Robert W. Baird Raises Jack Henry & Associates (NASDAQ:JKHY) Price Target to $186.00

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

Several other equities analysts have also commented on JKHY. Citigroup began coverage on shares of Jack Henry & Associates in a report on Thursday, January 18th. They set a neutral rating and a $177.00 target price on the stock. William Blair reaffirmed an outperform rating on shares of Jack Henry & Associates in a report on Wednesday, February 7th. Wolfe Research began coverage on shares of Jack Henry & Associates in a report on Thursday, March 7th. They set a peer perform rating on the stock. Royal Bank of Canada increased their target price on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the company a sector perform rating in a report on Thursday, February 8th. Finally, TheStreet raised shares of Jack Henry & Associates from a c+ rating to a b- rating in a report on Friday, December 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Jack Henry & Associates presently has a consensus rating of Hold and an average target price of $172.42.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock opened at $165.60 on Wednesday. The firm’s fifty day moving average price is $171.36 and its 200-day moving average price is $162.53. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market cap of $12.07 billion, a P/E ratio of 32.41, a price-to-earnings-growth ratio of 3.86 and a beta of 0.66. Jack Henry & Associates has a fifty-two week low of $136.57 and a fifty-two week high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data 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 net margin of 17.26% and a return on equity of 22.67%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company posted $1.10 EPS. On average, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.20 annualized dividend and a yield of 1.33%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s payout ratio is presently 43.05%.

Institutional Investors Weigh In On Jack Henry & Associates

Hedge funds have recently bought and sold shares of the business. Planned Solutions Inc. bought a new stake in Jack Henry & Associates during the fourth quarter worth about $33,000. NBC Securities Inc. bought a new position in shares of Jack Henry & Associates in the third quarter worth approximately $30,000. Harbour Investments Inc. lifted its stake in shares of Jack Henry & Associates by 62.2% in the fourth quarter. Harbour Investments Inc. now owns 206 shares of the technology company’s stock worth $34,000 after buying an additional 79 shares in the last quarter. Anchor Investment Management LLC bought a new position in shares of Jack Henry & Associates in the fourth quarter worth approximately $35,000. Finally, West Tower Group LLC lifted its stake in shares of Jack Henry & Associates by 602.8% in the fourth quarter. West Tower Group LLC now owns 253 shares of the technology company’s stock worth $41,000 after buying an additional 217 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Company Profile

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.