Jack Henry & Associates, Inc. (JKHY) Research Coverage Started at Cantor Fitzgerald
Cantor Fitzgerald assumed coverage on shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The firm issued an overweight rating and a $112.00 target price on the technology company’s stock.
JKHY has been the topic of a number of other reports. BidaskClub downgraded shares of Jack Henry & Associates from a strong-buy rating to a buy rating in a report on Saturday, August 19th. Zacks Investment Research raised shares of Jack Henry & Associates from a hold rating to a buy rating and set a $110.00 price target on the stock in a report on Friday, May 5th. Finally, Stephens reissued an equal weight rating and set a $97.00 price target (up from $93.00) on shares of Jack Henry & Associates in a report on Friday, August 18th.
Jack Henry & Associates (JKHY) opened at 101.56 on Monday. The stock has a market cap of $7.86 billion, a P/E ratio of 32.34 and a beta of 0.75. The stock has a 50 day moving average price of $104.57 and a 200-day moving average price of $99.38. Jack Henry & Associates has a 52 week low of $79.00 and a 52 week high of $109.67.
Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, August 15th. The technology company reported $0.83 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.83. Jack Henry & Associates had a net margin of 17.17% and a return on equity of 24.65%. The firm had revenue of $383.77 million for the quarter, compared to the consensus estimate of $372.98 million. During the same period in the prior year, the firm posted $1.06 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities analysts anticipate that Jack Henry & Associates will post $3.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Friday, September 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, September 7th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 39.49%.
In other Jack Henry & Associates news, insider John F. Prim sold 9,650 shares of the company’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $103.89, for a total transaction of $1,002,538.50. Following the completion of the transaction, the insider now directly owns 206,164 shares in the company, valued at $21,418,377.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.80% of the company’s stock.
A number of institutional investors have recently bought and sold shares of JKHY. YorkBridge Wealth Partners LLC boosted its position in Jack Henry & Associates by 21.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,043 shares of the technology company’s stock worth $102,000 after buying an additional 185 shares in the last quarter. Parallel Advisors LLC boosted its position in Jack Henry & Associates by 43.3% in the first quarter. Parallel Advisors LLC now owns 1,108 shares of the technology company’s stock worth $108,000 after buying an additional 335 shares in the last quarter. TrimTabs Asset Management LLC boosted its position in Jack Henry & Associates by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 1,225 shares of the technology company’s stock worth $114,000 after buying an additional 576 shares in the last quarter. Acrospire Investment Management LLC bought a new position in Jack Henry & Associates during the second quarter worth $114,000. Finally, Almanack Investment Partners LLC. bought a new position in Jack Henry & Associates during the first quarter worth $124,000. Institutional investors own 91.69% of the company’s stock.
About Jack Henry & Associates
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).
Receive News & Ratings for Jack Henry & Associates Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.