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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has earned an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $186.45.

Several research analysts have commented on the stock. Northcoast Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. The Goldman Sachs Group raised Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price objective on the stock in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price for the company.

Jack Henry & Associates Stock Down 6.5 %

Shares of JKHY opened at $172.62 on Monday. The business’s 50 day moving average is $175.42 and its 200 day moving average is $176.54. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates has a 12-month low of $157.00 and a 12-month high of $196.00. The company has a market capitalization of $12.58 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Research analysts expect that Jack Henry & Associates will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were given a dividend of $0.58 per share. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date was Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a yield of 1.34%. Jack Henry & Associates’s payout ratio is 41.88%.

Institutional Investors Weigh In On Jack Henry & Associates

Several hedge funds and other institutional investors have recently made changes to their positions in JKHY. FMR LLC raised its holdings in shares of Jack Henry & Associates by 7.8% in the third quarter. FMR LLC now owns 19,815 shares of the technology company’s stock worth $3,498,000 after buying an additional 1,428 shares during the period. Public Sector Pension Investment Board grew its position in Jack Henry & Associates by 14.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,195 shares of the technology company’s stock valued at $564,000 after acquiring an additional 400 shares during the last quarter. Investment Management Corp of Ontario grew its position in Jack Henry & Associates by 42.5% in the 3rd quarter. Investment Management Corp of Ontario now owns 2,347 shares of the technology company’s stock valued at $414,000 after acquiring an additional 700 shares during the last quarter. IHT Wealth Management LLC purchased a new stake in Jack Henry & Associates in the third quarter worth $284,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Jack Henry & Associates during the third quarter worth $54,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

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.