Jack Henry & Associates (NASDAQ:JKHY) Downgraded by StockNews.com

StockNews.com lowered shares of Jack Henry & Associates (NASDAQ:JKHY) from a buy rating to a hold rating in a research report released on Saturday morning.

A number of other equities analysts have also commented on the company. Wolfe Research assumed coverage on Jack Henry & Associates in a research note on Thursday, March 7th. They issued a peer perform rating on the stock. Robert W. Baird lifted their price objective on Jack Henry & Associates from $180.00 to $186.00 and gave the stock a neutral rating in a research note on Wednesday, April 17th. William Blair reiterated an outperform rating on shares of Jack Henry & Associates in a research note on Wednesday, February 7th. TheStreet raised Jack Henry & Associates from a c+ rating to a b- rating in a report on Friday, December 29th. Finally, Royal Bank of Canada boosted their target price on Jack Henry & Associates from $161.00 to $181.00 and gave the stock a sector perform rating in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $172.42.

Jack Henry & Associates Price Performance

JKHY opened at $166.48 on Friday. Jack Henry & Associates has a 1 year low of $136.57 and a 1 year high of $178.37. The stock has a fifty day moving average price of $171.02 and a 200 day moving average price of $162.98. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.15. The stock has a market cap of $12.13 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 3.88 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.12. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The company had revenue of $545.70 million for the quarter, compared to analyst estimates of $540.34 million. During the same period last year, the company earned $1.10 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. Analysts forecast that Jack Henry & Associates will post 5.11 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were given a $0.55 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.32%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s dividend payout ratio is currently 43.05%.

Institutional Trading of Jack Henry & Associates

A number of large investors have recently made changes to their positions in the company. Silver Lake Advisory LLC boosted its stake in Jack Henry & Associates by 7.1% in the 1st quarter. Silver Lake Advisory LLC now owns 31,898 shares of the technology company’s stock worth $5,542,000 after purchasing an additional 2,109 shares during the period. Wesbanco Bank Inc. acquired a new position in Jack Henry & Associates in the 1st quarter worth $291,000. Raymond James Financial Services Advisors Inc. boosted its stake in Jack Henry & Associates by 2.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 38,230 shares of the technology company’s stock worth $6,642,000 after purchasing an additional 734 shares during the period. Outlook Wealth Advisors LLC acquired a new position in Jack Henry & Associates in the 1st quarter worth $264,000. Finally, Raymond James & Associates boosted its stake in Jack Henry & Associates by 5.3% in the 1st quarter. Raymond James & Associates now owns 585,700 shares of the technology company’s stock worth $101,754,000 after purchasing an additional 29,538 shares during the period. Institutional investors 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.