Jack Henry & Associates, Inc. (JKHY) Receives Average Rating of “Hold” from Brokerages

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have been assigned an average recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $140.00.

Several equities analysts have recently issued reports on the company. Zacks Investment Research cut Jack Henry & Associates from a “hold” rating to a “sell” rating in a research report on Saturday, November 10th. BidaskClub cut Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 10th. ValuEngine cut Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 8th. Wells Fargo & Co lifted their price target on Jack Henry & Associates from $110.00 to $160.00 and gave the company a “market perform” rating in a research report on Thursday, August 23rd. Finally, Cantor Fitzgerald lifted their price target on Jack Henry & Associates from $141.00 to $169.00 and gave the company an “overweight” rating in a research report on Thursday, August 23rd.

JKHY traded up $0.57 during trading hours on Friday, hitting $139.70. The company’s stock had a trading volume of 927,593 shares, compared to its average volume of 495,045. Jack Henry & Associates has a fifty-two week low of $112.30 and a fifty-two week high of $163.68. The stock has a market cap of $10.86 billion, a P/E ratio of 38.93, a P/E/G ratio of 3.41 and a beta of 0.93.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, November 6th. The technology company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.15. Jack Henry & Associates had a return on equity of 24.13% and a net margin of 25.29%. The company had revenue of $392.54 million for the quarter, compared to analysts’ expectations of $385.12 million. During the same period last year, the firm earned $0.86 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities analysts predict that Jack Henry & Associates will post 3.75 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Monday, December 3rd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, November 30th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 41.23%.

Hedge funds have recently modified their holdings of the company. Sawtooth Solutions LLC grew its holdings in shares of Jack Henry & Associates by 21.3% in the 3rd quarter. Sawtooth Solutions LLC now owns 1,905 shares of the technology company’s stock worth $305,000 after acquiring an additional 335 shares during the last quarter. MetLife Investment Advisors LLC grew its holdings in shares of Jack Henry & Associates by 0.8% in the 2nd quarter. MetLife Investment Advisors LLC now owns 48,580 shares of the technology company’s stock worth $6,333,000 after acquiring an additional 364 shares during the last quarter. Intrust Bank NA grew its holdings in shares of Jack Henry & Associates by 11.7% in the 2nd quarter. Intrust Bank NA now owns 3,490 shares of the technology company’s stock worth $455,000 after acquiring an additional 366 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Jack Henry & Associates by 6.3% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 6,196 shares of the technology company’s stock worth $992,000 after acquiring an additional 368 shares during the last quarter. Finally, Cox Capital Mgt LLC grew its holdings in shares of Jack Henry & Associates by 3.1% in the 3rd quarter. Cox Capital Mgt LLC now owns 12,521 shares of the technology company’s stock worth $2,004,000 after acquiring an additional 380 shares during the last quarter. Institutional investors own 86.24% of the company’s stock.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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Analyst Recommendations for Jack Henry & Associates (NASDAQ:JKHY)

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