Jack Henry & Associates, Inc. (JKHY) Receives $133.83 Consensus PT from Brokerages

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Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have earned an average recommendation of “Hold” from the ten research firms that are presently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $133.83.

JKHY has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 23rd. Cantor Fitzgerald reiterated a “buy” rating and issued a $141.00 target price on shares of Jack Henry & Associates in a research note on Tuesday, August 21st. Wells Fargo & Co increased their target price on shares of Jack Henry & Associates from $110.00 to $160.00 and gave the stock a “market perform” rating in a research note on Thursday, August 23rd. BidaskClub upgraded shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 10th. Finally, Robert W. Baird increased their target price on shares of Jack Henry & Associates from $128.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, July 16th.

NASDAQ JKHY traded up $2.76 on Friday, hitting $150.08. The stock had a trading volume of 451,119 shares, compared to its average volume of 370,075. Jack Henry & Associates has a 52-week low of $104.06 and a 52-week high of $163.68. The stock has a market capitalization of $12.35 billion, a PE ratio of 41.81, a P/E/G ratio of 3.63 and a beta of 0.92.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, August 21st. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.15. Jack Henry & Associates had a net margin of 24.51% and a return on equity of 23.72%. The business had revenue of $417.20 million for the quarter, compared to analysts’ expectations of $407.57 million. During the same period in the prior year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, analysts forecast that Jack Henry & Associates will post 4.01 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 2nd. Stockholders of record on Tuesday, September 11th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Monday, September 10th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 41.23%.

In other news, Director John F. Prim sold 6,329 shares of the firm’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $157.40, for a total transaction of $996,184.60. Following the sale, the director now owns 206,318 shares in the company, valued at approximately $32,474,453.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.78% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Bank of Montreal Can raised its position in shares of Jack Henry & Associates by 31.7% during the 3rd quarter. Bank of Montreal Can now owns 50,508 shares of the technology company’s stock valued at $8,085,000 after buying an additional 12,155 shares in the last quarter. Lourd Capital LLC purchased a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at $396,000. Daiwa SB Investments Ltd. purchased a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at $194,000. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at $441,000. Finally, Smith Shellnut Wilson LLC ADV purchased a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at $2,266,000. Hedge funds and other institutional investors own 88.04% of the company’s stock.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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Analyst Recommendations for Jack Henry & Associates (NASDAQ:JKHY)

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