Compass Point Initiates Coverage on Jack Henry & Associates (NASDAQ:JKHY)

Compass Point initiated coverage on shares of Jack Henry & Associates (NASDAQ:JKHY) in a report issued on Wednesday, MarketBeat reports. The brokerage issued a neutral rating and a $186.00 price target on the technology company’s stock.

A number of other equities research analysts have also commented on JKHY. Keefe, Bruyette & Woods raised their price objective on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the stock a market perform rating in a report on Thursday, August 22nd. StockNews.com raised Jack Henry & Associates from a hold rating to a buy rating in a research note on Thursday, August 15th. Evercore ISI upped their price objective on Jack Henry & Associates from $172.00 to $175.00 and gave the stock an in-line rating in a research report on Tuesday, June 25th. Finally, William Blair reiterated an outperform rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Jack Henry & Associates has a consensus rating of Hold and an average price target of $177.25.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $169.64 on Wednesday. Jack Henry & Associates has a 12 month low of $136.57 and a 12 month high of $178.37. The company has a current ratio of 1.00, a quick ratio of 1.39 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $12.37 billion, a PE ratio of 32.75, a PEG ratio of 3.07 and a beta of 0.64. The stock’s fifty day simple moving average is $167.45 and its 200 day simple moving average is $167.78.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.08. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. The business had revenue of $559.91 million for the quarter, compared to analysts’ expectations of $563.37 million. During the same quarter in the previous year, the business posted $1.34 EPS. On average, research analysts predict that Jack Henry & Associates will post 5.79 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.30%. Jack Henry & Associates’s dividend payout ratio is presently 42.47%.

Institutional Investors Weigh In On Jack Henry & Associates

Several hedge funds have recently bought and sold shares of JKHY. Vanguard Group Inc. increased its position in Jack Henry & Associates by 0.5% during the first quarter. Vanguard Group Inc. now owns 8,688,433 shares of the technology company’s stock worth $1,509,441,000 after buying an additional 39,456 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Jack Henry & Associates by 1.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,958,305 shares of the technology company’s stock worth $657,158,000 after acquiring an additional 67,386 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in Jack Henry & Associates by 1.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,942,887 shares of the technology company’s stock valued at $317,487,000 after acquiring an additional 24,910 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Jack Henry & Associates by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,056,151 shares of the technology company’s stock valued at $175,342,000 after purchasing an additional 23,617 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Jack Henry & Associates by 32.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 705,582 shares of the technology company’s stock worth $115,299,000 after purchasing an additional 171,477 shares during the period. 98.75% of the stock is currently 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.