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

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $180.22.

Several research firms have recently commented on JKHY. Stephens reissued an “equal weight” rating and issued a $185.00 price target on shares of Jack Henry & Associates in a report on Wednesday, February 8th. Oppenheimer reduced their price target on Jack Henry & Associates from $191.00 to $181.00 and set an “outperform” rating for the company in a report on Thursday, February 9th. StockNews.com started coverage on Jack Henry & Associates in a report on Thursday. They issued a “hold” rating for the company. Robert W. Baird dropped their price objective on Jack Henry & Associates from $190.00 to $175.00 and set a “neutral” rating for the company in a research note on Thursday, February 9th. Finally, DA Davidson dropped their price objective on Jack Henry & Associates from $198.00 to $188.00 and set a “neutral” rating for the company in a research note on Thursday, February 9th.

Insider Activity at Jack Henry & Associates

In other news, Director Laura G. Kelly bought 1,000 shares of Jack Henry & Associates stock in a transaction that occurred on Tuesday, March 14th. The shares were purchased at an average price of $145.29 per share, for a total transaction of $145,290.00. Following the completion of the acquisition, the director now owns 16,194 shares of the company’s stock, valued at $2,352,826.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.58% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fairfield Bush & CO. acquired a new position in shares of Jack Henry & Associates during the first quarter worth about $104,000. American Century Companies Inc. lifted its stake in shares of Jack Henry & Associates by 36.3% during the first quarter. American Century Companies Inc. now owns 6,383 shares of the technology company’s stock worth $1,258,000 after purchasing an additional 1,701 shares in the last quarter. Cetera Advisor Networks LLC purchased a new stake in shares of Jack Henry & Associates during the first quarter worth about $208,000. D.A. Davidson & CO. purchased a new stake in shares of Jack Henry & Associates during the first quarter worth about $225,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Jack Henry & Associates by 4.9% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,744 shares of the technology company’s stock worth $1,920,000 after acquiring an additional 451 shares during the last quarter. Institutional investors and hedge funds own 90.26% of the company’s stock.

Jack Henry & Associates Stock Down 1.1 %

Shares of NASDAQ JKHY opened at $146.46 on Friday. The stock has a market cap of $10.69 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 3.35 and a beta of 0.64. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. Jack Henry & Associates has a 52-week low of $139.28 and a 52-week high of $212.62. The business has a 50-day moving average price of $170.02 and a 200 day moving average price of $180.22.

Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last posted its quarterly earnings data on Wednesday, February 8th. The technology company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). Jack Henry & Associates had a return on equity of 24.81% and a net margin of 17.66%. The company had revenue of $505.30 million for the quarter, compared to analyst estimates of $515.47 million. During the same period in the previous year, the business posted $1.30 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. Equities research analysts forecast that Jack Henry & Associates will post 4.82 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Wednesday, March 8th will be issued a dividend of $0.52 per share. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 7th. This represents a $2.08 annualized dividend and a dividend yield of 1.42%. Jack Henry & Associates’s dividend payout ratio (DPR) is 43.15%.

About Jack Henry & Associates

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Jack Henry & Associates, Inc is a technology company, which engages in the provision of technology solutions and payment processing services primarily for financial services organizations. 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, general ledger transactions, and maintain centralized customer or member information.