth quarter. Torray Investment Partners LLC now owns 8,956 shares of the technology company’s stock valued at $1,464,000 after buying an additional 221 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of JKHY opened at $166.28 on Friday. The stock has a market cap of $12.12 billion, a PE ratio of 32.10, a price-to-earnings-growth ratio of 3.79 and a beta of 0.63. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.39. Jack Henry & Associates has a fifty-two week low of $136.57 and a fifty-two week high of $178.37. The firm’s 50-day simple moving average is $165.06 and its two-hundred day simple moving average is $167.65.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.02. The business had revenue of $538.56 million for the quarter, compared to analysts’ expectations of $541.80 million. Jack Henry & Associates had a net margin of 17.28% and a return on equity of 22.18%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.12 earnings per share. Analysts anticipate that Jack Henry & Associates will post 5.19 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, May 28th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $2.20 dividend on an annualized basis and a yield of 1.32%. Jack Henry & Associates’s dividend payout ratio (DPR) is 42.47%.

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.