1 day Ago By ABMN Staff
Shares of Jack Henry & Associates, Inc. ( NASDAQ:JKHY – Get Free Report ) have earned an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have given a buy recommendation to the company.
The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $176.55. A number of research analysts have issued reports on the company.
Royal Bank of Canada reiterated a “sector perform” rating and set a $181.00 price target on shares of Jack Henry & Associates in a research report on Friday, September 6th. Keefe, Bruyette & Woods boosted their price target on Jack Henry & Associates from $178.
00 to $180.00 and gave the stock a “market perform” rating in a research report on Thursday, August 22nd. Evercore ISI boosted their price objective on Jack Henry & Associates from $172.
00 to $175.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. StockNews.
com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Finally, Compass Point started coverage on Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $186.
00 price objective on the stock. View Our Latest Report on JKHY Jack Henry & Associates Trading Down 0.8 % Jack Henry & Associates ( NASDAQ:JKHY – Get Free Report ) last announced its quarterly earnings results on Tuesday, August 20th.
The technology company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.
08. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.
23%. The company had revenue of $559.91 million during the quarter, compared to analyst estimates of $563.
37 million. During the same quarter in the previous year, the firm posted $1.34 EPS.
As a group, research analysts expect that Jack Henry & Associates will post 5.79 EPS for the current year. Jack Henry & Associates Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th.
Stockholders of record on Friday, September 6th will be given a dividend of $0.55 per share. This represents a $2.
20 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, September 6th.
Jack Henry & Associates’s dividend payout ratio (DPR) is presently 42.47%. Institutional Investors Weigh In On Jack Henry & Associates A number of institutional investors and hedge funds have recently modified their holdings of JKHY.
Vanguard Group Inc. raised its position in Jack Henry & Associates by 0.5% during the first quarter.
Vanguard Group Inc. now owns 8,688,433 shares of the technology company’s stock valued at $1,509,441,000 after buying an additional 39,456 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in Jack Henry & Associates by 1.
7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,958,305 shares of the technology company’s stock valued at $657,158,000 after buying an additional 67,386 shares during the period. CIBC Private Wealth Group LLC raised its position in Jack Henry & Associates by 1.
3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,942,887 shares of the technology company’s stock valued at $317,487,000 after buying an additional 24,910 shares during the period. Envestnet Asset Management Inc.
raised its position in Jack Henry & Associates by 2.3% during the second quarter. Envestnet Asset Management Inc.
now owns 1,056,151 shares of the technology company’s stock valued at $175,342,000 after buying an additional 23,617 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Jack Henry & Associates by 32.
1% during the fourth quarter. Goldman Sachs Group Inc. now owns 705,582 shares of the technology company’s stock valued at $115,299,000 after buying an additional 171,477 shares during the period.
98.75% of the stock is owned by institutional investors and hedge funds. About Jack Henry & Associates ( Get Free Report 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. Read More Receive News & Ratings for Jack Henry & Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates and related companies with MarketBeat.com's FREE daily email newsletter .
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