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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been assigned an average rating of “Hold” from the twelve research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $186.80.

Several equities analysts have commented on JKHY shares. Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target for the company. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Finally, StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $177.19 on Thursday. Jack Henry & Associates has a fifty-two week low of $157.00 and a fifty-two week high of $196.00. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 3.36 and a beta of 0.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The firm’s 50-day simple moving average is $173.98 and its 200 day simple moving average is $176.14.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. As a group, research analysts anticipate 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 paid a $0.58 dividend. The ex-dividend date is Thursday, March 6th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 1.31%. Jack Henry & Associates’s payout ratio is currently 41.88%.

Hedge Funds Weigh In On Jack Henry & Associates

Hedge funds have recently modified their holdings of the company. Fortitude Family Office LLC increased its position in shares of Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after buying an additional 123 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Jack Henry & Associates in the third quarter worth $26,000. National Pension Service bought a new position in shares of Jack Henry & Associates during the fourth quarter valued at $27,000. ORG Partners LLC bought a new position in shares of Jack Henry & Associates during the fourth quarter valued at $35,000. Finally, Atala Financial Inc purchased a new stake in Jack Henry & Associates during the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Company Profile

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.