Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives $172.42 Consensus Price Target from Analysts

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have been given a consensus rating of “Hold” by the fourteen analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $172.42.

Several brokerages have recently issued reports on JKHY. Evercore ISI upped their target price on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. TheStreet raised Jack Henry & Associates from a “c+” rating to a “b-” rating in a report on Friday, December 29th. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, February 7th. Wolfe Research assumed coverage on Jack Henry & Associates in a research report on Thursday, March 7th. They issued a “peer perform” rating for the company. Finally, Citigroup began coverage on shares of Jack Henry & Associates in a research note on Thursday, January 18th. They issued a “neutral” rating and a $177.00 price objective on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new position in shares of Jack Henry & Associates in the 3rd quarter worth about $30,000. Planned Solutions Inc. acquired a new stake in Jack Henry & Associates during the 4th quarter worth approximately $33,000. Anchor Investment Management LLC purchased a new position in Jack Henry & Associates in the fourth quarter valued at approximately $35,000. VisionPoint Advisory Group LLC acquired a new position in Jack Henry & Associates during the fourth quarter valued at approximately $44,000. Finally, Riverview Trust Co purchased a new stake in Jack Henry & Associates during the first quarter worth approximately $51,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Down 0.8 %

Jack Henry & Associates stock opened at $165.20 on Monday. The stock has a market cap of $12.04 billion, a PE ratio of 32.33, a P/E/G ratio of 3.86 and a beta of 0.66. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37. The stock’s fifty day moving average is $170.82 and its two-hundred day moving average is $163.00. Jack Henry & Associates has a 1-year low of $136.57 and a 1-year high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12. The business had revenue of $545.70 million for the quarter, compared to the consensus estimate of $540.34 million. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.10 EPS. On average, sell-side analysts expect that Jack Henry & Associates will post 5.11 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.33%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, March 7th. Jack Henry & Associates’s dividend payout ratio is presently 43.05%.

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.