Jack Henry & Associates, Inc. (NASDAQ:JKHY) Given Average Recommendation of “Hold” by Analysts

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been assigned an average rating of “Hold” from the twelve research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $186.80.

Several equities analysts have weighed in on the company. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Stephens reaffirmed an “equal weight” rating and set a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. UBS Group lifted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Robert W. Baird lifted their target price on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, William Blair lowered Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th.

Jack Henry & Associates Trading Down 1.4 %

Shares of JKHY opened at $175.15 on Wednesday. The business’s 50-day moving average price is $174.67 and its 200 day moving average price is $174.55. The stock has a market capitalization of $12.78 billion, a P/E ratio of 32.08, a P/E/G ratio of 3.27 and a beta of 0.61. Jack Henry & Associates has a 1-year low of $157.00 and a 1-year high of $189.63. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly 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. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The firm had revenue of $600.98 million for the quarter, compared to analysts’ expectations of $599.56 million. During the same quarter last year, the business posted $1.39 EPS. Jack Henry & Associates’s revenue was up 5.2% on a year-over-year basis. Analysts expect that Jack Henry & Associates will post 5.81 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors 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 1.26%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 40.29%.

Insider Buying and Selling

In other news, insider David B. Foss sold 18,770 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was 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 directly owns 138,665 shares in the company, valued at $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JKHY. American Century Companies Inc. lifted its holdings in shares of Jack Henry & Associates by 10.2% during the second quarter. American Century Companies Inc. now owns 22,554 shares of the technology company’s stock worth $3,744,000 after buying an additional 2,079 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Jack Henry & Associates by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 515,586 shares of the technology company’s stock worth $85,602,000 after buying an additional 30,359 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Jack Henry & Associates by 18.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,455 shares of the technology company’s stock worth $1,069,000 after buying an additional 1,026 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of Jack Henry & Associates by 1.3% during the second quarter. Blair William & Co. IL now owns 11,176 shares of the technology company’s stock worth $1,855,000 after buying an additional 138 shares during the last quarter. Finally, XTX Topco Ltd increased its position in shares of Jack Henry & Associates by 6.9% during the second quarter. XTX Topco Ltd now owns 3,270 shares of the technology company’s stock valued at $543,000 after purchasing an additional 210 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.