Jack Henry & Associates (NASDAQ:JKHY) Upgraded at StockNews.com

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

Several other brokerages have also recently issued reports on JKHY. Keefe, Bruyette & Woods upped their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. Robert W. Baird boosted their price target 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. Stephens reaffirmed an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Compass Point began coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price for the company. Finally, UBS Group raised their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $188.73.

Jack Henry & Associates Stock Down 0.7 %

Jack Henry & Associates stock opened at $172.06 on Friday. The stock’s fifty day moving average is $179.46 and its two-hundred day moving average is $171.05. The stock has a market cap of $12.55 billion, a PE ratio of 31.38, a P/E/G ratio of 3.26 and a beta of 0.63. Jack Henry & Associates has a 1-year low of $151.59 and a 1-year high of $189.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.00.

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

Jack Henry & Associates Dividend Announcement

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

Hedge Funds Weigh In On Jack Henry & Associates

Hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its stake in shares of Jack Henry & Associates by 0.8% in the 1st quarter. Russell Investments Group Ltd. now owns 46,872 shares of the technology company’s stock worth $8,138,000 after acquiring an additional 391 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Jack Henry & Associates by 8.4% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,174 shares of the technology company’s stock worth $1,073,000 after purchasing an additional 476 shares in the last quarter. Koshinski Asset Management Inc. acquired a new stake in Jack Henry & Associates in the first quarter valued at about $206,000. State Board of Administration of Florida Retirement System boosted its holdings in Jack Henry & Associates by 4.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 91,114 shares of the technology company’s stock valued at $15,829,000 after purchasing an additional 4,252 shares in the last quarter. Finally, Blair William & Co. IL increased its position in Jack Henry & Associates by 33.7% during the 1st quarter. Blair William & Co. IL now owns 11,038 shares of the technology company’s stock worth $1,918,000 after purchasing an additional 2,780 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Company Profile

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.