Analysts Set Jack Henry & Associates, Inc. (NASDAQ:JKHY) PT at $174.42

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has received a consensus recommendation of “Hold” from the fourteen brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $174.42.

A number of equities research analysts recently weighed in on the stock. Robert W. Baird upped their target price on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Friday. DA Davidson restated a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a report on Tuesday, April 30th. Evercore ISI upped their target price on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a report on Tuesday, March 26th. Finally, William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $161.57 on Tuesday. The firm’s 50-day moving average price is $165.71 and its 200-day moving average price is $167.58. Jack Henry & Associates has a 1-year low of $136.57 and a 1-year high of $178.37. The firm has a market capitalization of $11.78 billion, a P/E ratio of 31.19, a P/E/G ratio of 4.09 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) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.19 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $538.56 million for the quarter, compared to analyst estimates of $541.80 million. During the same quarter in the prior year, the business earned $1.12 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities research analysts anticipate that Jack Henry & Associates will post 5.19 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th will be given 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 of this dividend is Friday, May 24th. Jack Henry & Associates’s dividend payout ratio is currently 42.47%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. New Covenant Trust Company N.A. bought a new position in shares of Jack Henry & Associates during the 1st quarter valued at approximately $30,000. Planned Solutions Inc. bought a new position in Jack Henry & Associates in the 4th quarter worth approximately $33,000. Anchor Investment Management LLC bought a new position in Jack Henry & Associates in the 4th quarter worth approximately $35,000. VisionPoint Advisory Group LLC bought a new position in Jack Henry & Associates in the 4th quarter worth approximately $44,000. Finally, Riverview Trust Co bought a new position in Jack Henry & Associates in the 1st quarter worth approximately $51,000. 98.75% of the stock is owned by institutional investors.

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.