Jack Henry & Associates, Inc. (NASDAQ:JKHY) Given Average Recommendation of "Hold" by Brokerages

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) have received an average rating of "Hold" from the twelve ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $185.30.

Several brokerages have issued reports on JKHY. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. The Goldman Sachs Group raised 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 research note on Wednesday, April 2nd. Finally, Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price target on the stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fortitude Family Office LLC increased its stake in shares of Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock worth $25,000 after buying an additional 123 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Jack Henry & Associates in the third quarter valued at $26,000. National Pension Service acquired a new position in shares of Jack Henry & Associates in the 4th quarter valued at $27,000. ORG Partners LLC purchased a new position in shares of Jack Henry & Associates during the fourth quarter worth about $35,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Jack Henry & Associates during the first quarter worth about $38,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

Shares of JKHY stock traded up $0.26 during trading hours on Friday, hitting $174.15. The company's stock had a trading volume of 671,559 shares, compared to its average volume of 548,493. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average of $175.11 and a 200 day moving average of $175.37. Jack Henry & Associates has a 12-month low of $157.00 and a 12-month high of $196.00. The stock has a market cap of $12.70 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 3.36 and a beta of 0.75.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. On average, sell-side analysts forecast that Jack Henry & Associates will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were given a dividend of $0.58 per share. The ex-dividend date was Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.33%. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio is currently 41.88%.

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.