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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been assigned an average recommendation of “Hold” from the twelve brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $186.80.

A number of equities research analysts have recently weighed in on JKHY shares. Wells Fargo & Company started coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price for the company. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods boosted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. UBS Group boosted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of JKHY. CWM LLC grew its holdings in shares of Jack Henry & Associates by 7.9% during the 3rd quarter. CWM LLC now owns 1,803 shares of the technology company’s stock worth $318,000 after acquiring an additional 132 shares during the period. Exchange Traded Concepts LLC purchased a new position in shares of Jack Henry & Associates during the 3rd quarter worth approximately $68,000. SeaCrest Wealth Management LLC purchased a new position in shares of Jack Henry & Associates during the 3rd quarter worth approximately $205,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Jack Henry & Associates by 19.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,498 shares of the technology company’s stock worth $1,500,000 after acquiring an additional 1,395 shares during the period. Finally, V Square Quantitative Management LLC grew its holdings in shares of Jack Henry & Associates by 3.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company’s stock worth $277,000 after acquiring an additional 54 shares during the period. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

JKHY opened at $171.13 on Friday. The stock has a 50-day moving average price of $173.41 and a 200-day moving average price of $174.85. Jack Henry & Associates has a 12-month low of $157.00 and a 12-month high of $189.63. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $12.48 billion, a P/E ratio of 30.89, a PEG ratio of 3.36 and a beta of 0.61.

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

Jack Henry & Associates Increases Dividend

The firm 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 dividend on an annualized basis and a yield of 1.36%. Jack Henry & Associates’s dividend payout ratio is presently 39.71%.

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.