Jack Henry & Associates (NASDAQ:JKHY) Hits New 12-Month High – Should You Buy?

Jack Henry & Associates, Inc. (NASDAQ:JKHY) hit a new 52-week high during trading on Friday . The company traded as high as $190.53 and last traded at $188.76, with a volume of 204669 shares. The stock had previously closed at $183.51.

Analysts Set New Price Targets

JKHY has been the topic of a number of research reports. UBS Group upped their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. Wells Fargo & Company initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target on the stock. Finally, Royal Bank of Canada increased their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $186.80.

Jack Henry & Associates Stock Up 5.0 %

The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The business has a 50-day simple moving average of $173.16 and a 200-day simple moving average of $175.43. The stock has a market cap of $14.04 billion, a P/E ratio of 34.69, a PEG ratio of 3.36 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Thursday, March 6th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s payout ratio is currently 41.88%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Fortitude Family Office LLC grew its stake in shares of Jack Henry & Associates by 647.4% in the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock worth $25,000 after acquiring an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Jack Henry & Associates in the 3rd quarter valued at $26,000. National Pension Service acquired a new stake in Jack Henry & Associates in the 4th quarter worth $27,000. ORG Partners LLC bought a new position in shares of Jack Henry & Associates during the 4th quarter worth about $35,000. Finally, Atala Financial Inc acquired a new position in shares of Jack Henry & Associates during the fourth quarter valued at about $40,000. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.