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.
Get
Jack Henry & Associates alerts:
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 %
JKHY opened at $182.27 on Friday. The business has a 50 day simple moving average of $198.17 and a two-hundred day simple moving average of $191.47. The firm has a market capitalization of $13.29 billion, a price-to-earnings ratio of 36.90, a PEG ratio of 4.13 and a beta of 0.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.13 and a quick ratio of 1.13. Jack Henry & Associates has a one year low of $147.50 and a one year high of $212.62.
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
(Get Rating)
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.
Featured Stories
- Get a free copy of the StockNews.com research report on Jack Henry & Associates (JKHY)
- EV Battery Maker Freyr Set For Major Global Expansion
- MarketBeat: Week in Review 9/26 – 9/30
- This Is A Memorable Time To Buy Into Micron Technology
- Declining Profits Challenge the CarMax Value Proposition
- Let Paychex Stock Work Hard For You
Receive News & Ratings for Jack Henry & Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates and related companies with MarketBeat.com's FREE daily email newsletter.
