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

StockNews.com upgraded shares of Jack Henry & Associates (NASDAQ:JKHYFree Report) from a hold rating to a buy rating in a research note issued to investors on Friday.

Other research analysts also recently issued reports about the stock. Wolfe Research began coverage on shares of Jack Henry & Associates in a research report on Thursday, March 7th. They issued a peer perform rating on the stock. William Blair reaffirmed an outperform rating on shares of Jack Henry & Associates in a research report on Wednesday, May 8th. Evercore ISI raised their price objective on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the stock an in-line rating in a research report on Tuesday, March 26th. DA Davidson reissued a buy rating and set a $198.00 price objective on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. Finally, Robert W. Baird raised their price objective on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a neutral rating in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Jack Henry & Associates currently has a consensus rating of Hold and an average price target of $174.42.

Read Our Latest Stock Analysis on JKHY

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $165.04 on Friday. The firm has a market cap of $12.03 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 4.17 and a beta of 0.62. Jack Henry & Associates has a 52-week low of $136.57 and a 52-week high of $178.37. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average is $165.57 and its two-hundred day moving average is $167.70.

Jack Henry & Associates (NASDAQ:JKHYGet Free Report) last released its earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.02. Jack Henry & Associates had a net margin of 17.28% and a return on equity of 22.18%. The company had revenue of $538.56 million for the quarter, compared to analyst estimates of $541.80 million. During the same period in the prior year, the business earned $1.12 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. On average, research analysts expect that Jack Henry & Associates will post 5.19 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Friday, May 24th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 42.47%.

Institutional Trading of Jack Henry & Associates

Several hedge funds have recently made changes to their positions in the company. Blair William & Co. IL lifted its stake in shares of Jack Henry & Associates by 15.5% in the third quarter. Blair William & Co. IL now owns 7,573 shares of the technology company’s stock valued at $1,145,000 after purchasing an additional 1,014 shares during the period. Johnson Investment Counsel Inc. lifted its stake in shares of Jack Henry & Associates by 0.8% in the third quarter. Johnson Investment Counsel Inc. now owns 9,654 shares of the technology company’s stock valued at $1,459,000 after purchasing an additional 81 shares during the period. Kestra Advisory Services LLC lifted its stake in shares of Jack Henry & Associates by 33.4% in the third quarter. Kestra Advisory Services LLC now owns 5,352 shares of the technology company’s stock valued at $809,000 after purchasing an additional 1,340 shares during the period. Rafferty Asset Management LLC lifted its stake in shares of Jack Henry & Associates by 4.4% in the third quarter. Rafferty Asset Management LLC now owns 24,444 shares of the technology company’s stock valued at $3,694,000 after purchasing an additional 1,036 shares during the period. Finally, QRG Capital Management Inc. acquired a new stake in shares of Jack Henry & Associates in the third quarter valued at about $2,856,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Company Profile

(Get Free Report)

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.

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

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