Jack Henry & Associates (NASDAQ:JKHY) Downgraded to Neutral Rating by Northcoast Research

Northcoast Research lowered shares of Jack Henry & Associates (NASDAQ:JKHY - Free Report) from a buy rating to a neutral rating in a report issued on Monday, Marketbeat.com reports.

A number of other research firms have also recently commented on JKHY. StockNews.com cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $186.80.

Jack Henry & Associates Trading Down 2.0 %

JKHY stock traded down $3.55 during midday trading on Monday, reaching $173.14. 1,020,428 shares of the company's stock traded hands, compared to its average volume of 671,084. The company has a market capitalization of $12.62 billion, a P/E ratio of 31.25, a PEG ratio of 3.36 and a beta of 0.65. 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 has a fifty-two week low of $157.00 and a fifty-two week high of $196.00. The business has a 50-day moving average price of $173.74 and a two-hundred day moving average price of $176.01.

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

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be paid 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 is Thursday, March 6th. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's payout ratio is 41.88%.

Institutional Trading of Jack Henry & Associates

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. increased its stake in shares of Jack Henry & Associates by 1.2% in the third quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company's stock worth $877,000 after buying an additional 61 shares during the last quarter. Townsquare Capital LLC increased its stake in Jack Henry & Associates by 0.7% during the third quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company's stock valued at $1,695,000 after purchasing an additional 67 shares during the last quarter. Willis Investment Counsel increased its stake in Jack Henry & Associates by 1.9% during the fourth quarter. Willis Investment Counsel now owns 3,650 shares of the technology company's stock valued at $640,000 after purchasing an additional 68 shares during the last quarter. Torray Investment Partners LLC increased its stake in Jack Henry & Associates by 0.7% during the fourth quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company's stock valued at $1,831,000 after purchasing an additional 76 shares during the last quarter. Finally, Smith Shellnut Wilson LLC ADV increased its stake in Jack Henry & Associates by 1.1% during the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company's stock valued at $1,238,000 after purchasing an additional 77 shares during the last quarter. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Company Profile

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.