Analysts Set Jack Henry & Associates, Inc. (NASDAQ:JKHY) Price Target at $176.55

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been given a consensus rating of “Hold” by the thirteen research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $176.55.

A number of equities research analysts have commented on JKHY shares. Compass Point started coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price target for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $181.00 target price on shares of Jack Henry & Associates in a research report on Friday, September 6th. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Evercore ISI raised their price objective on Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Finally, Keefe, Bruyette & Woods upped their target price on Jack Henry & Associates from $178.00 to $180.00 and gave the stock a “market perform” rating in a research report on Thursday, August 22nd.

Jack Henry & Associates Stock Down 2.0 %

Jack Henry & Associates stock opened at $170.28 on Thursday. The firm has a market cap of $12.42 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 3.09 and a beta of 0.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00. Jack Henry & Associates has a 52-week low of $136.57 and a 52-week high of $178.37. The firm has a 50 day moving average price of $169.94 and a two-hundred day moving average price of $167.80.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.08. The firm had revenue of $559.91 million for the quarter, compared to analysts’ expectations of $563.37 million. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. During the same period in the prior year, the business earned $1.34 EPS. Equities analysts predict that Jack Henry & Associates will post 5.82 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Friday, September 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 42.47%.

Institutional Investors Weigh In On Jack Henry & Associates

Several institutional investors and hedge funds have recently added to or reduced their stakes in JKHY. Raymond James Trust N.A. grew its holdings in shares of Jack Henry & Associates by 1.3% in the second quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company’s stock valued at $798,000 after acquiring an additional 60 shares in the last quarter. Taylor Frigon Capital Management LLC grew its stake in Jack Henry & Associates by 0.8% in the 1st quarter. Taylor Frigon Capital Management LLC now owns 7,558 shares of the technology company’s stock valued at $1,313,000 after purchasing an additional 62 shares during the period. Czech National Bank grew its stake in Jack Henry & Associates by 0.5% in the 1st quarter. Czech National Bank now owns 12,821 shares of the technology company’s stock valued at $2,227,000 after purchasing an additional 65 shares during the period. Advisor OS LLC increased its position in shares of Jack Henry & Associates by 1.0% during the 2nd quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock valued at $1,100,000 after purchasing an additional 65 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its stake in shares of Jack Henry & Associates by 76.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock worth $27,000 after purchasing an additional 71 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Company Profile

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.