Jack Henry & Associates, Inc. (JKHY) Receives Consensus Recommendation of “Hold” from Brokerages

Jack Henry & Associates, Inc. (NASDAQ:JKHY) has earned an average rating of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $110.50.

Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Robert W. Baird reiterated a “hold” rating and set a $104.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, September 19th. Royal Bank Of Canada reiterated a “hold” rating and set a $96.00 target price on shares of Jack Henry & Associates in a research report on Friday, October 20th. BidaskClub downgraded Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, Cantor Fitzgerald assumed coverage on Jack Henry & Associates in a research report on Monday, August 28th. They set an “overweight” rating and a $112.00 target price on the stock.

Jack Henry & Associates (NASDAQ JKHY) opened at $113.10 on Wednesday. The firm has a market capitalization of $8,715.91, a price-to-earnings ratio of 36.29, a P/E/G ratio of 2.98 and a beta of 0.77. Jack Henry & Associates has a 52-week low of $84.28 and a 52-week high of $115.34.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, August 15th. The technology company reported $0.83 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. The company had revenue of $383.77 million for the quarter, compared to the consensus estimate of $372.98 million. Jack Henry & Associates had a return on equity of 23.92% and a net margin of 17.08%. Jack Henry & Associates’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.06 earnings per share. analysts expect that Jack Henry & Associates will post 3.29 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.24 dividend on an annualized basis and a yield of 1.10%. Jack Henry & Associates’s dividend payout ratio is presently 39.12%.

In other Jack Henry & Associates news, VP Mark S. Forbis sold 2,600 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $101.16, for a total transaction of $263,016.00. Following the sale, the vice president now directly owns 1,696 shares of the company’s stock, valued at $171,567.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kevin D. Williams sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $101.63, for a total value of $2,032,600.00. Following the sale, the insider now directly owns 43,314 shares in the company, valued at $4,402,001.82. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the company. National Planning Corp increased its holdings in shares of Jack Henry & Associates by 0.3% in the second quarter. National Planning Corp now owns 3,541 shares of the technology company’s stock worth $365,000 after purchasing an additional 11 shares during the last quarter. Wrapmanager Inc. increased its holdings in shares of Jack Henry & Associates by 0.4% in the second quarter. Wrapmanager Inc. now owns 3,521 shares of the technology company’s stock worth $366,000 after purchasing an additional 13 shares during the last quarter. Sawtooth Solutions LLC increased its holdings in shares of Jack Henry & Associates by 1.4% in the second quarter. Sawtooth Solutions LLC now owns 2,413 shares of the technology company’s stock worth $251,000 after purchasing an additional 33 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Jack Henry & Associates by 0.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 10,529 shares of the technology company’s stock worth $1,094,000 after purchasing an additional 42 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC increased its holdings in shares of Jack Henry & Associates by 4.3% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,088 shares of the technology company’s stock worth $112,000 after purchasing an additional 45 shares during the last quarter. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

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Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union).

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