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

Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) has been given a consensus rating of "Hold" by the fourteen brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $174.42.

A number of research firms recently commented on JKHY. Robert W. Baird increased their price objective on Jack Henry & Associates from $180.00 to $186.00 and gave the stock a "neutral" rating in a report on Wednesday, April 17th. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. StockNews.com downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Wednesday, June 5th. Evercore ISI increased their price target on Jack Henry & Associates from $157.00 to $172.00 and gave the company an "in-line" rating in a report on Tuesday, March 26th. Finally, Wolfe Research started coverage on Jack Henry & Associates in a report on Thursday, March 7th. They set a "peer perform" rating on the stock.

Jack Henry & Associates Trading Down 1.5 %

Shares of JKHY traded down $2.52 during midday trading on Tuesday, hitting $161.53. The stock had a trading volume of 418,430 shares, compared to its average volume of 427,811. Jack Henry & Associates has a fifty-two week low of $136.57 and a fifty-two week high of $178.37. The business has a 50-day simple moving average of $166.29 and a two-hundred day simple moving average of $167.55. The firm has a market cap of $11.78 billion, a P/E ratio of 31.18, a price-to-earnings-growth ratio of 4.25 and a beta of 0.62. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.02. Jack Henry & Associates had a net margin of 17.28% and a return on equity of 22.18%. The business had revenue of $538.56 million during the quarter, compared to analyst estimates of $541.80 million. During the same period in the prior year, the firm earned $1.12 earnings per share. The firm's revenue was up 5.9% compared to the same quarter last year. As a group, equities analysts forecast that Jack Henry & Associates will post 5.19 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Friday, May 24th. Jack Henry & Associates's dividend payout ratio is currently 42.47%.

Institutional Investors Weigh In On Jack Henry & Associates

A number of institutional investors and hedge funds have recently made changes to their positions in JKHY. New Covenant Trust Company N.A. acquired a new position in Jack Henry & Associates in the 1st quarter valued at $30,000. Planned Solutions Inc. acquired a new stake in shares of Jack Henry & Associates in the fourth quarter valued at about $33,000. Anchor Investment Management LLC acquired a new stake in shares of Jack Henry & Associates in the fourth quarter valued at about $35,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Jack Henry & Associates in the fourth quarter valued at about $44,000. Finally, Riverview Trust Co acquired a new stake in shares of Jack Henry & Associates in the first quarter valued at about $51,000. Institutional investors own 98.75% of the company's stock.

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.