Jack Henry & Associates (NASDAQ:JKHY) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Jack Henry & Associates (NASDAQ:JKHY) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

A number of other research firms also recently issued reports on JKHY. Oppenheimer assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price target on the stock. Royal Bank of Canada boosted their price target on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods boosted their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. Stephens reissued an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Finally, Robert W. Baird boosted their price target on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $188.73.

Jack Henry & Associates Price Performance

Shares of JKHY stock opened at $176.18 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. The firm’s 50-day moving average is $179.07 and its two-hundred day moving average is $171.45. Jack Henry & Associates has a 12 month low of $154.77 and a 12 month high of $189.63. The company has a market capitalization of $12.85 billion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 3.28 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The company had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. Jack Henry & Associates’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.39 earnings per share. Analysts predict that Jack Henry & Associates will post 5.8 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.25%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 40.29%.

Insiders Place Their Bets

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 138,665 shares in the company, valued at $23,756,087.80. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of JKHY. Strategic Financial Concepts LLC acquired a new position in shares of Jack Henry & Associates in the 2nd quarter valued at $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Jack Henry & Associates in the 3rd quarter valued at $26,000. Tortoise Investment Management LLC raised its position in Jack Henry & Associates by 76.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after purchasing an additional 71 shares during the last quarter. New Covenant Trust Company N.A. purchased a new stake in Jack Henry & Associates in the 1st quarter valued at $30,000. Finally, Blue Trust Inc. raised its position in Jack Henry & Associates by 148.9% in the 2nd quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after purchasing an additional 134 shares during the last quarter. Institutional investors and hedge funds 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.