Jack Henry & Associates (NASDAQ:JKHY) Price Target Raised to $186.00 at Robert W. Baird

Jack Henry & Associates (NASDAQ:JKHY) had its price target upped by Robert W. Baird from $180.00 to $186.00 in a report issued on Wednesday, Benzinga reports. Robert W. Baird currently has a neutral rating on the technology company’s stock.

Other research analysts also recently issued research reports about the stock. Evercore ISI raised their price target on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the stock an in-line rating in a research note on Tuesday, March 26th. TheStreet raised shares of Jack Henry & Associates from a c+ rating to a b- rating in a research report on Friday, December 29th. William Blair reissued an outperform rating on shares of Jack Henry & Associates in a research report on Wednesday, February 7th. Wolfe Research assumed coverage on shares of Jack Henry & Associates in a research report on Thursday, March 7th. They set a peer perform rating on the stock. Finally, Royal Bank of Canada raised their target price on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the company a sector perform rating in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $172.42.

Jack Henry & Associates Trading Up 0.5 %

JKHY stock opened at $165.60 on Wednesday. The company has a market capitalization of $12.07 billion, a PE ratio of 32.41, a P/E/G ratio of 3.86 and a beta of 0.66. Jack Henry & Associates has a 12 month low of $136.57 and a 12 month high of $178.37. The firm’s 50-day moving average is $171.36 and its 200 day moving average is $162.53. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.14 by $0.12. The company had revenue of $545.70 million for the quarter, compared to the consensus estimate of $540.34 million. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.10 EPS. On average, research analysts anticipate that Jack Henry & Associates will post 5.11 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were issued a $0.55 dividend. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Thursday, March 7th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 43.05%.

Institutional Trading of Jack Henry & Associates

A number of institutional investors have recently modified their holdings of JKHY. Schwartz Investment Counsel Inc. boosted its stake in Jack Henry & Associates by 14.5% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 266,350 shares of the technology company’s stock worth $43,524,000 after purchasing an additional 33,700 shares in the last quarter. Nordea Investment Management AB boosted its stake in Jack Henry & Associates by 16.1% in the 3rd quarter. Nordea Investment Management AB now owns 545,605 shares of the technology company’s stock worth $82,779,000 after purchasing an additional 75,735 shares in the last quarter. Inspire Investing LLC boosted its stake in Jack Henry & Associates by 5.1% in the 3rd quarter. Inspire Investing LLC now owns 4,446 shares of the technology company’s stock worth $672,000 after purchasing an additional 217 shares in the last quarter. CWM LLC boosted its stake in Jack Henry & Associates by 7.8% in the 3rd quarter. CWM LLC now owns 1,945 shares of the technology company’s stock worth $294,000 after purchasing an additional 141 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in Jack Henry & Associates by 202.0% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,106 shares of the technology company’s stock worth $1,527,000 after purchasing an additional 6,760 shares in the last quarter. 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.