Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Free Report) have been assigned an average rating of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat reports. One 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 twelve-month target price among brokers that have issued ratings on the stock in the last year is $174.42.
A number of equities analysts recently commented on JKHY shares. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, May 8th. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Wednesday, June 5th. Wolfe Research assumed coverage on shares of Jack Henry & Associates in a research note on Thursday, March 7th. They issued a “peer perform” rating for the company. Evercore ISI lifted 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. Finally, Robert W. Baird increased their target price on Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the business. New Covenant Trust Company N.A. purchased a new stake in shares of Jack Henry & Associates in the 1st quarter worth $30,000. Planned Solutions Inc. bought a new position in shares of Jack Henry & Associates in the fourth quarter worth about $33,000. Anchor Investment Management LLC purchased a new stake in shares of Jack Henry & Associates during the fourth quarter worth about $35,000. VisionPoint Advisory Group LLC bought a new stake in Jack Henry & Associates during the 4th quarter valued at approximately $44,000. Finally, Riverview Trust Co purchased a new position in Jack Henry & Associates in the 1st quarter worth approximately $51,000. 98.75% of the stock is currently owned by institutional investors.
Jack Henry & Associates Price Performance
JKHY stock opened at $164.05 on Tuesday. The stock has a market capitalization of $11.96 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 4.25 and a beta of 0.62. The firm’s 50-day moving average price is $166.47 and its two-hundred day moving average price is $167.50. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. Jack Henry & Associates has a 12-month low of $136.57 and a 12-month high of $178.37.
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The company had revenue of $538.56 million for the quarter, compared to the consensus estimate of $541.80 million. During the same quarter in the previous year, the business earned $1.12 EPS. Jack Henry & Associates’s revenue was up 5.9% compared to the same quarter last year. As a group, equities analysts predict that Jack Henry & Associates will post 5.19 earnings per share for the current year.
Jack Henry & Associates Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, May 24th. Jack Henry & Associates’s dividend payout ratio (DPR) 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.