Brokerages Set Jack Henry & Associates, Inc. (NASDAQ:JKHY) Price Target at $151.50

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have been given an average rating of “Buy” by the eight research firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $151.50.

A number of brokerages have weighed in on JKHY. BidaskClub lowered Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 12th. Atlantic Securities began coverage on Jack Henry & Associates in a research note on Tuesday, September 3rd. They set a “neutral” rating and a $147.00 price target on the stock. ValuEngine raised Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 30th. Finally, Zacks Investment Research raised Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th.

JKHY stock opened at $143.48 on Wednesday. Jack Henry & Associates has a 1 year low of $120.20 and a 1 year high of $155.53. The stock’s 50 day moving average price is $145.11 and its 200 day moving average price is $140.33. The firm has a market cap of $11.03 billion, a P/E ratio of 40.76, a PEG ratio of 3.41 and a beta of 0.91.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, August 20th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Jack Henry & Associates had a return on equity of 19.37% and a net margin of 17.51%. The firm had revenue of $393.50 million for the quarter, compared to analyst estimates of $390.70 million. During the same quarter in the prior year, the company earned $1.10 EPS. Jack Henry & Associates’s revenue was up 4.0% on a year-over-year basis. On average, analysts anticipate that Jack Henry & Associates will post 3.66 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 9th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is presently 45.45%.

Several hedge funds have recently added to or reduced their stakes in JKHY. Marshall Wace LLP increased its holdings in shares of Jack Henry & Associates by 182.1% during the 1st quarter. Marshall Wace LLP now owns 27,186 shares of the technology company’s stock worth $3,772,000 after buying an additional 17,549 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Jack Henry & Associates by 37.7% during the 1st quarter. Clearbridge Investments LLC now owns 363,288 shares of the technology company’s stock worth $50,403,000 after buying an additional 99,530 shares during the last quarter. GYL Financial Synergies LLC acquired a new stake in shares of Jack Henry & Associates during the 1st quarter worth $1,000,000. Advisory Services Network LLC increased its holdings in shares of Jack Henry & Associates by 33.2% during the 1st quarter. Advisory Services Network LLC now owns 329 shares of the technology company’s stock worth $45,000 after buying an additional 82 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Jack Henry & Associates by 28.0% during the 1st quarter. Nordea Investment Management AB now owns 4,329 shares of the technology company’s stock worth $600,000 after buying an additional 947 shares during the last quarter. Institutional investors and hedge funds own 90.92% 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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Analyst Recommendations for Jack Henry & Associates (NASDAQ:JKHY)

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