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

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) have been assigned an average rating of "Hold" from the twelve analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $184.10.

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a research report on Thursday, May 8th. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target for the company in a report on Wednesday, April 2nd. UBS Group lowered 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. Finally, Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th.

Institutional Investors Weigh In On Jack Henry & Associates

Large investors have recently made changes to their positions in the company. Anderson Financial Strategies LLC acquired a new stake in shares of Jack Henry & Associates in the 1st quarter valued at $89,000. Geneos Wealth Management Inc. increased its stake in Jack Henry & Associates by 186.4% in the first quarter. Geneos Wealth Management Inc. now owns 378 shares of the technology company's stock valued at $69,000 after purchasing an additional 246 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in Jack Henry & Associates in the first quarter valued at approximately $223,000. Focus Partners Wealth lifted its holdings in shares of Jack Henry & Associates by 15.1% during the 1st quarter. Focus Partners Wealth now owns 1,387 shares of the technology company's stock valued at $253,000 after purchasing an additional 182 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Jack Henry & Associates during the 1st quarter valued at about $9,430,000. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Down 1.1%

JKHY traded down $2.02 during trading on Tuesday, hitting $180.08. The stock had a trading volume of 868,497 shares, compared to its average volume of 571,175. The company has a market capitalization of $13.11 billion, a PE ratio of 32.51, a PEG ratio of 3.36 and a beta of 0.75. Jack Henry & Associates has a twelve month low of $157.00 and a twelve month high of $196.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a 50 day simple moving average of $176.07 and a two-hundred day simple moving average of $175.04.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.23. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. 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 company posted $1.19 earnings per share. The firm's revenue was up 8.6% compared to the same quarter last year. On average, research analysts predict that Jack Henry & Associates will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

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