Jack Henry & Associates Inc. (NASDAQ:JKHY) shares reached a new 52-week high on Friday . The stock traded as high as $88.12 and last traded at $87.91, with a volume of 83,949 shares changing hands. The stock had previously closed at $86.80.

Several research analysts have weighed in on the stock. Zacks Investment Research raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Wednesday. Robert W. Baird reissued a “hold” rating on shares of Jack Henry & Associates in a report on Monday, May 16th. Finally, Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $84.00 price target on shares of Jack Henry & Associates in a report on Thursday, May 5th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $80.25.

The firm has a market cap of $6.94 billion and a PE ratio of 31.264. The stock has a 50-day moving average price of $84.50 and a 200 day moving average price of $81.89.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.02. During the same quarter in the prior year, the business earned $0.63 earnings per share. The business had revenue of $333.20 million for the quarter, compared to analyst estimates of $325.92 million. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities research analysts expect that Jack Henry & Associates Inc. will post $2.86 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Wednesday, May 25th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.29%. The ex-dividend date was Monday, May 23rd.

Other hedge funds recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in shares of Jack Henry & Associates by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 14,602 shares of the company’s stock valued at $1,140,000 after buying an additional 343 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Jack Henry & Associates by 74.2% in the fourth quarter. Advisors Asset Management Inc. now owns 18,021 shares of the company’s stock valued at $1,407,000 after buying an additional 7,674 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Jack Henry & Associates by 25.4% in the fourth quarter. Bank of Montreal Can now owns 20,232 shares of the company’s stock valued at $1,579,000 after buying an additional 4,103 shares in the last quarter. BHF Kleinwort Benson Group S.A. bought a new stake in shares of Jack Henry & Associates during the fourth quarter valued at approximately $3,526,000. Finally, Liberty Mutual Group Asset Management Inc. raised its stake in shares of Jack Henry & Associates by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 52,211 shares of the company’s stock valued at $4,076,000 after buying an additional 17,715 shares in the last quarter.

Jack Henry & Associates, Inc (JHA) is a provider of core information processing solutions for community banks. The Company provides integrated computer systems that perform data processing (available for in-house installations or outsourced services) for banks and credit unions. The Company operates in two segments: bank systems and services, and credit union systems and services.

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