Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives Consensus Rating of "Hold" from Analysts

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

Several equities research analysts have recently weighed in on JKHY shares. Royal Bank of Canada upped their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a "sector perform" rating in a report on Thursday, November 7th. Stephens reaffirmed an "equal weight" rating and set a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Keefe, Bruyette & Woods boosted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "market perform" rating in a report on Thursday, November 7th. Wells Fargo & Company began coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price objective on the stock. Finally, William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday.

Institutional Investors Weigh In On Jack Henry & Associates

Several hedge funds have recently bought and sold shares of the company. Fortitude Family Office LLC increased its position in shares of Jack Henry & Associates by 647.4% in the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock valued at $25,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Jack Henry & Associates in the third quarter valued at about $26,000. National Pension Service bought a new stake in shares of Jack Henry & Associates in the fourth quarter worth about $27,000. ORG Partners LLC acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth about $35,000. Finally, Atala Financial Inc bought a new position in shares of Jack Henry & Associates during the 4th quarter valued at about $40,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock traded down $0.52 during trading on Friday, hitting $167.28. 357,611 shares of the company's stock traded hands, compared to its average volume of 589,427. The company has a market cap of $12.19 billion, a PE ratio of 30.19, a PEG ratio of 3.31 and a beta of 0.61. The firm's fifty day moving average price is $174.24 and its 200 day moving average price is $174.85. Jack Henry & Associates has a twelve month low of $157.00 and a twelve month high of $189.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (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%. Analysts forecast that Jack Henry & Associates will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be issued a dividend of $0.58 per share. The ex-dividend date is Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a yield of 1.39%. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's payout ratio is currently 39.71%.

About Jack Henry & Associates

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.