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

Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) has earned an average recommendation of "Hold" from the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $186.45.

Several brokerages have recently weighed in on JKHY. Wells Fargo & Company initiated coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They set an "underweight" rating and a $155.00 target price for the company. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price on the stock in a research note on Wednesday, April 2nd. Northcoast Research cut Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. Finally, William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th.

Jack Henry & Associates Stock Performance

NASDAQ JKHY traded up $2.63 on Monday, reaching $172.77. The stock had a trading volume of 546,525 shares, compared to its average volume of 533,886. The stock has a market cap of $12.59 billion, a P/E ratio of 31.19, a price-to-earnings-growth ratio of 3.36 and a beta of 0.71. Jack Henry & Associates has a 12-month low of $157.00 and a 12-month high of $196.00. The business's 50-day moving average price is $174.58 and its 200 day moving average price is $176.26. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17.

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Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced 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 net margin of 17.83% and a return on equity of 21.55%. As a group, equities analysts expect that Jack Henry & Associates will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, March 6th. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio (DPR) is currently 41.88%.

Institutional Trading of Jack Henry & Associates

Several hedge funds and other institutional investors have recently made changes to their positions in JKHY. Fortitude Family Office LLC increased its holdings in Jack Henry & Associates by 647.4% in the fourth 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 stake in shares of Jack Henry & Associates in the 3rd quarter worth approximately $26,000. National Pension Service purchased a new position in Jack Henry & Associates in the 4th quarter valued at approximately $27,000. ORG Partners LLC acquired a new position in Jack Henry & Associates during the fourth quarter worth $35,000. Finally, Atala Financial Inc purchased a new stake in Jack Henry & Associates during the fourth quarter worth $40,000. Institutional investors and hedge funds own 98.75% of the company's stock.

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.