Jack Henry & Associates (NASDAQ:JKHY) Given Sector Perform Rating at Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of Jack Henry & Associates (NASDAQ:JKHY) in a research report sent to investors on Friday, Benzinga reports. They currently have a $181.00 price objective on the technology company’s stock.

A number of other equities analysts have also recently commented on the company. Evercore ISI lifted their price target on Jack Henry & Associates from $172.00 to $175.00 and gave the stock an in-line rating in a research note on Tuesday, June 25th. Keefe, Bruyette & Woods lifted their target price on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the stock a market perform rating in a research note on Thursday, August 22nd. Compass Point assumed coverage on shares of Jack Henry & Associates in a research report on Wednesday, September 4th. They set a neutral rating and a $186.00 price target for the company. Finally, StockNews.com upgraded shares of Jack Henry & Associates from a hold rating to a buy rating in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and an average target price of $177.25.

Jack Henry & Associates Trading Up 1.3 %

Shares of JKHY opened at $171.90 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00. Jack Henry & Associates has a fifty-two week low of $136.57 and a fifty-two week high of $178.37. The firm has a 50 day moving average price of $167.45 and a 200-day moving average price of $167.71. The firm has a market cap of $12.53 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 3.01 and a beta of 0.64.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.08. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. The business had revenue of $559.91 million during the quarter, compared to the consensus estimate of $563.37 million. During the same period in the previous year, the firm posted $1.34 earnings per share. As a group, equities research analysts forecast that Jack Henry & Associates will post 5.79 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.20 annualized dividend and a yield of 1.28%. Jack Henry & Associates’s payout ratio is 42.47%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Strategic Financial Concepts LLC purchased a new stake in Jack Henry & Associates in the second quarter worth $25,000. Tortoise Investment Management LLC grew its position in shares of Jack Henry & Associates by 76.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock worth $27,000 after buying an additional 71 shares during the period. New Covenant Trust Company N.A. bought a new position in shares of Jack Henry & Associates in the 1st quarter worth about $30,000. Blue Trust Inc. lifted its position in Jack Henry & Associates by 148.9% during the 2nd quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after acquiring an additional 134 shares during the period. Finally, VisionPoint Advisory Group LLC bought a new stake in Jack Henry & Associates during the fourth quarter worth about $44,000. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Company Profile

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.