Robert W. Baird reiterated their hold rating on shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in a research report report published on Tuesday morning. Robert W. Baird currently has a $104.00 price objective on the technology company’s stock.

Other equities analysts also recently issued reports about the company. Zacks Investment Research downgraded Jack Henry & Associates from a buy rating to a hold rating in a research report on Wednesday, July 12th. BidaskClub downgraded 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 set a $97.00 price target (up from $93.00) on shares of Jack Henry & Associates in a research report on Friday, August 18th. Finally, Cantor Fitzgerald began coverage on Jack Henry & Associates in a research report on Monday, August 28th. They set an overweight rating and a $112.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Jack Henry & Associates has a consensus rating of Hold and a consensus target price of $107.50.

Shares of Jack Henry & Associates (JKHY) traded up 0.132% during mid-day trading on Tuesday, reaching $102.165. The company’s stock had a trading volume of 24,831 shares. Jack Henry & Associates has a one year low of $79.00 and a one year high of $109.67. The firm has a market cap of $7.91 billion, a PE ratio of 32.537 and a beta of 0.75. The firm’s 50 day moving average is $102.83 and its 200 day moving average is $100.55.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, August 15th. The technology company reported $0.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.83. The business had revenue of $383.77 million for the quarter, compared to the consensus estimate of $372.98 million. Jack Henry & Associates had a return on equity of 24.65% and a net margin of 17.17%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.06 earnings per share. On average, equities analysts anticipate that Jack Henry & Associates will post $3.28 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Friday, September 8th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Thursday, September 7th. Jack Henry & Associates’s payout ratio is 39.49%.

In related news, insider Kevin D. Williams sold 20,000 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $101.63, for a total value of $2,032,600.00. Following the transaction, the insider now directly owns 43,314 shares of the company’s stock, valued at approximately $4,402,001.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Mark S. Forbis sold 2,600 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $101.16, for a total value of $263,016.00. Following the completion of the transaction, the vice president now directly owns 1,696 shares in the company, valued at $171,567.36. The disclosure for this sale can be found here. 0.80% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JKHY. BlackRock Inc. increased its position in shares of Jack Henry & Associates by 11,657.7% in the 1st quarter. BlackRock Inc. now owns 6,171,400 shares of the technology company’s stock valued at $574,556,000 after acquiring an additional 6,118,912 shares during the period. Janus Henderson Group PLC acquired a new position in shares of Jack Henry & Associates in the 2nd quarter valued at $372,869,000. State Street Corp increased its position in shares of Jack Henry & Associates by 28.7% in the 2nd quarter. State Street Corp now owns 2,673,266 shares of the technology company’s stock valued at $277,675,000 after acquiring an additional 596,227 shares during the period. Swiss National Bank increased its position in shares of Jack Henry & Associates by 367.2% in the 2nd quarter. Swiss National Bank now owns 603,200 shares of the technology company’s stock valued at $62,654,000 after acquiring an additional 474,100 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Jack Henry & Associates by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 7,163,139 shares of the technology company’s stock valued at $666,889,000 after acquiring an additional 337,287 shares during the period. 91.66% of the stock is currently owned by hedge funds and other institutional investors.

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).

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