Jack Henry & Associates, Inc. (NASDAQ:JKHY) has been given a consensus rating of “Buy” by the eight research firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $148.50.
Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $159.00 target price on shares of Jack Henry & Associates in a research note on Tuesday, May 7th.
JKHY traded up $0.21 during trading on Friday, hitting $132.49. 348,677 shares of the company traded hands, compared to its average volume of 473,151. The stock has a market capitalization of $10.23 billion, a price-to-earnings ratio of 36.91, a PEG ratio of 3.55 and a beta of 0.89. Jack Henry & Associates has a 1 year low of $120.20 and a 1 year high of $163.68.
Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, April 30th. The technology company reported $0.77 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.77. The company had revenue of $380.36 million during the quarter, compared to analysts’ expectations of $382.45 million. Jack Henry & Associates had a net margin of 18.79% and a return on equity of 21.72%. Jack Henry & Associates’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the company posted $0.89 earnings per share. On average, analysts anticipate that Jack Henry & Associates will post 3.5 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, May 23rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.21%. Jack Henry & Associates’s payout ratio is currently 44.57%.
In other Jack Henry & Associates news, VP Russell L. Bernthal sold 910 shares of Jack Henry & Associates stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $137.56, for a total value of $125,179.60. Following the completion of the transaction, the vice president now directly owns 4,831 shares of the company’s stock, valued at approximately $664,552.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark S. Forbis sold 1,000 shares of Jack Henry & Associates stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $134.74, for a total transaction of $134,740.00. Following the completion of the transaction, the insider now directly owns 1,013 shares of the company’s stock, valued at $136,491.62. The disclosure for this sale can be found here. Insiders sold a total of 2,660 shares of company stock valued at $360,570 over the last three months. Corporate insiders own 0.84% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in JKHY. Vanguard Group Inc lifted its holdings in shares of Jack Henry & Associates by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 7,854,780 shares of the technology company’s stock worth $1,257,394,000 after acquiring an additional 60,151 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Jack Henry & Associates in the 4th quarter worth about $268,000. Boston Advisors LLC lifted its holdings in shares of Jack Henry & Associates by 10.8% in the 4th quarter. Boston Advisors LLC now owns 2,246 shares of the technology company’s stock worth $284,000 after acquiring an additional 219 shares during the last quarter. Legacy Financial Advisors Inc. lifted its holdings in shares of Jack Henry & Associates by 415.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 227 shares of the technology company’s stock worth $29,000 after acquiring an additional 183 shares during the last quarter. Finally, Oakbrook Investments LLC bought a new stake in shares of Jack Henry & Associates in the 4th quarter worth about $539,000. Hedge funds and other institutional investors own 87.95% of the company’s stock.
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.
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