Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives $174.42 Consensus PT from Analysts

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has received a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $174.42.

Several equities analysts have recently issued reports on the company. DA Davidson restated a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, May 8th. Wolfe Research initiated coverage on Jack Henry & Associates in a research report on Thursday, March 7th. They issued a “peer perform” rating for the company. Royal Bank of Canada boosted their price objective on Jack Henry & Associates from $161.00 to $181.00 and gave the company a “sector perform” rating in a research report on Thursday, February 8th. Finally, Evercore ISI boosted their price objective on Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a research report on Tuesday, March 26th.

Institutional Investors Weigh In On Jack Henry & Associates

Hedge funds have recently added to or reduced their stakes in the business. New Covenant Trust Company N.A. acquired a new stake in Jack Henry & Associates during the 1st quarter valued at $30,000. Planned Solutions Inc. acquired a new stake in Jack Henry & Associates during the 4th quarter valued at $33,000. NBC Securities Inc. acquired a new stake in Jack Henry & Associates during the 3rd quarter valued at $30,000. Anchor Investment Management LLC acquired a new stake in Jack Henry & Associates during the 4th quarter valued at $35,000. Finally, VisionPoint Advisory Group LLC acquired a new stake in Jack Henry & Associates during the 4th quarter valued at $44,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY opened at $168.33 on Friday. The stock has a market capitalization of $12.27 billion, a P/E ratio of 32.50, a P/E/G ratio of 4.36 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 company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $168.01 and a two-hundred day moving average price of $166.16.

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 the consensus estimate of $1.17 by $0.02. The firm had revenue of $538.56 million during the quarter, compared to analysts’ expectations of $541.80 million. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.12 EPS. Equities analysts predict that Jack Henry & Associates will post 5.2 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, May 24th. Jack Henry & Associates’s payout ratio is presently 42.47%.

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.