Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives $184.10 Consensus PT from Brokerages

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) have been given a consensus rating of "Hold" by the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $184.10.

A number of research firms recently commented on JKHY. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective for the company in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods reduced their price objective on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a research report on Thursday, May 8th. Northcoast Research cut Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, UBS Group reduced their price objective on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY traded up $0.19 during midday trading on Tuesday, reaching $180.27. 875,815 shares of the company's stock traded hands, compared to its average volume of 571,825. The company has a market cap of $13.13 billion, a price-to-earnings ratio of 32.54, a P/E/G ratio of 3.36 and a beta of 0.75. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. Jack Henry & Associates has a one year low of $157.00 and a one year high of $196.00. The stock has a 50 day moving average of $176.32 and a 200 day moving average of $175.08.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.23. The company had revenue of $585.09 million during the quarter, compared to analysts' expectations of $585.84 million. Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. Jack Henry & Associates's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.19 earnings per share. As a group, equities research analysts anticipate that Jack Henry & Associates will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

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

Institutional Trading of Jack Henry & Associates

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Summit Securities Group LLC purchased a new stake in Jack Henry & Associates in the first quarter worth about $26,000. National Pension Service bought a new position in shares of Jack Henry & Associates in the fourth quarter worth about $27,000. Cullen Frost Bankers Inc. bought a new position in shares of Jack Henry & Associates in the first quarter worth about $38,000. Atala Financial Inc bought a new position in shares of Jack Henry & Associates in the fourth quarter worth about $40,000. Finally, Manchester Capital Management LLC boosted its stake in shares of Jack Henry & Associates by 11,750.0% in the fourth quarter. Manchester Capital Management LLC now owns 237 shares of the technology company's stock worth $42,000 after acquiring an additional 235 shares during the period. Hedge funds and other institutional investors own 98.75% of the company's stock.

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.