Several other equities research analysts have also recently issued reports on JKHY. Zacks Investment Research raised shares of Jack Henry & Associates from a sell rating to a hold rating in a research report on Thursday. Atlantic Securities initiated coverage on shares of Jack Henry & Associates in a research report on Tuesday, September 3rd. They issued a neutral rating and a $147.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Jack Henry & Associates has a consensus rating of Buy and an average target price of $151.50.
Jack Henry & Associates stock opened at $145.21 on Thursday. The stock has a market cap of $11.27 billion, a price-to-earnings ratio of 41.25, a price-to-earnings-growth ratio of 3.48 and a beta of 0.92. Jack Henry & Associates has a 1 year low of $120.20 and a 1 year high of $163.68. The firm has a 50-day moving average of $141.71 and a two-hundred day moving average of $138.57.
Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, August 20th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. The company had revenue of $393.50 million during the quarter, compared to analysts’ expectations of $390.70 million. Jack Henry & Associates had a net margin of 17.51% and a return on equity of 19.37%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 EPS. On average, research analysts predict that Jack Henry & Associates will post 3.66 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 9th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.60 annualized dividend and a dividend yield of 1.10%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 45.45%.
In related news, Director Matthew C. Flanigan sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $137.70, for a total transaction of $688,500.00. Following the completion of the transaction, the director now owns 49,226 shares in the company, valued at approximately $6,778,420.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark S. Forbis sold 501 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $137.58, for a total transaction of $68,927.58. Following the transaction, the insider now owns 797 shares of the company’s stock, valued at approximately $109,651.26. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,821 shares of company stock valued at $1,213,430. 0.84% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in Jack Henry & Associates by 40.0% during the 4th quarter. Geode Capital Management LLC now owns 1,395,069 shares of the technology company’s stock valued at $176,281,000 after purchasing an additional 398,777 shares in the last quarter. Comerica Bank increased its stake in Jack Henry & Associates by 82.7% during the 1st quarter. Comerica Bank now owns 27,636 shares of the technology company’s stock valued at $3,926,000 after purchasing an additional 12,512 shares in the last quarter. Victory Capital Management Inc. increased its stake in Jack Henry & Associates by 12.8% during the 1st quarter. Victory Capital Management Inc. now owns 36,575 shares of the technology company’s stock valued at $5,074,000 after purchasing an additional 4,140 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Jack Henry & Associates by 0.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 106,725 shares of the technology company’s stock valued at $14,807,000 after purchasing an additional 510 shares in the last quarter. Finally, Cetera Advisors LLC acquired a new position in Jack Henry & Associates during the 1st quarter valued at approximately $210,000. Hedge funds and other institutional investors own 90.82% 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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