Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives Consensus Rating of “Hold” from Analysts

Jack Henry & Associates, Inc. (NASDAQ:JKHYGet Free Report) has been assigned a consensus rating of “Hold” from the thirteen analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $170.46.

Several research firms recently commented on JKHY. Oppenheimer cut their target price on shares of Jack Henry & Associates from $180.00 to $168.00 and set an “outperform” rating for the company in a research note on Wednesday, October 18th. Citigroup began coverage on Jack Henry & Associates in a research report on Thursday, January 18th. They set a “neutral” rating and a $177.00 price objective for the company. The Goldman Sachs Group downgraded Jack Henry & Associates from a “neutral” rating to a “sell” rating and cut their price objective for the company from $165.00 to $140.00 in a research report on Thursday, October 12th. TheStreet raised Jack Henry & Associates from a “c+” rating to a “b-” rating in a report on Friday, December 29th. Finally, UBS Group reaffirmed a “neutral” rating and set a $165.00 target price on shares of Jack Henry & Associates in a report on Friday, October 20th.

View Our Latest Research Report on Jack Henry & Associates

Insider Activity at Jack Henry & Associates

In other news, SVP Stacey E. Zengel sold 326 shares of Jack Henry & Associates stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $165.10, for a total transaction of $53,822.60. Following the completion of the sale, the senior vice president now directly owns 5,410 shares in the company, valued at approximately $893,191. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.58% of the company’s stock.

Institutional Investors Weigh In On Jack Henry & Associates

Several institutional investors and hedge funds have recently modified their holdings of JKHY. Catalyst Capital Advisors LLC acquired a new stake in shares of Jack Henry & Associates in the second quarter worth about $27,000. Planned Solutions Inc. acquired a new stake in Jack Henry & Associates in the 4th quarter worth approximately $33,000. NBC Securities Inc. acquired a new stake in Jack Henry & Associates in the 3rd quarter worth approximately $30,000. Anchor Investment Management LLC acquired a new stake in Jack Henry & Associates in the 4th quarter worth approximately $35,000. Finally, Capital Advisors Ltd. LLC acquired a new stake in Jack Henry & Associates in the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 92.53% of the company’s stock.

Jack Henry & Associates Stock Up 0.4 %

JKHY opened at $163.91 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization of $11.93 billion, a PE ratio of 33.11, a P/E/G ratio of 4.12 and a beta of 0.65. The stock’s fifty day moving average is $165.20 and its 200-day moving average is $158.14. Jack Henry & Associates has a one year low of $136.57 and a one year high of $182.25.

Jack Henry & Associates (NASDAQ:JKHYGet Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.14 by $0.12. Jack Henry & Associates had a net margin of 17.07% and a return on equity of 22.91%. The firm had revenue of $545.70 million for the quarter, compared to analysts’ expectations of $540.34 million. During the same period in the previous year, the business earned $1.10 earnings per share. Jack Henry & Associates’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities analysts predict that Jack Henry & Associates will post 5.01 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 1st were given a $0.52 dividend. The ex-dividend date was Thursday, November 30th. This represents a $2.08 dividend on an annualized basis and a yield of 1.27%. Jack Henry & Associates’s payout ratio is 42.02%.

Jack Henry & Associates Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Jack Henry & Associates (NASDAQ:JKHY)

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