Jack Henry & Associates (NASDAQ:JKHY) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Jack Henry & Associates (NASDAQ:JKHY - Free Report) from a hold rating to a buy rating in a research report report published on Sunday morning.

Other research analysts have also issued reports about the company. Keefe, Bruyette & Woods cut their price target on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a report on Thursday, May 8th. UBS Group cut their price target on 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, The Goldman Sachs Group upgraded 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Jack Henry & Associates has a consensus rating of "Hold" and a consensus price target of $185.11.

Jack Henry & Associates Stock Up 0.3%

Shares of NASDAQ JKHY traded up $0.49 during trading hours on Friday, hitting $176.66. The stock had a trading volume of 346,213 shares, compared to its average volume of 569,764. The company has a market capitalization of $12.86 billion, a P/E ratio of 30.09 and a beta of 0.72. The firm's 50-day moving average price is $180.10 and its two-hundred day moving average price is $176.12. Jack Henry & Associates has a 52 week low of $160.23 and a 52 week high of $196.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.23. Jack Henry & Associates had a return on equity of 22.07% and a net margin of 18.50%. The firm had revenue of $585.09 million during the quarter, compared to analyst estimates of $585.84 million. During the same period in the previous year, the company earned $1.19 EPS. The company's revenue for the quarter was up 8.6% on a year-over-year basis. 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 was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Thursday, May 29th. Jack Henry & Associates's dividend payout ratio (DPR) is 39.52%.

Institutional Trading of Jack Henry & Associates

Large investors have recently made changes to their positions in the business. Summit Securities Group LLC acquired a new position in shares of Jack Henry & Associates during the first quarter valued at $26,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Jack Henry & Associates during the first quarter worth about $38,000. Assetmark Inc. raised its position in shares of Jack Henry & Associates by 147.5% during 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 raised its position in shares of Jack Henry & Associates by 75.2% during the first quarter. National Pension Service now owns 268 shares of the technology company's stock worth $49,000 after purchasing an additional 115 shares during the period. Finally, Cary Street Partners Financial LLC bought a new position in shares of Jack Henry & Associates during the fourth quarter worth about $54,000. 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.