Jack Henry & Associates (NASDAQ:JKHY) Price Target Increased to $186.00 by Analysts at Robert W. Baird

Jack Henry & Associates (NASDAQ:JKHY) had its price objective increased by Robert W. Baird from $180.00 to $186.00 in a research report report published on Wednesday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the technology company’s stock.

JKHY has been the topic of several other reports. StockNews.com raised Jack Henry & Associates from a hold rating to a buy rating in a report on Friday, April 12th. Evercore ISI increased their price target on Jack Henry & Associates from $157.00 to $172.00 and gave the company an in-line rating in a report on Tuesday, March 26th. Wolfe Research began coverage on Jack Henry & Associates in a report on Thursday, March 7th. They set a peer perform rating on the stock. William Blair reaffirmed an outperform rating on shares of Jack Henry & Associates in a report on Wednesday, February 7th. Finally, Citigroup began coverage on Jack Henry & Associates in a report on Thursday, January 18th. They issued a neutral rating and a $177.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $172.42.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $164.67 on Wednesday. The business’s fifty day simple moving average is $171.84 and its two-hundred day simple moving average is $162.39. The company has a market cap of $12.00 billion, a price-to-earnings ratio of 32.25, a P/E/G ratio of 3.87 and a beta of 0.66. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.15. Jack Henry & Associates has a 12 month low of $136.57 and a 12 month high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.12. The firm had revenue of $545.70 million for the quarter, compared to analysts’ expectations of $540.34 million. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 EPS. Research analysts anticipate that Jack Henry & Associates will post 5.11 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were issued a dividend of $0.55 per share. The ex-dividend date was Thursday, March 7th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 dividend on an annualized basis and a yield of 1.34%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 43.05%.

Institutional Investors Weigh In On Jack Henry & Associates

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Czech National Bank raised its holdings in Jack Henry & Associates by 0.5% during the first quarter. Czech National Bank now owns 12,821 shares of the technology company’s stock valued at $2,227,000 after acquiring an additional 65 shares during the period. Apollon Wealth Management LLC raised its holdings in Jack Henry & Associates by 5.1% during the fourth quarter. Apollon Wealth Management LLC now owns 1,432 shares of the technology company’s stock valued at $251,000 after acquiring an additional 69 shares during the period. Horizon Investments LLC raised its holdings in Jack Henry & Associates by 5.9% during the second quarter. Horizon Investments LLC now owns 1,260 shares of the technology company’s stock valued at $211,000 after acquiring an additional 70 shares during the period. GAM Holding AG grew its position in shares of Jack Henry & Associates by 0.5% during the third quarter. GAM Holding AG now owns 14,788 shares of the technology company’s stock valued at $2,235,000 after purchasing an additional 73 shares in the last quarter. Finally, Guinness Asset Management LTD grew its position in shares of Jack Henry & Associates by 2.9% during the third quarter. Guinness Asset Management LTD now owns 2,644 shares of the technology company’s stock valued at $400,000 after purchasing an additional 74 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

About Jack Henry & Associates

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.