Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives $172.42 Consensus Target Price from Analysts

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been given a consensus rating of “Hold” by the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $172.42.

A number of equities research analysts have commented on JKHY shares. Evercore ISI increased their price target on Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. Robert W. Baird raised their price objective on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. TheStreet upgraded Jack Henry & Associates from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, February 7th. Finally, StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, April 20th.

Institutional Investors Weigh In On Jack Henry & Associates

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. National Bank of Canada FI grew its stake in shares of Jack Henry & Associates by 15.1% in the third quarter. National Bank of Canada FI now owns 20,045 shares of the technology company’s stock valued at $3,004,000 after buying an additional 2,636 shares in the last quarter. CWM LLC increased its position in Jack Henry & Associates by 7.8% during the 3rd quarter. CWM LLC now owns 1,945 shares of the technology company’s stock worth $294,000 after purchasing an additional 141 shares during the period. Kentucky Retirement Systems acquired a new position in Jack Henry & Associates during the 3rd quarter worth approximately $896,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Jack Henry & Associates in the 3rd quarter worth approximately $400,000. Finally, DnB Asset Management AS grew its holdings in shares of Jack Henry & Associates by 12.3% in the 3rd quarter. DnB Asset Management AS now owns 13,796 shares of the technology company’s stock worth $2,085,000 after acquiring an additional 1,510 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Trading Down 0.6 %

Shares of NASDAQ JKHY opened at $164.88 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $12.01 billion, a P/E ratio of 32.27, a price-to-earnings-growth ratio of 3.87 and a beta of 0.66. Jack Henry & Associates has a 1-year low of $136.57 and a 1-year high of $178.37. The business has a fifty day moving average price of $170.50 and a 200 day moving average price of $163.14.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The company had revenue of $545.70 million during the quarter, compared to analysts’ expectations of $540.34 million. During the same period last year, the business posted $1.10 earnings per share. The firm’s revenue was up 8.0% compared to the same quarter last year. Equities research analysts expect that Jack Henry & Associates will post 5.11 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were paid a dividend of $0.55 per share. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.20 annualized dividend and a yield of 1.33%. Jack Henry & Associates’s dividend payout ratio (DPR) is 43.05%.

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.