Compass Point Begins Coverage on Jack Henry & Associates (NASDAQ:JKHY)

Compass Point initiated coverage on shares of Jack Henry & Associates (NASDAQ:JKHY) in a research report sent to investors on Wednesday, MarketBeat reports. The firm issued a neutral rating and a $186.00 price objective on the technology company’s stock.

A number of other research analysts have also recently issued reports on the company. Evercore ISI lifted their price objective on Jack Henry & Associates from $172.00 to $175.00 and gave the company an in-line rating in a report on Tuesday, June 25th. StockNews.com upgraded shares of Jack Henry & Associates from a hold rating to a buy rating in a research report on Thursday, August 15th. William Blair reaffirmed an outperform rating on shares of Jack Henry & Associates in a research note on Wednesday, May 8th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a market perform rating in a research note on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $177.25.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $169.64 on Wednesday. The firm has a market capitalization of $12.37 billion, a PE ratio of 32.75, a price-to-earnings-growth ratio of 3.07 and a beta of 0.63. The company has a quick ratio of 1.39, a current ratio of 1.00 and a debt-to-equity ratio of 0.03. Jack Henry & Associates has a 12-month low of $136.57 and a 12-month high of $178.37. The firm has a 50-day moving average price of $167.37 and a 200 day moving average price of $167.80.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.08. The business had revenue of $559.91 million during the quarter, compared to analysts’ expectations of $563.37 million. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. During the same period in the prior year, the firm posted $1.34 EPS. Research analysts anticipate that Jack Henry & Associates will post 5.79 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be paid a $0.55 dividend. The ex-dividend date is Friday, September 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.30%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 42.47%.

Hedge Funds Weigh In On Jack Henry & Associates

Several large investors have recently made changes to their positions in JKHY. Strategic Financial Concepts LLC bought a new stake in Jack Henry & Associates during the 2nd quarter worth about $25,000. Tortoise Investment Management LLC raised its stake in shares of Jack Henry & Associates by 76.3% during the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock worth $27,000 after buying an additional 71 shares during the last quarter. New Covenant Trust Company N.A. bought a new stake in shares of Jack Henry & Associates during the first quarter worth approximately $30,000. Blue Trust Inc. lifted its holdings in Jack Henry & Associates by 148.9% in the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after buying an additional 134 shares during the period. Finally, VisionPoint Advisory Group LLC bought a new position in Jack Henry & Associates in the fourth quarter valued at approximately $44,000. 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.