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

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) have been assigned a consensus rating of "Hold" from the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $189.00.

A number of research analysts recently issued reports on the company. StockNews.com downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Oppenheimer initiated coverage on shares of Jack Henry & Associates in a research report on Tuesday, October 1st. They set an "outperform" rating and a $206.00 price objective on the stock. Stephens restated an "equal weight" rating and set a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Royal Bank of Canada increased their price target on 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. Finally, Compass Point started coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They issued a "neutral" rating and a $186.00 price objective on the stock.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY traded down $0.63 on Friday, hitting $176.88. The stock had a trading volume of 303,199 shares, compared to its average volume of 473,994. Jack Henry & Associates has a 52-week low of $157.00 and a 52-week high of $189.63. The stock has a market cap of $12.91 billion, a price-to-earnings ratio of 32.40, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The business's 50-day simple moving average is $177.56 and its two-hundred day simple moving average is $173.01.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02. The business had revenue of $600.98 million for the quarter, compared to analysts' expectations of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The company's revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.39 EPS. As a group, research analysts predict that Jack Henry & Associates will post 5.8 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Monday, December 2nd. Jack Henry & Associates's dividend payout ratio is currently 40.29%.

Insiders Place Their Bets

In other news, insider David B. Foss sold 18,770 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the transaction, the insider now owns 138,665 shares of the company's stock, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.37% of the company's stock.

Hedge Funds Weigh In On Jack Henry & Associates

A number of large investors have recently bought and sold shares of JKHY. JPMorgan Chase & Co. lifted its stake in shares of Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock worth $316,326,000 after purchasing an additional 131,515 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Jack Henry & Associates by 21.1% in the third quarter. Principal Financial Group Inc. now owns 341,460 shares of the technology company's stock worth $60,281,000 after purchasing an additional 59,450 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of Jack Henry & Associates by 0.6% in the 3rd quarter. Lord Abbett & CO. LLC now owns 171,046 shares of the technology company's stock valued at $30,196,000 after buying an additional 1,054 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Jack Henry & Associates by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 8,981 shares of the technology company's stock worth $1,655,000 after buying an additional 475 shares during the last quarter. Finally, Synovus Financial Corp grew its position in shares of Jack Henry & Associates by 2.2% in the 3rd quarter. Synovus Financial Corp now owns 16,102 shares of the technology company's stock worth $2,843,000 after buying an additional 341 shares during the last quarter. Institutional investors own 98.75% of the company's stock.

About Jack Henry & Associates

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.