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

A number of equities research analysts have issued reports on the stock. Robert W. Baird reiterated a “hold” rating on shares of Jack Henry & Associates in a report on Monday, May 16th. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Thursday, May 5th. Finally, Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $84.00 target price on shares of Jack Henry & Associates in a report on Thursday, May 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Jack Henry & Associates presently has an average rating of “Hold” and an average target price of $80.25.

The company’s 50 day moving average price is $84.64 and its 200 day moving average price is $81.97. The stock has a market cap of $6.93 billion and a P/E ratio of 31.22.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. The firm had revenue of $333.20 million for the quarter, compared to analysts’ expectations of $325.92 million. During the same quarter last year, the firm earned $0.63 earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, analysts anticipate 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. Stockholders of record on Wednesday, May 25th were issued a dividend of $0.28 per share. The ex-dividend date was Monday, May 23rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.28%.

Other large investors have recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in shares of Jack Henry & Associates by 7.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,665,349 shares of the company’s stock worth $129,997,000 after buying an additional 113,998 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Jack Henry & Associates by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 443,161 shares of the company’s stock worth $34,595,000 after buying an additional 3,145 shares during the period. American Capital Management Inc. increased its stake in shares of Jack Henry & Associates by 1.0% in the fourth quarter. American Capital Management Inc. now owns 391,134 shares of the company’s stock worth $30,532,000 after buying an additional 3,984 shares during the period. Principal Financial Group Inc. increased its stake in shares of Jack Henry & Associates by 2.3% in the fourth quarter. Principal Financial Group Inc. now owns 260,330 shares of the company’s stock worth $20,321,000 after buying an additional 5,740 shares during the period. Finally, California Public Employees Retirement System increased its stake in shares of Jack Henry & Associates by 8.3% in the fourth quarter. California Public Employees Retirement System now owns 241,528 shares of the company’s stock worth $18,854,000 after buying an additional 18,600 shares during the period.

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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