Brokerages Set Jack Henry & Associates, Inc. (NASDAQ:JKHY) Target Price at $188.73

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have received an average rating of “Hold” from the thirteen ratings firms that are presently covering the company, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $188.73.

JKHY has been the subject of a number of research analyst reports. StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Friday. William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. UBS Group upped their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Robert W. Baird upped their price objective on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th.

Jack Henry & Associates Trading Down 1.4 %

Shares of NASDAQ:JKHY opened at $172.45 on Friday. The stock has a market capitalization of $12.58 billion, a PE ratio of 31.58, a P/E/G ratio of 3.34 and a beta of 0.63. The company has a current ratio of 1.11, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. Jack Henry & Associates has a 1 year low of $151.05 and a 1 year high of $189.63. The firm has a fifty day moving average price of $179.40 and a 200 day moving average price of $170.87.

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

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.28%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 40.29%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Paloma Partners Management Co acquired a new position in Jack Henry & Associates in the third quarter worth about $217,000. Cobblestone Capital Advisors LLC NY grew its stake in Jack Henry & Associates by 1.4% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 100,316 shares of the technology company’s stock worth $17,710,000 after buying an additional 1,407 shares during the last quarter. Kolinsky Wealth Management LLC grew its stake in Jack Henry & Associates by 7.0% during the third quarter. Kolinsky Wealth Management LLC now owns 1,459 shares of the technology company’s stock worth $258,000 after buying an additional 96 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new stake in Jack Henry & Associates during the third quarter worth about $1,651,000. Finally, PDT Partners LLC bought a new stake in Jack Henry & Associates during the third quarter worth about $1,723,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

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.