Jack Henry & Associates (NASDAQ:JKHY) PT Raised to $186.00

Jack Henry & Associates (NASDAQ:JKHY - Free Report) had its price target raised by Robert W. Baird from $180.00 to $186.00 in a research note published on Wednesday, Benzinga reports. Robert W. Baird currently has a neutral rating on the technology company's stock.

Other research analysts have also issued research reports about the company. TheStreet raised Jack Henry & Associates from a c+ rating to a b- rating in a report on Friday, December 29th. Wolfe Research started coverage on Jack Henry & Associates in a research report on Thursday, March 7th. They issued a peer perform rating on the stock. Royal Bank of Canada lifted their price objective on Jack Henry & Associates from $161.00 to $181.00 and gave the company a sector perform rating in a research note on Thursday, February 8th. William Blair restated an outperform rating on shares of Jack Henry & Associates in a research note on Wednesday, February 7th. Finally, Citigroup started coverage on Jack Henry & Associates in a research report on Thursday, January 18th. They set a neutral rating and a $177.00 price target for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $172.42.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY traded up $0.92 during midday trading on Wednesday, hitting $164.67. The company's stock had a trading volume of 295,590 shares, compared to its average volume of 435,008. The firm has a market capitalization of $12.00 billion, a price-to-earnings ratio of 32.25, a P/E/G ratio of 3.87 and a beta of 0.66. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average price of $171.84 and a 200 day moving average price of $162.39. Jack Henry & Associates has a one year low of $136.57 and a one year high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.12. The business had revenue of $545.70 million for the quarter, compared to analysts' expectations of $540.34 million. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 EPS. On average, research analysts forecast that Jack Henry & Associates will post 5.11 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 26th. Stockholders of record on Friday, March 8th were paid a dividend of $0.55 per share. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.52. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, March 7th. Jack Henry & Associates's dividend payout ratio (DPR) is 43.05%.

Institutional Investors Weigh In On Jack Henry & Associates

Hedge funds and other institutional investors have recently modified their holdings of the stock. Planned Solutions Inc. purchased a new position in shares of Jack Henry & Associates in the fourth quarter worth $33,000. NBC Securities Inc. bought a new stake in Jack Henry & Associates in the 3rd quarter worth $30,000. Harbour Investments Inc. increased its position in shares of Jack Henry & Associates by 62.2% in the fourth quarter. Harbour Investments Inc. now owns 206 shares of the technology company's stock valued at $34,000 after acquiring an additional 79 shares during the period. Anchor Investment Management LLC bought a new position in shares of Jack Henry & Associates during the fourth quarter valued at about $35,000. Finally, West Tower Group LLC boosted its holdings in shares of Jack Henry & Associates by 602.8% during the fourth quarter. West Tower Group LLC now owns 253 shares of the technology company's stock worth $41,000 after purchasing an additional 217 shares during the period. Institutional investors own 98.75% of the company's stock.

About Jack Henry & Associates

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.