Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives $189.00 Consensus Target Price from Analysts

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have earned an average rating of “Hold” from the twelve research firms that are presently covering the stock, Marketbeat.com reports. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $189.00.

Several equities analysts recently commented on the stock. William Blair downgraded shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. UBS Group boosted their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Stephens reiterated an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Finally, Compass Point initiated coverage on Jack Henry & Associates in a research note on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price target on the stock.

Insiders Place Their Bets

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the sale, the insider now owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. increased its holdings in Jack Henry & Associates by 188.4% in the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock worth $46,819,000 after purchasing an additional 184,210 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of Jack Henry & Associates by 51.4% during the 2nd quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company’s stock worth $83,665,000 after buying an additional 171,041 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after acquiring an additional 131,515 shares during the period. Benjamin Edwards Inc. boosted its stake in Jack Henry & Associates by 2,032.2% during the third quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company’s stock worth $22,540,000 after acquiring an additional 121,667 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Jack Henry & Associates by 80.0% in the third quarter. Assenagon Asset Management S.A. now owns 207,757 shares of the technology company’s stock worth $36,677,000 after purchasing an additional 92,359 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Up 0.1 %

Shares of JKHY opened at $175.30 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. Jack Henry & Associates has a 52-week low of $157.00 and a 52-week high of $189.63. The firm has a market cap of $12.79 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 3.39 and a beta of 0.61. The business’s fifty day moving average is $177.02 and its 200-day moving average is $173.32.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The firm had revenue of $600.98 million for the quarter, compared to analysts’ expectations of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.39 earnings per share. Equities analysts anticipate that Jack Henry & Associates will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is presently 40.29%.

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.