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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has earned an average recommendation of “Hold” from the twelve research firms that are covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $173.08.

A number of equities research analysts recently commented on the stock. StockNews.com assumed coverage on shares of Jack Henry & Associates in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Morgan Stanley lowered their price objective on shares of Jack Henry & Associates from $165.00 to $162.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 17th. BTIG Research lowered their price objective on shares of Jack Henry & Associates from $200.00 to $173.00 and set a “buy” rating on the stock in a research note on Thursday, August 17th. Bank of America lowered their price objective on shares of Jack Henry & Associates from $173.00 to $167.00 and set a “neutral” rating on the stock in a research note on Thursday, August 17th. Finally, TheStreet raised shares of Jack Henry & Associates from a “c+” rating to a “b” rating in a research note on Tuesday, August 15th.

Institutional Investors Weigh In On Jack Henry & Associates

Several hedge funds have recently modified their holdings of the stock. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Jack Henry & Associates by 98,786.4% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 364,078,112 shares of the technology company’s stock worth $60,921,191,000 after acquiring an additional 363,709,934 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Jack Henry & Associates by 1.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,696,012 shares of the technology company’s stock worth $618,454,000 after acquiring an additional 55,515 shares during the last quarter. State Street Corp boosted its position in shares of Jack Henry & Associates by 0.6% in the second quarter. State Street Corp now owns 3,223,752 shares of the technology company’s stock worth $539,430,000 after acquiring an additional 19,148 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Jack Henry & Associates by 12.8% in the second quarter. JPMorgan Chase & Co. now owns 2,145,062 shares of the technology company’s stock worth $358,933,000 after acquiring an additional 244,094 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Jack Henry & Associates by 3.6% in the second quarter. Geode Capital Management LLC now owns 1,775,394 shares of the technology company’s stock worth $296,449,000 after acquiring an additional 62,014 shares during the last quarter. 92.53% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $154.49 on Friday. The company has a 50-day simple moving average of $163.18 and a 200-day simple moving average of $158.21. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $11.27 billion, a PE ratio of 30.77, a P/E/G ratio of 3.71 and a beta of 0.64. Jack Henry & Associates has a 52-week low of $139.28 and a 52-week high of $202.66.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Wednesday, August 16th. The technology company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.15. The business had revenue of $534.63 million during the quarter, compared to the consensus estimate of $512.78 million. Jack Henry & Associates had a net margin of 17.65% and a return on equity of 23.97%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.10 EPS. Equities research analysts predict that Jack Henry & Associates will post 4.97 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Friday, September 8th will be given a $0.52 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.08 annualized dividend and a dividend yield of 1.35%. Jack Henry & Associates’s dividend payout ratio is presently 41.43%.

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.