Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) has earned a consensus rating of "Hold" from the ten research firms that are currently covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $185.25.

A number of brokerages have issued reports on JKHY. DA Davidson cut Jack Henry & Associates from a "buy" rating to a "neutral" rating and set a $210.00 price objective for the company. in a research note on Thursday, August 18th. Royal Bank of Canada lifted their price objective on Jack Henry & Associates from $190.00 to $199.00 and gave the company a "sector perform" rating in a research note on Thursday, August 18th. Credit Suisse Group lifted their price objective on Jack Henry & Associates from $175.00 to $180.00 and gave the company a "neutral" rating in a research note on Thursday, August 18th. StockNews.com cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Thursday, August 25th. Finally, Morgan Stanley cut their price objective on Jack Henry & Associates from $190.00 to $185.00 and set an "equal weight" rating for the company in a report on Thursday, August 18th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Allianz Asset Management GmbH grew its stake in Jack Henry & Associates by 580.7% in the fourth quarter. Allianz Asset Management GmbH now owns 10,592 shares of the technology company's stock worth $1,769,000 after purchasing an additional 9,036 shares in the last quarter. Renaissance Technologies LLC bought a new position in Jack Henry & Associates in the fourth quarter worth approximately $12,578,000. Invesco Ltd. grew its stake in Jack Henry & Associates by 12.2% in the fourth quarter. Invesco Ltd. now owns 927,632 shares of the technology company's stock worth $154,906,000 after purchasing an additional 100,517 shares in the last quarter. Schroder Investment Management Group grew its stake in Jack Henry & Associates by 46.7% in the fourth quarter. Schroder Investment Management Group now owns 123,678 shares of the technology company's stock worth $20,652,000 after purchasing an additional 39,371 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in Jack Henry & Associates by 8.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,256 shares of the technology company's stock worth $209,000 after purchasing an additional 98 shares in the last quarter. Institutional investors own 90.80% of the company's stock.

Jack Henry & Associates Trading Down 0.4 %

Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last released its earnings results on Tuesday, August 16th. The technology company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.10. The company had revenue of $482.67 million during the quarter, compared to analysts' expectations of $480.30 million. Jack Henry & Associates had a return on equity of 26.99% and a net margin of 18.68%. The firm's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 EPS. Analysts predict that Jack Henry & Associates will post 4.92 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Friday, September 9th were given a dividend of $0.49 per share. The ex-dividend date was Thursday, September 8th. This represents a $1.96 dividend on an annualized basis and a yield of 1.08%. Jack Henry & Associates's dividend payout ratio (DPR) is presently 39.68%.

Jack Henry & Associates Company Profile

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Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset 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.

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