Jack Henry & Associates’ (JKHY) “Outperform” Rating Reiterated at William Blair

William Blair reiterated their outperform rating on shares of Jack Henry & Associates (NASDAQ:JKHY) in a research report released on Tuesday,RTT News reports.

Other analysts have also issued research reports about the company. UBS Group lifted their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Stephens restated an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Royal Bank of Canada increased their price objective on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. 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 price objective on the stock. Finally, StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Jack Henry & Associates has a consensus rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates Stock Up 0.8 %

JKHY stock opened at $168.70 on Tuesday. Jack Henry & Associates has a 1-year low of $157.00 and a 1-year high of $189.63. The business has a fifty day moving average price of $173.58 and a 200-day moving average price of $174.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $12.30 billion, a P/E ratio of 30.45, a P/E/G ratio of 3.34 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 EPS 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%. Equities analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.32 annualized dividend and a yield of 1.38%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio is currently 39.71%.

Institutional Investors Weigh In On Jack Henry & Associates

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC grew its holdings in Jack Henry & Associates by 7.9% during the 3rd quarter. CWM LLC now owns 1,803 shares of the technology company’s stock valued at $318,000 after buying an additional 132 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Jack Henry & Associates during the third quarter valued at about $68,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Jack Henry & Associates by 19.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,498 shares of the technology company’s stock worth $1,500,000 after purchasing an additional 1,395 shares during the last quarter. Blue Trust Inc. boosted its stake in Jack Henry & Associates by 159.4% during the third quarter. Blue Trust Inc. now owns 581 shares of the technology company’s stock valued at $96,000 after buying an additional 357 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Jack Henry & Associates by 20.5% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 830 shares of the technology company’s stock valued at $147,000 after buying an additional 141 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Company Profile

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.