Jack Henry & Associates, Inc. (NASDAQ:JKHY) hit a new 52-week high during trading on Friday . The stock traded as high as $160.97 and last traded at $159.78, with a volume of 9714 shares traded. The stock had previously closed at $159.09.

A number of research analysts have commented on JKHY shares. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $146.00 price objective on the stock in a research note on Wednesday, July 4th. BidaskClub lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 1st. Cantor Fitzgerald restated a “buy” rating and issued a $134.00 price objective on shares of Jack Henry & Associates in a research note on Tuesday, May 22nd. Wells Fargo & Co lifted their price objective on shares of Jack Henry & Associates from $110.00 to $160.00 and gave the company a “market perform” rating in a research note on Thursday, August 23rd. Finally, Robert W. Baird lifted their price objective on shares of Jack Henry & Associates from $128.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, July 16th. Seven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $137.29.

The company has a market cap of $12.19 billion, a P/E ratio of 44.45, a price-to-earnings-growth ratio of 3.58 and a beta of 0.92.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, August 21st. The technology company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.15. The company had revenue of $417.20 million for the quarter, compared to analyst estimates of $407.57 million. Jack Henry & Associates had a net margin of 24.51% and a return on equity of 23.72%. Jack Henry & Associates’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 earnings per share. equities analysts expect that Jack Henry & Associates, Inc. will post 4.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 2nd. Shareholders of record on Tuesday, September 11th will be paid a $0.37 dividend. The ex-dividend date is Monday, September 10th. This represents a $1.48 dividend on an annualized basis and a yield of 0.93%. Jack Henry & Associates’s dividend payout ratio is presently 41.23%.

In other news, Director Wesley A. Brown sold 3,479 shares of Jack Henry & Associates stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of $132.21, for a total value of $459,958.59. Following the sale, the director now owns 91,124 shares of the company’s stock, valued at $12,047,504.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John F. Prim sold 6,329 shares of Jack Henry & Associates stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $157.40, for a total transaction of $996,184.60. Following the completion of the sale, the director now directly owns 206,318 shares in the company, valued at approximately $32,474,453.20. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

Several large investors have recently modified their holdings of the company. MetLife Investment Advisors LLC boosted its holdings in shares of Jack Henry & Associates by 0.8% in the second quarter. MetLife Investment Advisors LLC now owns 48,580 shares of the technology company’s stock valued at $6,333,000 after acquiring an additional 364 shares in the last quarter. Intrust Bank NA boosted its holdings in shares of Jack Henry & Associates by 11.7% in the second quarter. Intrust Bank NA now owns 3,490 shares of the technology company’s stock valued at $455,000 after acquiring an additional 366 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Jack Henry & Associates by 67.7% in the second quarter. Signaturefd LLC now owns 946 shares of the technology company’s stock valued at $123,000 after acquiring an additional 382 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Jack Henry & Associates by 1.7% in the second quarter. Metropolitan Life Insurance Co. NY now owns 26,277 shares of the technology company’s stock valued at $3,425,000 after acquiring an additional 428 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its holdings in shares of Jack Henry & Associates by 2.5% in the first quarter. Suntrust Banks Inc. now owns 18,803 shares of the technology company’s stock valued at $2,274,000 after acquiring an additional 455 shares in the last quarter. 87.94% of the stock is currently owned by institutional investors and hedge funds.

About Jack Henry & Associates (NASDAQ:JKHY)

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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