Analysts Set Jack Henry & Associates, Inc. (NASDAQ:JKHY) Target Price at $189.00

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been assigned an average rating of “Hold” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $189.00.

A number of analysts recently issued reports on JKHY shares. Keefe, Bruyette & Woods lifted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Stephens reissued an “equal weight” rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Oppenheimer started coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 target price on the stock. Finally, UBS Group increased their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th.

Jack Henry & Associates Trading Up 0.1 %

NASDAQ:JKHY opened at $175.30 on Friday. The company has a market cap of $12.79 billion, a P/E ratio of 32.11, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61. Jack Henry & Associates has a twelve month low of $157.00 and a twelve month high of $189.63. The business has a 50 day moving average price of $177.02 and a two-hundred day moving average price of $173.32. 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 announced its earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The business had revenue of $600.98 million during the quarter, compared to analysts’ expectations of $599.56 million. During the same quarter in the prior year, the company posted $1.39 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. As a group, 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 was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were issued a $0.55 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.20 annualized dividend and a yield of 1.25%. Jack Henry & Associates’s dividend payout ratio is currently 40.29%.

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the stock in a transaction 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 transaction, the insider now owns 138,665 shares in the company, valued at $23,756,087.80. This trade represents a 11.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Jack Henry & Associates

A number of hedge funds have recently bought and sold shares of the business. Strategic Financial Concepts LLC acquired a new position in Jack Henry & Associates in the 2nd quarter valued at $25,000. Wilmington Savings Fund Society FSB acquired a new position in Jack Henry & Associates in the third quarter valued at about $26,000. Tortoise Investment Management LLC lifted its position in Jack Henry & Associates by 76.3% during the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock worth $27,000 after purchasing an additional 71 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in Jack Henry & Associates during the third quarter worth about $48,000. Finally, Point72 Asset Management L.P. bought a new position in Jack Henry & Associates in the 3rd quarter valued at about $54,000. 98.75% of the stock is 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.