Jack Henry & Associates (NASDAQ:JKHY) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of Jack Henry & Associates (NASDAQ:JKHYFree Report) from a hold rating to a buy rating in a report issued on Friday morning.

Several other research analysts also recently issued reports on the company. William Blair restated an outperform rating on shares of Jack Henry & Associates in a research report on Wednesday, May 8th. Evercore ISI lifted their price objective on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an in-line rating in a research report on Tuesday, March 26th. DA Davidson reaffirmed a buy rating and issued a $198.00 target price on shares of Jack Henry & Associates in a research note on Tuesday, April 30th. Robert W. Baird lifted their target price on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a neutral rating in a research note on Wednesday, April 17th. Finally, Wolfe Research began coverage on shares of Jack Henry & Associates in a research note on Thursday, March 7th. They issued a peer perform rating for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and an average price target of $174.42.

Read Our Latest Stock Report on JKHY

Jack Henry & Associates Price Performance

JKHY stock opened at $161.57 on Friday. The firm has a 50 day moving average of $165.71 and a 200-day moving average of $167.66. 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. The company has a market cap of $11.78 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 4.17 and a beta of 0.62.

Jack Henry & Associates (NASDAQ:JKHYGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. Jack Henry & Associates had a net margin of 17.28% and a return on equity of 22.18%. The company had revenue of $538.56 million during the quarter, compared to the consensus estimate of $541.80 million. During the same period last year, the firm earned $1.12 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities analysts expect that Jack Henry & Associates will post 5.19 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th will be paid a dividend of $0.55 per share. The ex-dividend date is Friday, May 24th. This represents a $2.20 annualized dividend and a dividend yield of 1.36%. Jack Henry & Associates’s dividend payout ratio is presently 42.47%.

Institutional Trading of Jack Henry & Associates

Institutional investors have recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC boosted its position in Jack Henry & Associates by 352.2% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 12,222 shares of the technology company’s stock worth $1,997,000 after purchasing an additional 9,519 shares during the period. BNP Paribas Financial Markets boosted its position in Jack Henry & Associates by 36.6% during the 4th quarter. BNP Paribas Financial Markets now owns 121,466 shares of the technology company’s stock worth $19,849,000 after purchasing an additional 32,537 shares during the period. Schwartz Investment Counsel Inc. lifted its holdings 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 buying an additional 33,700 shares in the last quarter. Torray Investment Partners LLC lifted its holdings in Jack Henry & Associates by 2.5% in the 4th quarter. Torray Investment Partners LLC now owns 8,956 shares of the technology company’s stock worth $1,464,000 after buying an additional 221 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings 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 buying an additional 75,735 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

About Jack Henry & Associates

(Get Free Report)

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.

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

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