Brokerages Set Jack Henry & Associates (JKHY) PT at $121.17

Shares of Jack Henry & Associates (NASDAQ:JKHY) have received an average rating of “Hold” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $121.17.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a report on Friday, May 4th. BidaskClub lowered Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 6th. ValuEngine raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $128.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, February 6th. Finally, Stephens reaffirmed a “hold” rating and issued a $118.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, February 6th.

In other news, CEO David B. Foss sold 7,000 shares of the stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $123.44, for a total transaction of $864,080.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Mark S. Forbis sold 1,014 shares of the stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $123.19, for a total value of $124,914.66. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.



Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in Jack Henry & Associates by 1.7% during the 1st quarter. BlackRock Inc. now owns 8,863,933 shares of the technology company’s stock valued at $1,072,093,000 after purchasing an additional 150,882 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Jack Henry & Associates by 3.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,868,124 shares of the technology company’s stock worth $225,952,000 after acquiring an additional 69,778 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Jack Henry & Associates by 0.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,166,434 shares of the technology company’s stock worth $136,426,000 after acquiring an additional 9,507 shares in the last quarter. Geode Capital Management LLC boosted its stake in Jack Henry & Associates by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 840,263 shares of the technology company’s stock worth $98,230,000 after acquiring an additional 18,362 shares in the last quarter. Finally, Congress Asset Management Co. MA boosted its stake in Jack Henry & Associates by 2.1% during the fourth quarter. Congress Asset Management Co. MA now owns 786,312 shares of the technology company’s stock worth $91,967,000 after acquiring an additional 15,914 shares in the last quarter. 88.79% of the stock is currently owned by institutional investors and hedge funds.

Shares of Jack Henry & Associates traded down $2.10, reaching $121.89, during trading on Wednesday, according to Marketbeat Ratings. The company’s stock had a trading volume of 2,849 shares, compared to its average volume of 334,869. Jack Henry & Associates has a twelve month low of $121.88 and a twelve month high of $123.90. The firm has a market cap of $9.58 billion, a price-to-earnings ratio of 39.21, a PEG ratio of 3.25 and a beta of 0.78. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.09.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, May 1st. The technology company reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.07. Jack Henry & Associates had a return on equity of 23.12% and a net margin of 23.69%. The company had revenue of $384.70 million for the quarter, compared to analyst estimates of $376.41 million. During the same period in the prior year, the company posted $0.77 EPS. Jack Henry & Associates’s quarterly revenue was up 8.7% on a year-over-year basis. equities analysts expect that Jack Henry & Associates will post 3.47 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 7th. Stockholders of record on Wednesday, May 23rd will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Tuesday, May 22nd. Jack Henry & Associates’s dividend payout ratio is 47.13%.

About Jack Henry & Associates

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

Analyst Recommendations for Jack Henry & Associates (NASDAQ:JKHY)

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