Jack Henry & Associates, Inc. (NASDAQ:JKHY) Given Consensus Rating of "Hold" by Analysts

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) have received an average recommendation of "Hold" from the fourteen research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $174.42.

A number of equities analysts have commented on the stock. DA Davidson reiterated a "buy" rating and issued a $198.00 target price on shares of Jack Henry & Associates in a report on Tuesday, April 30th. Royal Bank of Canada upped their price objective on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the company a "sector perform" rating in a report on Thursday, February 8th. StockNews.com upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Monday. Wolfe Research began coverage on shares of Jack Henry & Associates in a report on Thursday, March 7th. They set a "peer perform" rating on the stock. Finally, Citigroup began coverage on shares of Jack Henry & Associates in a report on Thursday, January 18th. They set a "neutral" rating and a $177.00 price objective on the stock.

Institutional Investors Weigh In On Jack Henry & Associates

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new stake in shares of Jack Henry & Associates during the 1st quarter worth approximately $30,000. Comerica Bank lifted its position in shares of Jack Henry & Associates by 17.2% during the 1st quarter. Comerica Bank now owns 40,213 shares of the technology company's stock valued at $6,986,000 after buying an additional 5,912 shares in the last quarter. Motley Fool Asset Management LLC lifted its position in shares of Jack Henry & Associates by 6.5% during the 1st quarter. Motley Fool Asset Management LLC now owns 1,446 shares of the technology company's stock valued at $251,000 after buying an additional 88 shares in the last quarter. Meiji Yasuda Life Insurance Co purchased a new position in shares of Jack Henry & Associates during the 1st quarter valued at approximately $208,000. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of Jack Henry & Associates by 38.2% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 8,457 shares of the technology company's stock valued at $1,469,000 after buying an additional 2,337 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Jack Henry & Associates Stock Down 0.2 %

Shares of JKHY stock traded down $0.39 on Friday, hitting $168.99. The stock had a trading volume of 313,859 shares, compared to its average volume of 428,555. The company has a market cap of $12.32 billion, a PE ratio of 32.62, a P/E/G ratio of 4.32 and a beta of 0.66. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average price of $168.36 and a 200 day moving average price of $165.20. 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 announced its earnings results on Tuesday, May 7th. The technology company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.02. The business had revenue of $538.56 million during the quarter, compared to the consensus estimate of $541.80 million. Jack Henry & Associates had a net margin of 17.28% and a return on equity of 22.18%. The firm's revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 earnings per share. Research analysts anticipate that Jack Henry & Associates will post 5.2 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, May 24th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.30%. Jack Henry & Associates's payout ratio is 42.47%.

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.