Brokerages Set Jack Henry & Associates, Inc. (NASDAQ:JKHY) PT at $176.45

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been given an average rating of “Hold” by the thirteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $176.45.

JKHY has been the topic of several analyst reports. Keefe, Bruyette & Woods raised their price objective on Jack Henry & Associates from $178.00 to $180.00 and gave the stock a “market perform” rating in a report on Thursday, August 22nd. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, May 8th. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Finally, Evercore ISI boosted their price target on Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new stake in Jack Henry & Associates during the fourth quarter valued at approximately $18,238,000. Louisiana State Employees Retirement System acquired a new stake in Jack Henry & Associates during the fourth quarter valued at approximately $719,000. abrdn plc raised its stake in Jack Henry & Associates by 73.5% during the fourth quarter. abrdn plc now owns 31,048 shares of the technology company’s stock valued at $5,074,000 after buying an additional 13,150 shares in the last quarter. OLD National Bancorp IN acquired a new stake in Jack Henry & Associates during the fourth quarter valued at approximately $204,000. Finally, New York State Common Retirement Fund raised its stake in Jack Henry & Associates by 3.8% during the fourth quarter. New York State Common Retirement Fund now owns 133,306 shares of the technology company’s stock valued at $21,784,000 after buying an additional 4,895 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $173.03 on Friday. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 33.40, a price-to-earnings-growth ratio of 3.98 and a beta of 0.63. The stock has a 50 day simple moving average of $166.80 and a 200-day simple moving average of $167.76. Jack Henry & Associates has a 12-month low of $136.57 and a 12-month high of $178.37. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.08. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The business had revenue of $559.91 million for the quarter, compared to analysts’ expectations of $563.37 million. During the same quarter last year, the firm earned $1.34 earnings per share. On average, equities analysts forecast that Jack Henry & Associates will post 5.19 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, September 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is 42.47%.

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.