Jack Henry & Associates, Inc. (NASDAQ:JKHY) Receives $189.00 Average Price Target from Analysts

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have earned a consensus rating of “Hold” from the twelve analysts that are covering the firm, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $189.00.

Several analysts recently commented on JKHY shares. William Blair cut shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Royal Bank of Canada boosted their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods boosted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird raised their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th.

Insider Transactions at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $23,756,087.80. This represents a 11.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Jack Henry & Associates

Institutional investors and hedge funds have recently bought and sold shares of the stock. Financial Advocates Investment Management acquired a new stake in shares of Jack Henry & Associates during the 2nd quarter worth $368,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Jack Henry & Associates by 6.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,956 shares of the technology company’s stock worth $3,147,000 after purchasing an additional 1,151 shares during the period. Principal Financial Group Inc. increased its position in Jack Henry & Associates by 188.4% during the 2nd quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock worth $46,819,000 after purchasing an additional 184,210 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Jack Henry & Associates by 2.3% in the second quarter. Crossmark Global Holdings Inc. now owns 14,678 shares of the technology company’s stock valued at $2,437,000 after buying an additional 333 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Jack Henry & Associates by 187.4% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 17,747 shares of the technology company’s stock valued at $2,946,000 after buying an additional 11,573 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Trading Up 0.4 %

NASDAQ JKHY opened at $173.70 on Friday. Jack Henry & Associates has a 52-week low of $157.00 and a 52-week high of $189.63. The firm has a 50-day moving average price of $176.61 and a 200 day moving average price of $173.38. The stock has a market capitalization of $12.67 billion, a P/E ratio of 31.81, a P/E/G ratio of 3.39 and a beta of 0.61. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03.

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

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were issued a $0.55 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.20 annualized dividend and a yield of 1.27%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 40.29%.

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.