Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives Consensus Rating of “Hold” from Brokerages

Jack Henry & Associates, Inc. (NASDAQ:JKHYGet Free Report) has earned a consensus recommendation of “Hold” from the fourteen analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $174.67.

A number of equities research analysts have commented on JKHY shares. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, May 8th. Evercore ISI lifted their price objective on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, June 22nd. Robert W. Baird lifted their price objective on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Finally, DA Davidson reiterated a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a research report on Tuesday, April 30th.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. New Covenant Trust Company N.A. purchased a new position in Jack Henry & Associates during the first quarter worth $30,000. Planned Solutions Inc. purchased a new position in Jack Henry & Associates during the fourth quarter worth $33,000. Anchor Investment Management LLC purchased a new position in Jack Henry & Associates during the fourth quarter worth $35,000. VisionPoint Advisory Group LLC purchased a new position in Jack Henry & Associates during the fourth quarter worth $44,000. Finally, Riverview Trust Co purchased a new position in Jack Henry & Associates during the first quarter worth $51,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

NASDAQ JKHY opened at $160.87 on Friday. Jack Henry & Associates has a 12 month low of $136.57 and a 12 month high of $178.37. The stock has a market cap of $11.73 billion, a price-to-earnings ratio of 31.06, a PEG ratio of 3.87 and a beta of 0.63. The company’s 50 day moving average is $164.99 and its two-hundred day moving average is $167.67. 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 (NASDAQ:JKHYGet Free Report) last released its earnings results on Tuesday, May 7th. The technology company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.02. Jack Henry & Associates had a net margin of 17.28% and a return on equity of 22.18%. The company had revenue of $538.56 million for the quarter, compared to analysts’ expectations of $541.80 million. During the same quarter last year, the business earned $1.12 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. As a group, research analysts anticipate that Jack Henry & Associates will post 5.19 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, May 28th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.37%. The ex-dividend date was Friday, May 24th. Jack Henry & Associates’s payout ratio is 42.47%.

About Jack Henry & Associates

(Get Free Report

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.

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Analyst Recommendations for Jack Henry & Associates (NASDAQ:JKHY)

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