Jack Henry & Associates, Inc. (NASDAQ:JKHY) Given Average Rating of "Hold" by Analysts

Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) has been given a consensus recommendation of "Hold" by the twelve brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $186.80.

Several research firms have issued reports on JKHY. Northcoast Research cut Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday. Wells Fargo & Company began coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 target price on the stock. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Finally, StockNews.com cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th.

Jack Henry & Associates Stock Up 1.3 %

NASDAQ:JKHY traded up $2.18 during midday trading on Thursday, reaching $175.32. The company had a trading volume of 600,866 shares, compared to its average volume of 669,620. The firm has a market capitalization of $12.78 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 3.36 and a beta of 0.65. The stock's fifty day simple moving average is $173.74 and its 200-day simple moving average is $176.01. Jack Henry & Associates has a 12-month low of $157.00 and a 12-month high of $196.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03.

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Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its 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%. On average, sell-side analysts anticipate 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 will be paid on Tuesday, March 25th. Shareholders 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 boost 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 payout ratio is presently 41.88%.

Hedge Funds Weigh In On Jack Henry & Associates

Several institutional investors and hedge funds have recently added to or reduced their stakes in JKHY. Smith Shellnut Wilson LLC ADV grew its holdings in shares of Jack Henry & Associates by 1.1% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company's stock valued at $1,238,000 after acquiring an additional 77 shares in the last quarter. Siemens Fonds Invest GmbH grew its holdings in shares of Jack Henry & Associates by 569.0% during the 4th quarter. Siemens Fonds Invest GmbH now owns 8,041 shares of the technology company's stock valued at $1,410,000 after acquiring an additional 6,839 shares in the last quarter. Menard Financial Group LLC purchased a new position in shares of Jack Henry & Associates during the 4th quarter valued at $60,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Jack Henry & Associates during the 4th quarter valued at $4,974,000. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Jack Henry & Associates during the 4th quarter valued at $2,032,000. 98.75% of the stock is currently owned by hedge funds and other 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.