Brokerages Set Jack Henry & Associates, Inc. (NASDAQ:JKHY) Target Price at $184.10

Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) has earned an average rating of "Hold" from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $184.10.

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

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock remained flat at $181.02 during midday trading on Friday. The company had a trading volume of 432,811 shares, compared to its average volume of 572,016. The company's 50-day moving average is $178.06 and its 200-day moving average is $175.90. Jack Henry & Associates has a 1 year low of $158.62 and a 1 year high of $196.00. The firm has a market capitalization of $13.18 billion, a P/E ratio of 30.84, a price-to-earnings-growth ratio of 3.02 and a beta of 0.73. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.04.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.23. The business had revenue of $585.09 million during the quarter, compared to the consensus estimate of $585.84 million. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.19 earnings per share. On average, analysts forecast that Jack Henry & Associates will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.32 annualized dividend and a yield of 1.28%. Jack Henry & Associates's dividend payout ratio is currently 39.52%.

Hedge Funds Weigh In On Jack Henry & Associates

Hedge funds have recently made changes to their positions in the business. Summit Securities Group LLC purchased a new stake in Jack Henry & Associates during the 1st quarter worth $26,000. National Pension Service purchased a new stake in shares of Jack Henry & Associates in the fourth quarter worth about $27,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Jack Henry & Associates in the first quarter valued at about $38,000. Atala Financial Inc purchased a new stake in shares of Jack Henry & Associates during the 4th quarter valued at about $40,000. Finally, Assetmark Inc. raised its holdings in shares of Jack Henry & Associates by 147.5% during the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company's stock valued at $46,000 after buying an additional 149 shares during the period. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Company Profile

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.