Robert W. Baird reissued their hold rating on shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in a report released on Friday. They currently have a $114.00 price target on the technology company’s stock.
JKHY has been the topic of several other reports. Zacks Investment Research upgraded shares of Jack Henry & Associates from a sell rating to a hold rating in a research report on Wednesday, September 6th. Cantor Fitzgerald boosted their target price on shares of Jack Henry & Associates to $128.00 and gave the stock an overweight rating in a research report on Thursday. Stephens restated an equal weight rating and set a $97.00 target price (up from $93.00) on shares of Jack Henry & Associates in a research report on Friday, August 18th. Royal Bank Of Canada restated a sector perform rating and set a $103.00 target price (up from $96.00) on shares of Jack Henry & Associates in a research report on Thursday. Finally, BidaskClub lowered shares of Jack Henry & Associates from a strong-buy rating to a buy rating in a research report on Saturday, August 19th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Jack Henry & Associates has an average rating of Hold and an average target price of $110.50.
Jack Henry & Associates (NASDAQ JKHY) opened at $113.69 on Friday. The stock has a market cap of $8,780.79, a price-to-earnings ratio of 36.56, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77. Jack Henry & Associates has a 12 month low of $83.07 and a 12 month high of $115.34.
Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, August 15th. The technology company reported $0.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.83. The company had revenue of $383.77 million for the quarter, compared to analysts’ expectations of $372.98 million. Jack Henry & Associates had a net margin of 17.08% and a return on equity of 23.92%. Jack Henry & Associates’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.06 EPS. research analysts anticipate that Jack Henry & Associates will post 3.29 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.09%. Jack Henry & Associates’s dividend payout ratio is presently 39.12%.
In related news, insider Kevin D. Williams sold 20,000 shares of the business’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 approximately $4,402,001.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Mark S. Forbis sold 2,600 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $101.16, for a total transaction of $263,016.00. Following the completion of the transaction, the vice president now directly owns 1,696 shares of the company’s stock, valued at approximately $171,567.36. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC raised its stake in Jack Henry & Associates by 4.3% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,088 shares of the technology company’s stock valued at $112,000 after purchasing an additional 45 shares during the last quarter. Acrospire Investment Management LLC acquired a new position in Jack Henry & Associates in the 2nd quarter valued at about $114,000. Parallel Advisors LLC raised its stake in Jack Henry & Associates by 9.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,216 shares of the technology company’s stock valued at $131,000 after purchasing an additional 108 shares during the last quarter. IFP Advisors Inc raised its stake in Jack Henry & Associates by 40.6% in the 2nd quarter. IFP Advisors Inc now owns 1,312 shares of the technology company’s stock valued at $136,000 after purchasing an additional 379 shares during the last quarter. Finally, MPS Loria Financial Planners LLC acquired a new position in Jack Henry & Associates in the 2nd quarter valued at about $145,000. 90.13% of the stock is owned by hedge funds and other institutional investors.
About Jack Henry & Associates
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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