Jack Henry & Associates (NASDAQ:JKHY) Sets New 52-Week High – Here’s What Happened

Jack Henry & Associates, Inc. (NASDAQ:JKHY) reached a new 52-week high on Tuesday . The company traded as high as $185.02 and last traded at $184.04, with a volume of 13828 shares. The stock had previously closed at $184.29.

Analyst Ratings Changes

JKHY has been the topic of a number of recent analyst reports. Oppenheimer started coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price target on the stock. Compass Point initiated coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 target price on the stock. Evercore ISI lifted their price target 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. Royal Bank of Canada restated a “sector perform” rating and set a $181.00 price objective on shares of Jack Henry & Associates in a research report on Friday, September 6th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of 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. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $184.00.

Jack Henry & Associates Price Performance

The stock’s fifty day moving average price is $173.72 and its 200-day moving average price is $168.85. The firm has a market cap of $13.54 billion, a PE ratio of 35.84, a price-to-earnings-growth ratio of 3.35 and a beta of 0.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data 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 company had revenue of $559.91 million during the quarter, compared to the consensus estimate of $563.37 million. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. During the same quarter in the prior year, the firm earned $1.34 EPS. As a group, equities analysts expect that Jack Henry & Associates, Inc. will post 5.82 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 42.47%.

Institutional Trading of Jack Henry & Associates

A number of hedge funds and other institutional investors have recently modified their holdings of JKHY. Strategic Financial Concepts LLC purchased a new stake in shares of Jack Henry & Associates in the second quarter valued at about $25,000. Tortoise Investment Management LLC grew its stake in shares of Jack Henry & Associates by 76.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after buying 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 1st quarter worth approximately $30,000. Blue Trust Inc. raised its position in shares of Jack Henry & Associates by 148.9% during the 2nd quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after buying an additional 134 shares during the period. Finally, Riverview Trust Co acquired a new position in Jack Henry & Associates in the first quarter valued at approximately $51,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Company Profile

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.