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

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) have been assigned an average recommendation of "Hold" from the thirteen ratings firms that are covering the stock, Marketbeat reports. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $188.73.

Several analysts have commented on JKHY shares. Keefe, Bruyette & Woods raised their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "market perform" rating in a report on Thursday. Royal Bank of Canada increased their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the company a "sector perform" rating in a report on Thursday. Compass Point began coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They set a "neutral" rating and a $186.00 price target on the stock. UBS Group raised their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, Robert W. Baird lifted their price objective on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. increased its stake in Jack Henry & Associates by 6,680.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company's stock worth $19,158,000 after purchasing an additional 113,696 shares during the period. Boston Trust Walden Corp grew its holdings in Jack Henry & Associates by 3.0% during the 2nd quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company's stock valued at $35,318,000 after purchasing an additional 6,173 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Jack Henry & Associates by 4.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 91,114 shares of the technology company's stock valued at $15,829,000 after acquiring an additional 4,252 shares in the last quarter. Epoch Investment Partners Inc. lifted its position in Jack Henry & Associates by 23.3% during the first quarter. Epoch Investment Partners Inc. now owns 359,330 shares of the technology company's stock valued at $62,426,000 after purchasing an additional 67,816 shares during the period. Finally, UniSuper Management Pty Ltd raised its position in Jack Henry & Associates by 569.9% during the first quarter. UniSuper Management Pty Ltd now owns 6,049 shares of the technology company's stock valued at $1,051,000 after acquiring an additional 5,146 shares in the last quarter. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Trading Up 0.7 %

NASDAQ JKHY traded up $1.34 during mid-day trading on Friday, hitting $181.31. The company's stock had a trading volume of 188,436 shares, compared to its average volume of 444,352. The stock's fifty day simple moving average is $179.13 and its two-hundred day simple moving average is $170.51. The firm has a market capitalization of $13.22 billion, a P/E ratio of 34.48, a price-to-earnings-growth ratio of 3.38 and a beta of 0.63. Jack Henry & Associates has a 52-week low of $146.46 and a 52-week high of $189.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. The company had revenue of $600.98 million for the quarter, compared to analyst estimates of $599.56 million. During the same period in the previous year, the firm earned $1.39 earnings per share. Jack Henry & Associates's revenue for the quarter was up 5.2% compared to the same quarter last year. Research analysts expect that Jack Henry & Associates will post 5.82 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were issued a $0.55 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.20 dividend on an annualized basis and a yield of 1.21%. Jack Henry & Associates's dividend payout ratio (DPR) is presently 42.15%.

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.