Jack Henry & Associates (NASDAQ:JKHY) Price Target Raised to $195.00

Jack Henry & Associates (NASDAQ:JKHY) had its price target upped by Robert W. Baird from $186.00 to $195.00 in a report released on Thursday morning, Marketbeat reports. The brokerage currently has a neutral rating on the technology company’s stock.

JKHY has been the subject of a number of other reports. Royal Bank of Canada restated a “sector perform” rating and set a $181.00 price objective on shares of Jack Henry & Associates in a research report on Friday, September 6th. Keefe, Bruyette & Woods raised their price target on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the stock a “market perform” rating in a report on Thursday, August 22nd. Oppenheimer initiated coverage on shares of Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price objective on the stock. Compass Point started coverage on shares of Jack Henry & Associates in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price for the company. Finally, Evercore ISI boosted their price target on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Jack Henry & Associates presently has an average rating of “Hold” and a consensus target price of $184.90.

Jack Henry & Associates Stock Up 0.1 %

JKHY stock opened at $186.12 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $13.57 billion, a P/E ratio of 35.93, a P/E/G ratio of 3.35 and a beta of 0.64. Jack Henry & Associates has a 52-week low of $136.57 and a 52-week high of $186.93. The company’s 50 day simple moving average is $174.49 and its 200-day simple moving average is $169.07.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.08. The company had revenue of $559.91 million for the quarter, compared to the consensus estimate of $563.37 million. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. During the same period in the previous year, the business earned $1.34 EPS. As a group, equities research analysts anticipate that Jack Henry & Associates will post 5.82 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is 42.47%.

Hedge Funds Weigh In On Jack Henry & Associates

A number of institutional investors have recently made changes to their positions in the business. Strategic Financial Concepts LLC acquired a new stake in Jack Henry & Associates in the 2nd quarter valued at approximately $25,000. Tortoise Investment Management LLC grew its stake in shares of Jack Henry & Associates by 76.3% in the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock worth $27,000 after acquiring an additional 71 shares during the last quarter. New Covenant Trust Company N.A. acquired a new stake in shares of Jack Henry & Associates in the first quarter worth $30,000. Blue Trust Inc. increased its position in Jack Henry & Associates by 148.9% during the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock worth $39,000 after acquiring an additional 134 shares during the period. Finally, Riverview Trust Co acquired a new position in Jack Henry & Associates during the 1st quarter valued at $51,000. 98.75% of the stock is currently owned by institutional investors.

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.