Jack Henry & Associates (NASDAQ:JKHY) Price Target Raised to $203.00

Jack Henry & Associates (NASDAQ:JKHY) had its price objective hoisted by Royal Bank of Canada from $181.00 to $203.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has a sector perform rating on the technology company’s stock.

Other equities analysts have also recently issued reports about the company. Compass Point began coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 target price for the company. Keefe, Bruyette & Woods raised their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Thursday. Stephens reaffirmed an “equal weight” rating and set a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday. UBS Group raised their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Oppenheimer started coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $188.73.

Jack Henry & Associates Trading Down 0.1 %

Shares of JKHY traded down $0.20 during trading on Thursday, reaching $179.77. 560,993 shares of the company traded hands, compared to its average volume of 482,056. The stock has a 50-day simple moving average of $179.26 and a 200-day simple moving average of $170.64. The stock has a market cap of $13.11 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 3.31 and a beta of 0.63. Jack Henry & Associates has a twelve month low of $146.46 and a twelve month high of $189.63. The company has a quick ratio of 1.00, a current ratio of 0.51 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The firm had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. During the same quarter last year, the firm earned $1.39 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts anticipate that Jack Henry & Associates will post 5.82 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were given a dividend of $0.55 per share. The ex-dividend date was Friday, September 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.22%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 40.29%.

Institutional Trading of Jack Henry & Associates

Large investors have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in shares of Jack Henry & Associates by 188.4% during the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock worth $46,819,000 after buying an additional 184,210 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Jack Henry & Associates by 51.4% during the second quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company’s stock worth $83,665,000 after purchasing an additional 171,041 shares during the period. TD Asset Management Inc grew its position in Jack Henry & Associates by 25.6% in the 1st quarter. TD Asset Management Inc now owns 684,363 shares of the technology company’s stock valued at $118,894,000 after buying an additional 139,582 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Jack Henry & Associates by 6,680.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock worth $19,158,000 after buying an additional 113,696 shares during the last quarter. Finally, Tandem Investment Advisors Inc. boosted its holdings in shares of Jack Henry & Associates by 20.4% in the second quarter. Tandem Investment Advisors Inc. now owns 502,926 shares of the technology company’s stock valued at $83,496,000 after acquiring an additional 85,175 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

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.