Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives Average Rating of "Hold" from Analysts

Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) has been given an average rating of "Hold" by the eleven research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $185.11.

Several brokerages recently commented on JKHY. Keefe, Bruyette & Woods reduced their price objective on shares of Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a research note on Thursday, May 8th. UBS Group dropped their target price on shares of Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Wall Street Zen upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Finally, The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price for the company in a report on Wednesday, April 2nd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Summit Securities Group LLC acquired a new position in shares of Jack Henry & Associates during the first quarter worth $26,000. Cullen Frost Bankers Inc. acquired a new stake in Jack Henry & Associates in the first quarter worth about $38,000. Assetmark Inc. lifted its holdings in Jack Henry & Associates by 147.5% in the first quarter. Assetmark Inc. now owns 250 shares of the technology company's stock worth $46,000 after purchasing an additional 149 shares during the period. National Pension Service lifted its holdings in Jack Henry & Associates by 75.2% in the 1st quarter. National Pension Service now owns 268 shares of the technology company's stock valued at $49,000 after acquiring an additional 115 shares during the last quarter. Finally, Steph & Co. purchased a new stake in Jack Henry & Associates during the second quarter valued at about $51,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

Shares of JKHY stock traded up $0.59 during mid-day trading on Wednesday, hitting $179.68. The stock had a trading volume of 29,457 shares, compared to its average volume of 570,994. Jack Henry & Associates has a fifty-two week low of $160.23 and a fifty-two week high of $196.00. The firm has a market cap of $13.08 billion, a PE ratio of 30.74 and a beta of 0.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick ratio of 1.36. The company's 50-day simple moving average is $180.35 and its 200-day simple moving average is $176.14.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.29 by $0.23. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The firm had revenue of $585.09 million during the quarter, compared to analysts' expectations of $585.84 million. During the same quarter last year, the business earned $1.19 earnings per share. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts anticipate that Jack Henry & Associates will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a yield of 1.29%. Jack Henry & Associates's dividend payout ratio (DPR) is 39.52%.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.