Jack Henry & Associates (NASDAQ:JKHY) Upgraded by StockNews.com to "Buy" Rating

StockNews.com upgraded shares of Jack Henry & Associates (NASDAQ:JKHY - Free Report) from a hold rating to a buy rating in a research note released on Monday morning.

Several other equities research analysts have also recently issued reports on the stock. Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. 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. Wells Fargo & Company began coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price target on the stock. Finally, UBS Group lowered 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $184.10.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock traded up $2.04 during trading on Monday, hitting $182.67. 650,553 shares of the company were exchanged, compared to its average volume of 561,405. Jack Henry & Associates has a fifty-two week low of $157.00 and a fifty-two week high of $196.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average price of $174.71 and a 200 day moving average price of $174.99. The stock has a market capitalization of $13.32 billion, a price-to-earnings ratio of 32.97, a P/E/G 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, May 6th. The technology company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. The company had revenue of $585.09 million during the quarter, compared to analysts' expectations of $585.84 million. During the same period in the previous year, the firm posted $1.19 earnings per share. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts expect that Jack Henry & Associates will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Thursday, May 29th. Jack Henry & Associates's dividend payout ratio (DPR) is currently 39.52%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC lifted its stake in shares of Jack Henry & Associates by 2.3% in the 1st quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company's stock valued at $479,000 after purchasing an additional 59 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Jack Henry & Associates by 2.1% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,115 shares of the technology company's stock valued at $569,000 after buying an additional 64 shares during the period. Willis Investment Counsel raised its holdings in Jack Henry & Associates by 1.9% in the fourth quarter. Willis Investment Counsel now owns 3,650 shares of the technology company's stock valued at $640,000 after buying an additional 68 shares during the period. Strengthening Families & Communities LLC lifted its position in Jack Henry & Associates by 12.1% during the first quarter. Strengthening Families & Communities LLC now owns 632 shares of the technology company's stock valued at $105,000 after buying an additional 68 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its stake in Jack Henry & Associates by 9.8% during the first quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company's stock worth $153,000 after buying an additional 75 shares during the period. Institutional investors and hedge funds 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.