Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) have earned an average rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $110.50.

JKHY has been the subject of a number of analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $103.00 price target (up previously from $96.00) on shares of Jack Henry & Associates in a report on Thursday, November 9th. Zacks Investment Research raised Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Robert W. Baird reissued a “neutral” rating and set a $108.00 target price (up previously from $104.00) on shares of Jack Henry & Associates in a report on Tuesday, October 10th. Finally, Cantor Fitzgerald increased their price target on Jack Henry & Associates to $128.00 and gave the company an “overweight” rating in a report on Thursday, November 9th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. raised its stake in Jack Henry & Associates by 7.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 311,076 shares of the technology company’s stock valued at $32,312,000 after buying an additional 21,637 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Jack Henry & Associates by 24.2% during the second quarter. Victory Capital Management Inc. now owns 27,240 shares of the technology company’s stock worth $2,829,000 after purchasing an additional 5,313 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Jack Henry & Associates by 452.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,959 shares of the technology company’s stock worth $1,658,000 after purchasing an additional 13,071 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Jack Henry & Associates by 24.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,068 shares of the technology company’s stock worth $630,000 after purchasing an additional 1,177 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Jack Henry & Associates by 3.5% during the second quarter. Principal Financial Group Inc. now owns 334,147 shares of the technology company’s stock worth $34,708,000 after buying an additional 11,366 shares during the last quarter. Institutional investors and hedge funds own 88.98% of the company’s stock.

Shares of Jack Henry & Associates (NASDAQ JKHY) opened at $116.34 on Thursday. The company has a market capitalization of $8,990.00, a PE ratio of 36.70, a PEG ratio of 3.08 and a beta of 0.77. Jack Henry & Associates has a one year low of $88.11 and a one year high of $119.82.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were given a dividend of $0.31 per share. The ex-dividend date was Wednesday, November 29th. This represents a $1.24 annualized dividend and a dividend yield of 1.07%. Jack Henry & Associates’s dividend payout ratio is currently 39.12%.

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Jack Henry & Associates Company Profile

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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