Jack Henry & Associates, Inc. (NASDAQ:JKHY) Given Average Rating of “Hold” by Analysts

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHYGet Rating) have been given a consensus rating of “Hold” by the ten brokerages that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $186.50.

Several research analysts recently weighed in on JKHY shares. Morgan Stanley started coverage on shares of Jack Henry & Associates in a research report on Wednesday, June 15th. They set an “equal weight” rating and a $190.00 price target for the company. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Thursday, July 21st.

Jack Henry & Associates Trading Up 1.3 %

Shares of Jack Henry & Associates stock opened at $211.07 on Friday. The firm has a 50-day simple moving average of $188.38 and a two-hundred day simple moving average of $184.55. The company has a market cap of $15.38 billion, a P/E ratio of 43.25, a price-to-earnings-growth ratio of 4.48 and a beta of 0.63. Jack Henry & Associates has a fifty-two week low of $147.50 and a fifty-two week high of $211.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47.

Jack Henry & Associates (NASDAQ:JKHYGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The technology company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.10. The business had revenue of $478.30 million during the quarter, compared to the consensus estimate of $475.52 million. Jack Henry & Associates had a net margin of 18.81% and a return on equity of 27.04%. The company’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 earnings per share. As a group, equities analysts predict that Jack Henry & Associates will post 4.72 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 14th. Stockholders of record on Friday, May 27th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Thursday, May 26th. Jack Henry & Associates’s payout ratio is 40.16%.

Institutional Investors Weigh In On Jack Henry & Associates

Several institutional investors have recently bought and sold shares of the business. Concord Wealth Partners boosted its position in shares of Jack Henry & Associates by 2,250.0% during the 1st quarter. Concord Wealth Partners now owns 141 shares of the technology company’s stock valued at $28,000 after purchasing an additional 135 shares in the last quarter. Clear Street Markets LLC raised its position in Jack Henry & Associates by 390.3% during the second quarter. Clear Street Markets LLC now owns 152 shares of the technology company’s stock valued at $27,000 after acquiring an additional 121 shares in the last quarter. Confluence Wealth Services Inc. bought a new position in Jack Henry & Associates during the fourth quarter valued at approximately $26,000. Bivin & Associates Inc. bought a new position in Jack Henry & Associates during the fourth quarter valued at approximately $28,000. Finally, CX Institutional bought a new position in Jack Henry & Associates during the second quarter valued at approximately $35,000. 89.58% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Company Profile

(Get Rating)

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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