Jack Henry & Associates, Inc. (NASDAQ:JKHY) had its price target raised by Cantor Fitzgerald to $128.00 in a research report released on Thursday. They currently have an overweight rating on the technology company’s stock.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Jack Henry & Associates from a buy rating to a hold rating in a research report on Wednesday, July 12th. BidaskClub downgraded shares of Jack Henry & Associates from a strong-buy rating to a buy rating in a research report on Saturday, August 19th. Stephens reaffirmed an equal weight rating and issued a $97.00 target price (up previously from $93.00) on shares of Jack Henry & Associates in a research report on Friday, August 18th. Robert W. Baird reaffirmed a neutral rating and issued a $108.00 target price (up previously from $104.00) on shares of Jack Henry & Associates in a research report on Tuesday, October 10th. Finally, Royal Bank of Canada reaffirmed a hold rating and issued a $96.00 target price on shares of Jack Henry & Associates in a research report on Friday, October 20th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $110.50.

Shares of Jack Henry & Associates (JKHY) traded down $0.27 during midday trading on Thursday, reaching $113.69. 428,400 shares of the company were exchanged, compared to its average volume of 383,391. Jack Henry & Associates has a 52 week low of $83.07 and a 52 week high of $115.34. The stock has a market cap of $8,801.64, a price-to-earnings ratio of 36.64, a P/E/G ratio of 2.99 and a beta of 0.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.10 and a current ratio of 0.53.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, August 15th. The technology company reported $0.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.83. Jack Henry & Associates had a net margin of 17.08% and a return on equity of 23.92%. The company had revenue of $383.77 million during the quarter, compared to analyst estimates of $372.98 million. During the same period in the previous year, the business earned $1.06 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. equities research analysts predict that Jack Henry & Associates will post 3.31 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.09%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 39.12%.

In other news, insider Kevin D. Williams sold 20,000 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $101.63, for a total transaction of $2,032,600.00. Following the completion of the sale, the insider now owns 43,314 shares of the company’s stock, valued at approximately $4,402,001.82. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Mark S. Forbis sold 2,600 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $101.16, for a total transaction of $263,016.00. Following the sale, the vice president now directly owns 1,696 shares of the company’s stock, valued at approximately $171,567.36. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

Hedge funds have recently modified their holdings of the company. YorkBridge Wealth Partners LLC grew its position in shares of Jack Henry & Associates by 4.3% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,088 shares of the technology company’s stock valued at $112,000 after acquiring an additional 45 shares during the period. Acrospire Investment Management LLC bought a new stake in shares of Jack Henry & Associates during the 2nd quarter valued at $114,000. Parallel Advisors LLC grew its position in shares of Jack Henry & Associates by 9.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,216 shares of the technology company’s stock valued at $131,000 after acquiring an additional 108 shares during the period. IFP Advisors Inc grew its position in shares of Jack Henry & Associates by 40.6% during the 2nd quarter. IFP Advisors Inc now owns 1,312 shares of the technology company’s stock valued at $136,000 after acquiring an additional 379 shares during the period. Finally, MPS Loria Financial Planners LLC bought a new stake in shares of Jack Henry & Associates during the 2nd quarter valued at $145,000. 90.69% of the stock is owned by hedge funds and other institutional investors.

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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