Analysts Set Jack Henry & Associates, Inc. (NASDAQ:JKHY) PT at $188.73

Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) has received an average recommendation of "Hold" from the thirteen analysts that are covering the company, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $188.73.

A number of research analysts recently issued reports on the stock. Oppenheimer assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They issued an "outperform" rating and a $206.00 price objective for the company. UBS Group raised their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Robert W. Baird raised their price objective on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods raised their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a "market perform" rating in a report on Thursday, November 7th. Finally, Stephens restated an "equal weight" rating and set a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 6th.

Insider Activity at Jack Henry & Associates

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction dated 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 completion of the transaction, the insider now owns 138,665 shares of the company's stock, valued at $23,756,087.80. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JKHY. Assenagon Asset Management S.A. grew its holdings in shares of Jack Henry & Associates by 6,680.1% during the second 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 in the last quarter. Boston Trust Walden Corp grew its holdings in shares of Jack Henry & Associates by 3.0% during the second quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company's stock worth $35,318,000 after purchasing an additional 6,173 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Jack Henry & Associates during the third quarter worth about $618,000. Harbor Capital Advisors Inc. grew its holdings in shares of Jack Henry & Associates by 285.3% during the second quarter. Harbor Capital Advisors Inc. now owns 4,204 shares of the technology company's stock worth $698,000 after purchasing an additional 3,113 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Jack Henry & Associates by 188.4% during the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company's stock worth $46,819,000 after purchasing an additional 184,210 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock traded down $0.33 during trading hours on Tuesday, reaching $175.33. 622,875 shares of the stock were exchanged, compared to its average volume of 687,837. The company has a market cap of $12.79 billion, a P/E ratio of 32.11, a price-to-earnings-growth ratio of 3.31 and a beta of 0.61. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates has a twelve month low of $157.00 and a twelve month high of $189.63. The stock has a 50 day moving average of $179.09 and a two-hundred day moving average of $171.56.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.02. The firm had revenue of $600.98 million during 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 business's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 earnings per share. Equities analysts expect that Jack Henry & Associates will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates's dividend payout ratio is currently 40.29%.

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.