Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives $186.80 Consensus Target Price from Analysts

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has received a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $186.80.

A number of brokerages have weighed in on JKHY. Northcoast Research lowered Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company started coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price objective on the stock.

Hedge Funds Weigh In On Jack Henry & Associates

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fortitude Family Office LLC lifted its holdings in Jack Henry & Associates by 647.4% in the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock worth $25,000 after buying an additional 123 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Jack Henry & Associates in the 3rd quarter worth approximately $26,000. National Pension Service purchased a new stake in Jack Henry & Associates in the 4th quarter worth approximately $27,000. ORG Partners LLC purchased a new stake in Jack Henry & Associates in the 4th quarter worth approximately $35,000. Finally, Atala Financial Inc purchased a new stake in Jack Henry & Associates in the 4th quarter worth approximately $40,000. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $175.83 on Thursday. The firm has a market capitalization of $12.82 billion, a P/E ratio of 31.74, a P/E/G ratio of 3.36 and a beta of 0.65. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The stock’s 50-day simple moving average is $173.83 and its two-hundred day simple moving average is $176.08. Jack Henry & Associates has a twelve month low of $157.00 and a twelve month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. As a group, equities analysts anticipate that Jack Henry & Associates will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.32%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 41.88%.

About Jack Henry & Associates

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